Sphere Entertainment Co.'s Form 4 filing
Madison Square Garden Entertainment Corp.MSGE · filed Sep 22, 2023
- Accession no.
- 0001209191-23-050367
- Filed
- Sep 22, 2023
- Trade date
- Sep 22, 2023
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. Open-market sales total $256.5M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Sphere Entertainment Co.CIK 0001795250 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 22, 2023 | Class A Common Stock, par value $0.01 per share | SSaleDisposed | −8,221,188 | $31.20F1 | −$256,501,065.6 | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On September 22, 2023, Sphere Entertainment Group, LLC (the "Shareholder"), a direct subsidiary of Sphere Entertainment Co., sold 8,221,188 shares of Class A Common Stock of the Issuer in an underwritten public offering at a per share price of $31.20 pursuant to the Underwriting Agreement, dated September 19, 2023, by and among the Issuer, the Shareholder and 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 $32.50 per share.
Referenced by the price of 1 transaction in Table I.