Form 4 for MSGE Madison Square Garden Entertainment Corp.
Accepted 2023-06-29 00:00:00 ET · period of report 2023-06-27 · accession 0001209191-23-040164 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-06-29 | 2023-06-27 | MSGE | Sphere Entertainment Co. | 10% | S - Sale | $29.76 | -6.88M | 16.18M | -30% | -$204.68M |
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, par value $0.01 per share | 2023-06-27 | S | D | 6,037,500 | $29.76 | 10,143,938 | I By Subsidiary | — | — | (F2) On June 27, 2023, the Shareholder sold 6,037,500 shares of Class A Common Stock of the Issuer in an underwritten public offering at a per share price of $29.76 pursuant to the Underwriting Agreement, dated June 22, 2023, by and among the Issuer, the Shareholder and the the representatives of the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $31.00 per share. (F1) On June 27, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co. and the direct holder of Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), of Madison Square Garden Entertainment Corp. (the "Issuer"), sold 840,053 shares of Class A Common Stock back to the Issuer at a per share price of $29.76 USD pursuant to the Stock Purchase Agreement, dated June 21, 2023, by and between the Issuer and the Shareholder. |
| 2 | Common | Class A Common Stock, par value $0.01 per share | 2023-06-27 | S | D | 840,053 | $29.76 | 16,181,438 | I By Subsidiary | — | — | (F1) On June 27, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co. and the direct holder of Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), of Madison Square Garden Entertainment Corp. (the "Issuer"), sold 840,053 shares of Class A Common Stock back to the Issuer at a per share price of $29.76 USD pursuant to the Stock Purchase Agreement, dated June 21, 2023, by and between the Issuer and the Shareholder. |