Jamaal Lesane - Sep 15, 2023 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role: EVP and General Counsel
Signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Jamaal T. Lesane
Stock symbol: MSGS
Transactions as of: Sep 15, 2023
Transactions value $: -$239,077
Form type: 4
Date filed: 9/19/2023, 05:15 PM
Previous filing: Aug 30, 2023
Next filing: Sep 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+344	+37.07%	$0.00	1.27K	Sep 15, 2023	Direct	F1
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+345	+27.12%	$0.00	1.62K	Sep 15, 2023	Direct	F2
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+53	+3.28%	$0.00	1.67K	Sep 15, 2023	Direct	F3
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+829	+49.64%	$0.00	2.5K	Sep 15, 2023	Direct	F4
transaction	MSGS	Class A Common Stock	Tax liability	-$154K	-867	-34.69%	$178.15	1.63K	Sep 15, 2023	Direct	F5
transaction	MSGS	Class A Common Stock	Options Exercise	$0	+1.1K	+67.22%	$0.00	2.73K	Sep 15, 2023	Direct	F6
transaction	MSGS	Class A Common Stock	Tax liability	-$84.6K	-475	-17.41%	$178.15	2.25K	Sep 15, 2023	Direct	F7

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	MSGS	Restricted Stock Units	Options Exercise	$0	-344	-100%	$0.00^*	0	Sep 15, 2023	Class A Common Stock	344		Direct	F1
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-345	-50%	$0.00	345	Sep 15, 2023	Class A Common Stock	345		Direct	F2
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-53	-50%	$0.00	53	Sep 15, 2023	Class A Common Stock	53		Direct	F3
transaction	MSGS	Restricted Stock Units	Options Exercise	$0	-829	-33.32%	$0.00	1.66K	Sep 15, 2023	Class A Common Stock	829		Direct	F4
transaction	MSGS	Performance Restricted Stock Units	Options Exercise	$0	-1.1K	-100%	$0.00^*	0	Sep 15, 2023	Class A Common Stock	1.1K		Direct	F6

* 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") was granted on August 27, 2020 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2021. One-third of the RSUs vested and were settled on September 15, 2022. The remaining one-third of the RSUs vested and were settled on September 15, 2023.
F2	Each RSU was granted on August 19, 2021 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F3	Each RSU was granted on April 25, 2022 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settled on September 15, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2024.
F4	Each RSU was granted on August 29, 2022 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2023. One-third of the RSUs are scheduled to vest and settle on September 15, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.
F5	Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6	Each performance restricted stock unit ("PSU") was granted on August 27, 2020 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 28, 2023 and the PSUs vested and were settled on September 15, 2023.
F7	Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 6 above, exempt under Rule 16b-3.