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Sphere Entertainment Co. — Director's Dealing 2024
Sep 17, 2024
31842_dirs_2024-09-17_5d932a7d-f4a7-48ea-9a5b-22b5c1816db1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Sphere Entertainment Co. (SPHR)
CIK: 0001795250
Period of Report: 2024-09-13
Reporting Person: Franco Laura (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-13 | Class A Common Stock | M | 6641 | — | Acquired | 6641 | Direct |
| 2024-09-13 | Class A Common Stock | M | 1092 | — | Acquired | 7733 | Direct |
| 2024-09-13 | Class A Common Stock | F | 3116 | $42.23 | Disposed | 4617 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-09-13 | Restricted Stock Units | $ | M | 6641 | Disposed | 2026-09-15 | Class A Common Stock (6641) | Direct |
| 2024-09-13 | Restricted Stock Units | $ | M | 1092 | Disposed | 2026-09-15 | Class A Common Stock (1092) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") was granted on April 22, 2024 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. 32% of the RSUs vested and were settled on September 13, 2024. 40% of the RSUs are scheduled to vest and settle on September 15, 2025, 24% on September 15, 2026 and 4% on September 15, 2027.
F2: Each RSU was granted on April 22, 2024 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 are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
F3: Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1 and 2, exempt under Rule 16b-3.