Sphere Entertainment Co. - Sep 22, 2023 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role: 10%+ Owner
Signature: /s/ Mark C. Cresitello, Secretary of Sphere Entertainment Co.
Stock symbol: MSGE
Transactions as of: Sep 22, 2023
Transactions value $: -$256,501,066
Form type: 4
Date filed: 9/22/2023, 05:05 PM
Previous filing: Aug 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSGE	Class A Common Stock, par value $0.01 per share	Sale	-$257M	-8.22M	-100%	$31.20	0	Sep 22, 2023	By Subsidiary	F1

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

Sphere Entertainment Co. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On September 22, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co., sold 8,221,188 shares of Class A Common Stock of the Issuer in an underwritten public offering at a per share price of $31.20 pursuant to the Underwriting Agreement, dated September 19, 2023, by and among the Issuer, the Shareholder and the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $32.50 per share.

Content

On September 22, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co., sold 8,221,188 shares of Class A Common Stock of the Issuer in an underwritten public offering at a per share price of $31.20 pursuant to the Underwriting Agreement, dated September 19, 2023, by and among the Issuer, the Shareholder and the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $32.50 per share.