Philip D'Ambrosio - Sep 1, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: EVP and Treasurer
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Philip G. D'Ambrosio
Stock symbol: MSGE
Transactions as of: Sep 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/6/2023, 05:05 PM
Previous filing: Jun 2, 2023
Next filing: Sep 19, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MSGE	Restricted Stock Units	Award	$0	+18.7K		$0.00	18.7K	Sep 1, 2023	Class A Common Stock	18.7K		Direct	F1, F2
transaction	MSGE	Performance Restricted Stock Units	Award	$0	+5.82K		$0.00	5.82K	Sep 1, 2023	Class A Common Stock	5.82K		Direct	F3
transaction	MSGE	Performance Restricted Stock Units	Award	$0	+1.15K		$0.00	1.15K	Sep 1, 2023	Class A Common Stock	1.15K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") is granted under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan ("the 2023 Employee Stock Plan) and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F2	The RSUs are scheduled to vest and settle in three equal installments on September 15, 2024, September 15, 2025 and September 15, 2026.
F3	Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of a PSU granted by Sphere Entertainment Co. ("SPHR") on August 25, 2020 and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on September 1, 2023 upon the achievement of performance criteria established by SPHR at the time of the grant of the SPHR PSU. The MSGE PSUs are scheduled to vest and settle on September 15, 2023.
F4	Each PSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of a PSU granted by SPHR on April 22, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on September 1, 2023 upon the achievement of performance criteria established by SPHR at the time of the grant of the SPHR PSU. The MSGE PSUs are scheduled to vest and settle on September 15, 2023.