Madison Square Garden Entertainment (MSGE) director awarded 3,266 RSUs in 2025 grant

Rhea-AI Filing Summary

Madison Square Garden Entertainment Corp. director Donna Coleman reported receiving a new equity award. On December 10, 2025, she was granted 3,266 restricted stock units (RSUs) under the company’s 2023 Stock Plan for Non-Employee Directors. Each RSU represents the right to receive one share of Class A Common Stock or the cash equivalent.

The RSUs are fully vested on the grant date, meaning there is no additional service requirement to earn them. They will be settled in stock or cash on the first business day 90 days after Ms. Coleman separates from service as a director. After this grant, she beneficially owned 16,255 derivative securities, held directly.

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

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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^*

Coleman Donna

(Last) (First) (Middle)

2 PENNSYLVANIA PLAZA

(Street)

NEW YORK NY 10121

(City) (State) (Zip)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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

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

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

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

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)	12/10/2025		A		3,266		(2)	(2)	Class A Common Stock	3,266	$0	16,255	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted under the Madison Square Garden Entertainment Corp. 2023 Stock Plan for Non-Employee Directors and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

2. The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after separation from service.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Donna Coleman	12/12/2025
	** 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.

FAQ

What insider transaction did MSGE director Donna Coleman report?

Donna Coleman, a director of Madison Square Garden Entertainment Corp. (MSGE), reported receiving a grant of 3,266 restricted stock units (RSUs) on December 10, 2025 under the company’s 2023 Stock Plan for Non-Employee Directors.

What does the 3,266 RSU grant to Donna Coleman at MSGE represent?

Each of the 3,266 RSUs granted to Donna Coleman represents a right to receive one share of Class A Common Stock of Madison Square Garden Entertainment Corp., or the cash equivalent of that share.

When do Donna Coleman’s MSGE RSUs vest and settle?

The RSUs are fully vested on the date of grant, December 10, 2025. They will be settled in stock or cash on the first business day 90 days after her separation from service as a director.

Under which plan were Donna Coleman’s MSGE RSUs granted?

The 3,266 RSUs reported by Donna Coleman were granted under the Madison Square Garden Entertainment Corp. 2023 Stock Plan for Non-Employee Directors.

How many derivative securities does Donna Coleman own after this MSGE grant?

Following the reported RSU grant, Donna Coleman beneficially owned 16,255 derivative securities related to Madison Square Garden Entertainment Corp., held in direct ownership.

What is Donna Coleman’s relationship to Madison Square Garden Entertainment Corp. (MSGE)?

Donna Coleman is reported as a director of Madison Square Garden Entertainment Corp. (MSGE) on this insider ownership filing.