JAMES L. DOLAN - 15 Sep 2025 Form 4 Insider Report for Madison Square Garden Entertainment Corp. (MSGE)

Role
Executive Chairman & CEO, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Issuer symbol
MSGE
Transactions as of
15 Sep 2025
Net transactions value
-$4,893,290
Form type
4
Filing time
17 Sep 2025, 16:15:06 UTC
Previous filing
10 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DOLAN JAMES LAWRENCE Executive Chairman & CEO, Director, Member of 13(d) Group 2 PENNSYLVANIA PLAZA, NEW YORK /s/ James L. Dolan 17 Sep 2025 0000933028

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGE Class A Common Stock Options Exercise $0 +32,917 +14% $0.000000 275,923 15 Sep 2025 Direct F1, F7
transaction MSGE Class A Common Stock Options Exercise $0 +31,133 +11% $0.000000 307,056 15 Sep 2025 Direct F2, F7
transaction MSGE Class A Common Stock Options Exercise $0 +36,903 +12% $0.000000 343,959 15 Sep 2025 Direct F3, F7
transaction MSGE Class A Common Stock Tax liability $2,452,994 -55,826 -16% $43.94 288,133 15 Sep 2025 Direct F4, F7
transaction MSGE Class A Common Stock Options Exercise $0 +100,429 +35% $0.000000 388,562 15 Sep 2025 Direct F5, F7
transaction MSGE Class A Common Stock Tax liability $2,440,296 -55,537 -14% $43.94 333,025 13 Sep 2024 Direct F6, F7
holding MSGE Class A Common Stock 26,320 15 Sep 2025 By Spouse F8
holding MSGE Class A Common Stock 746 15 Sep 2025 By Minor Children and Household Members F9

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 -32,917 -100% $0.000000 0 15 Sep 2025 Class A Common Stock 32,917 Direct F1
transaction MSGE Restricted Stock Units Options Exercise $0 -31,133 -50% $0.000000 31,134 15 Sep 2025 Class A Common Stock 31,133 Direct F2
transaction MSGE Restricted Stock Units Options Exercise $0 -36,903 -33% $0.000000 73,808 15 Sep 2025 Class A Common Stock 36,903 Direct F3
transaction MSGE Performance Restricted Stock Units Options Exercise $0 -100,429 -100% $0.000000 0 15 Sep 2025 Class A Common Stock 100,429 Direct F5
* 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 Employee Stock Plan (the "2023 Employee Stock Plan") in respect of an RSU granted by Shere Entertainment Co. ("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 vested and were settled on September 13, 2024. The remaining one-third of the RSUs vested and were settled on September 15, 2025.
F2 Each RSU was granted on September 1, 2023 under the 2023 Employee Stock Plan 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 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
F3 Each RSU was granted on August 27, 2024 under the 2023 Employee Stock Plan 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, 2025. One-third of the RSUs are scheduled to vest and settle on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.
F4 Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, and 3 above, exempt under Rule 16b-3.
F5 Each performance restricted stock unit ("PSU") was granted on April 20, 2023 under the MSGE 2023 Employee Stock Plan in respect of a PSU 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. The performance conditions were satisfied on August 25, 2025 and the PSUs vested and were settled on September 15, 2025.
F6 Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 5 above, exempt under Rule 16b-3.
F7 Includes shares held jointly with spouse.
F8 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.
F9 Mr. Dolan disclaims beneficial ownership of all securities of MSGE benificially owned and deemed to be beneficially owned by his minor children and household members and this filing 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.