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Sphere Entertainment Co. — Director's Dealing 2024
Sep 17, 2024
31842_dirs_2024-09-17_3b1aa4c5-a1c2-4b61-afeb-969a790ef7c5.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: Granville-Smith David (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-13 | Class A Common Stock | M | 46741 | — | Acquired | 46741 | Direct |
| 2024-09-13 | Class A Common Stock | M | 8965 | — | Acquired | 55706 | Direct |
| 2024-09-13 | Class A Common Stock | F | 30094 | $42.23 | Disposed | 25612 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-09-13 | Restricted Stock Units | $ | M | 46741 | Disposed | 2026-09-15 | Class A Common Stock (46741) | Direct |
| 2024-09-13 | Restricted Stock Units | $ | M | 8965 | Disposed | 2026-09-15 | Class A Common Stock (8965) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") was granted on June 15, 2023 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. 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.
F2: 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 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.