Form 4 for SPHR Sphere Entertainment Co.
Accepted 2025-09-17 00:00:00 ET · period of report 2025-09-15 · accession 0001193125-25-206155 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-09-17 | 2025-09-15 | SPHR | Dolan Kristin A | Dir, 10% | M - OptEx | $0.00 | +158.6K | 931.8K | +21% | $0 |
| DM | 2025-09-17 | 2025-09-15 | SPHR | Dolan Kristin A | Dir, 10% | F - Tax | $60.29 | -79.0K | 928.2K | -8% | -$4.76M |
| DM | 2025-09-17 | 2025-09-15 | SPHR | Dolan Kristin A | Dir, 10% | M - OptEx | $0.00 | -158.6K | 26.9K | -85% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-09-15 | M | A | 98,750 | $0.00 | 1,026,961 | D | — | — | (F6) Each performance restricted stock unit ("PSU") was granted on August 31, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 15, 2025. (F2) Includes shares held jointly with spouse. (F3) Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) 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. |
| 2 | Common | Class A Common Stock | 2025-09-15 | F | D | 48,493 | $60.29 | 978,468 | D | — | — | (F2) Includes shares held jointly with spouse. (F3) Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) 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. |
| 3 | Common | Class A Common Stock | 2025-09-15 | F | D | 30,534 | $60.29 | 928,211 | D | — | — | (F2) Includes shares held jointly with spouse. (F3) Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) 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. |
| 4 | Common | Class A Common Stock | 2025-09-15 | M | A | 26,896 | $0.00 | 958,745 | D | — | — | (F4) Each RSU was granted on September 1, 2023 under the 2020 Employee Stock Plan and represents a right to receive one share of 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. (F2) Includes shares held jointly with spouse. (F3) Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) 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. |
| 5 | Common | Class A Common Stock | 2025-09-15 | M | A | 32,917 | $0.00 | 931,849 | D | — | — | (F1) Each restricted stock unit ("RSU") was granted on August 31, 2022 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of 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) Includes shares held jointly with spouse. (F3) Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) 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. |
| 6 | Derivative | Restricted Stock Units | 2025-09-15 | M | D | 32,917 | $0.00 | 0 | D | — · — to 2025-09-15 | 32,917 Class A Common Stock | (F1) Each restricted stock unit ("RSU") was granted on August 31, 2022 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of 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. |
| 7 | Derivative | Performance Restricted Stock Units | 2025-09-15 | M | D | 98,750 | $0.00 | 0 | D | — · — to 2025-09-15 | 98,750 Class A Common Stock | (F6) Each performance restricted stock unit ("PSU") was granted on August 31, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 15, 2025. |
| 8 | Derivative | Restricted Stock Units | 2025-09-15 | M | D | 26,896 | $0.00 | 26,897 | D | — · — to 2026-09-15 | 26,896 Class A Common Stock | (F4) Each RSU was granted on September 1, 2023 under the 2020 Employee Stock Plan and represents a right to receive one share of 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. |