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Sphere Entertainment Co. — Director's Dealing 2025
Sep 17, 2025
31842_dirs_2025-09-17_be22bdcc-01d7-4bb9-8d69-7072d1e762c5.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: Koester Jennifer (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-09-15 | Class A Common Stock | M | 11988 | — | Acquired | 21200 | Direct |
| 2025-09-15 | Class A Common Stock | M | 6829 | — | Acquired | 28029 | Direct |
| 2025-09-15 | Class A Common Stock | M | 8269 | — | Acquired | 36298 | Direct |
| 2025-09-15 | Class A Common Stock | F | 13826 | $60.29 | Disposed | 22472 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-09-15 | Restricted Stock Units | $ | M | 11988 | Disposed | 2026-09-15 | Class A Common Stock (11988) | Direct |
| 2025-09-15 | Restricted Stock Units | $ | M | 6829 | Disposed | 2026-09-15 | Class A Common Stock (6829) | Direct |
| 2025-09-15 | Restricted Stock Units | $ | M | 8269 | Disposed | 2027-09-15 | Class A Common Stock (8269) | 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. 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: 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.
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.