James L. Dolan - Oct 20, 2023 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

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

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SPHR	Options (Right to Buy)	Award	$0	+408K	$0.00	408K	Oct 20, 2023	Class A Common Stock	408K	$42.23	Direct	F1, F2, F3
transaction	SPHR	Options (Right to Buy)	Award	$0	+408K	$0.00	408K	Oct 20, 2023	Class A Common Stock	408K	$45.60	Direct	F1, F2, F3
transaction	SPHR	Options (Right to Buy)	Award	$0	+408K	$0.00	408K	Oct 20, 2023	Class A Common Stock	408K	$50.67	Direct	F1, F2, F3

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

Id	Content
F1	The stock options were granted on October 20, 2023 under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan") and represent the option to purchase Class A Common Stock. If the 2020 Employee Stock Plan does not receive stockholder approval, the stock options will be settled in cash to the extent they vest and are otherwise exercisable.
F2	The stock options will cliff vest on October 20, 2026 if James L. Dolan has remained employed by, or provided services to, the Company or any of its subsidiaries through such date (subject to certain limited exceptions).
F3	Securities held directly by James L. Dolan, Kristin A. Dolan's spouse. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan and this report shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.