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Sphere Entertainment Co. — Director's Dealing 2025
Sep 17, 2025
31842_dirs_2025-09-17_b1fcb634-5b23-4c06-9775-e7e56b750a22.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: 2025-09-15
Reporting Person: Franco Laura (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-09-15 | Class A Common Stock | M | 8302 | — | Acquired | 12919 | Direct |
| 2025-09-15 | Class A Common Stock | M | 1093 | — | Acquired | 14012 | Direct |
| 2025-09-15 | Class A Common Stock | M | 1323 | — | Acquired | 15335 | Direct |
| 2025-09-15 | Class A Common Stock | F | 4318 | $60.29 | Disposed | 11017 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-09-15 | Restricted Stock Units | $ | M | 8302 | Disposed | 2027-09-15 | Class A Common Stock (8302) | Direct |
| 2025-09-15 | Restricted Stock Units | $ | M | 1093 | Disposed | 2026-09-15 | Class A Common Stock (1093) | Direct |
| 2025-09-15 | Restricted Stock Units | $ | M | 1323 | Disposed | 2027-09-15 | Class A Common Stock (1323) | 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 (the "2020 Employee Stock Plan"), 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 vested and were settled on September 15, 2025. 24% of the RSUs are scheduled to vest and settle on September 15, 2026. 4% of the RSUs are scheduled to vest and settle 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 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 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, 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 SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.