MSGE officer exercises 283 RSUs, 102 shares withheld

MSGE’s SVP, Controller & PAO reported routine RSU vesting, with a portion of shares withheld to satisfy tax obligations.

Rhea-AI Filing Summary

Madison Square Garden Entertainment Corp. (MSGE) reported that officer Alexander Shvartsman exercised 283 Restricted Stock Units into 283 shares of Class A Common Stock on September 15, 2026, as part of a scheduled RSU vesting. Of these, 102 shares were withheld at $80.89 per share to cover tax withholding obligations. Following the RSU exercise, Shvartsman holds 566 RSUs directly, with additional tranches scheduled to vest and settle on September 15, 2027 and September 15, 2028. No Rule 10b5‑1 trading plan is reported for these transactions.

Insider Trade Summary

283 shares exercised/converted

Exercise 3 txns

Insider Shvartsman Alexander

Role SVP, Controller & PAO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1	283	$0.00	$0.00
Exercise	Class A Common Stock F1	283	$0.00	$0.00
Tax Withholding	Class A Common Stock F2	102	$80.89	$8K

Holdings After Transaction: Restricted Stock Units — 566 contracts (Direct); Class A Common Stock — 1,423 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") was granted on April 14, 2026 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.
2. F2. Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.

Key Figures

RSUs exercised: 283 units Shares received from RSU exercise: 283 shares Shares withheld for taxes: 102 shares +3 more

6 metrics

RSUs exercised 283 units RSUs converted into Class A Common Stock on September 15, 2026

Shares received from RSU exercise 283 shares Class A Common Stock acquired upon RSU vesting on September 15, 2026

Shares withheld for taxes 102 shares Withheld to satisfy tax obligations related to RSU vesting

Tax withholding price $80.89 per share Price applied to 102 shares withheld for tax obligations

RSUs held after transaction 566 units Direct RSU holdings following the September 15, 2026 vesting

RSU expiration date September 15, 2028 Expiration date associated with the RSU award described

Key Terms

Restricted Stock Units, Rule 16b-3, Employee Stock Plan, tax withholding obligations

4 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") was granted on April 14, 2026 under"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 16b-3 regulatory

"exempt under Rule 16b-3."

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

Employee Stock Plan financial

"under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan"

tax withholding obligations financial

"withheld to satisfy tax withholding obligations in connection with the vesting"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MSGE officer Alexander Shvartsman report on this Form 4 for MSGE?

He reported the exercise of 283 Restricted Stock Units into 283 shares of MSGE Class A Common Stock on September 15, 2026, tied to a scheduled vesting under the company’s 2023 Employee Stock Plan.

How many MSGE shares were withheld for taxes in Alexander Shvartsman’s Form 4 filing?

The filing states that 102 shares of MSGE Class A Common Stock were withheld at $80.89 per share to satisfy tax withholding obligations related to the RSU vesting.

How many Restricted Stock Units does Alexander Shvartsman hold after the reported MSGE transaction?

After the reported exercise, Alexander Shvartsman directly holds 566 Restricted Stock Units, which remain subject to future vesting and settlement dates as described in the filing.

Were Alexander Shvartsman’s MSGE transactions made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5‑1 trading plan is reported in connection with these transactions.

What are the future vesting dates for Alexander Shvartsman’s MSGE RSUs?

The filing explains that one-third of the RSUs vested on September 15, 2026, and that one-third is scheduled to vest and settle on September 15, 2027, with the remaining one-third scheduled for September 15, 2028.

Under which plan were Alexander Shvartsman’s MSGE RSUs granted?

The RSUs were granted on April 14, 2026 under the Madison Square Garden Entertainment Corp. 2023 Employee Stock Plan, each representing a right to receive one share of MSGE Class A Common Stock or the cash equivalent.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/17/2026 - 04:05 PM Accepted by SEC EDGAR 09/17/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shvartsman Alexander

(Last) (First) (Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK NEW YORK 10121

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Madison Square Garden Entertainment Corp. [ MSGE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller & PAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/15/2026		M		283	A	$0(1)	1,525	D
Class A Common Stock	09/15/2026		F(2)		102	D	$80.89	1,423	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/15/2026		M			283	(1)	09/15/2028	Class A Common Stock	283	$0	566	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") was granted on April 14, 2026 under the Madison Square Garden Entertainment Corp. ("MSGE") 2023 Employee Stock Plan and represents a right to receive one share of MSGE Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.

2. Represents RSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Alexander Shvartsman	09/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)