| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SPHR | Stock Options (Rights to Buy) | Award | $0 | +985K | $0.00 | 985K | Jan 8, 2025 | Class A Common Stock | 985K | $41.37 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | The stock options were granted on January 8, 2025 under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents the option to purchase Class A Common Stock. |
| F2 | If James L. Dolan has remained employed by, or provided services to, the Issuer or any of its subsidiaries through January 8, 2028 (subject to certain limited exceptions), then 25% of the stock options will vest during a performance period ended January 8, 2030 upon achievement of each of the following stock price hurdles (based on a rolling 30 consecutive trading day average closing price of the Issuer's Class A Common Stock): $75.00, $100.00, $125.00 and $150.00. |
| 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 (other than securities in which she has a direct pecuniary interest) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. |