James L. Dolan - Sep 15, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
Executive Chairman and CEO, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Stock symbol
MSGE
Transactions as of
Sep 15, 2023
Transactions value $
-$2,653,209
Form type
4
Date filed
9/19/2023, 05:15 PM
Previous filing
Sep 6, 2023
Next filing
Oct 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Class A Common Stock Options Exercise $0 +33.9K +11.06% $0.00 341K Sep 15, 2023 Direct F1, F2
transaction MSGE Class A Common Stock Options Exercise $0 +11.3K +3.32% $0.00 352K Sep 15, 2023 Direct F2, F3
transaction MSGE Class A Common Stock Options Exercise $0 +13K +3.7% $0.00 365K Sep 15, 2023 Direct F2, F4
transaction MSGE Class A Common Stock Options Exercise $0 +23K +6.3% $0.00 388K Sep 15, 2023 Direct F2, F5
transaction MSGE Class A Common Stock Options Exercise $0 +5.25K +1.35% $0.00 393K Sep 15, 2023 Direct F2, F6
transaction MSGE Class A Common Stock Options Exercise $0 +32.9K +8.37% $0.00 426K Sep 15, 2023 Direct F2, F7
transaction MSGE Class A Common Stock Tax liability -$2M -61K -14.3% $32.75 365K Sep 15, 2023 Direct F2, F8
transaction MSGE Class A Common Stock Options Exercise $0 +39.2K +10.74% $0.00 405K Sep 15, 2023 Direct F2, F9
transaction MSGE Class A Common Stock Tax liability -$656K -20K -4.95% $32.75 385K Sep 15, 2023 Direct F2, F10
holding MSGE Class A Common Stock 26.3K Sep 15, 2023 By Spouse F11
holding MSGE Class A Common Stock 746 Sep 15, 2023 By Minor Children F12

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 Options Exercise $0 -33.9K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 33.9K Direct F1
transaction MSGE Restricted Stock Units Options Exercise $0 -11.3K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 11.3K Direct F3
transaction MSGE Restricted Stock Units Options Exercise $0 -13K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 13K Direct F4
transaction MSGE Restricted Stock Units Options Exercise $0 -23K -50% $0.00 23K Sep 15, 2023 Class A Common Stock 23K Direct F5
transaction MSGE Restricted Stock Units Options Exercise $0 -5.25K -50% $0.00 5.25K Sep 15, 2023 Class A Common Stock 5.25K Direct F6
transaction MSGE Restricted Stock Units Options Exercise $0 -32.9K -33.33% $0.00 65.8K Sep 15, 2023 Class A Common Stock 32.9K Direct F7
transaction MSGE Performance Restricted Stock Units Options Exercise $0 -39.2K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 39.2K Direct F9
* 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 April 20, 2023 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted on August 26, 2020 under the MSG Networks Inc. 2010 Employee Stock Plan, as amended and assumed by Sphere Entertainment Co. ("SPHR") (the "MSGN 2010 Employee Stock Plan"), and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The RSUs vested and were settled on September 15, 2023.
F2 Includes shares held jointly with spouse.
F3 Each RSU was granted on April 20, 2023 under the MSGE 2023 Stock Plan in respect of an RSU granted on August 26, 2020 under the MSGN 2010 Employee Stock Plan, as amended and assumed by SPHR, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. The RSUs vested and were settled on September 15, 2023.
F4 Each RSU was granted on April 20, 2023 under the MSGE 2023 Stock Plan in respect of an RSU granted by 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 RSUs vested and were settled on September 15, 2023.
F5 Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU granted by SPHR on August 27, 2021, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-half of the RSUs vested and were settled on September 15, 2023. The remaining one-half of the RSUs are scheduled to vest and settle on September 15, 2024.
F6 Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU granted by SPHR on April 20, 2022, and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-half of the RSUs vested and were settled on September 15, 2023. The remaining one-half of the RSUs are scheduled to vest and settle on September 15, 2024.
F7 Each RSU was granted on April 20, 2023 under the 2023 Employee Stock Plan in respect of an RSU granted by SPHR on August 31, 2022, and represents a right to receive one share of MSGE 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.
F8 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 3, 4, 5, 6, and 7, exempt under Rule 16b-3.
F9 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 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 and the PSUs vested and were settled on September 15, 2023.
F10 Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 9 above, exempt under Rule 16b-3.
F11 Securities held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F12 Mr. Dolan disclaims beneficial ownership of all securities of MSGS beneficially owned and deemed to be beneficially owned by his minor children and this filing shall not be deemed an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.