Andrew Lustgarten - 27 Nov 2024 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
Director
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Andrew Lustgarten
Issuer symbol
MSGS
Transactions as of
27 Nov 2024
Net transactions value
-$1,708,015
Form type
4
Filing time
02 Dec 2024, 16:15:07 UTC
Previous filing
03 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +11,296 +34% $0.000000 44,191 27 Nov 2024 Direct F1
transaction MSGS Class A Common Stock Options Exercise $0 +2,188 +5% $0.000000 46,379 27 Nov 2024 Direct F2
transaction MSGS Class A Common Stock Tax liability $1,708,015 -7,455 -16% $229.11 38,924 27 Nov 2024 Direct F3
holding MSGS Class A Common Stock 6,000 27 Nov 2024 By LLC F4

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 Performance Restricted Stock Units Options Exercise $0 -11,296 -100% $0.000000 0 27 Nov 2024 Class A Common Stock 11,296 Direct F1
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -2,188 -100% $0.000000 0 27 Nov 2024 Class A Common Stock 2,188 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance restricted stock unit ("PSU") was granted on August 19, 2021 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Emplyee 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 and the PSUs vested on August 29, 2024. The PSUs settled on November 27, 2024.
F2 Each PSU was granted on April 25, 2022 under the MSG 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 and the PSUs vested on August 29, 2024. The PSUs settled on November 27, 2024.
F3 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 1 and 2 above, exempt under Rule 16b-3.
F4 The reporting person has direct pecuniaiy interest in 1,938 shares. The reporting person disclaims beneficial ownership of 4,062 shares of which he does not have a pecuniaiy interest.