STOCK TITAN

[SCHEDULE 13D/A] Madison Square Garden Entertainment Corp. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

This Amendment No. 5 to Schedule 13D reports changes in beneficial ownership and group membership among members of the Dolan family with respect to Madison Square Garden Entertainment Corp.'s Class A and Class B common stock. As of September 8, 2025, the Group Members may be deemed to beneficially own an aggregate of 8,552,403 shares of Class A Common Stock, including 1,685,649 shares held directly or through awards and 6,866,754 shares issuable upon conversion of all outstanding Class B Common Stock, representing approximately 17.9% of Class A shares outstanding based on 40,593,104 shares.

The filing discloses that the Charles F. Dolan 2009 Revocable Trust transferred all of its Class B shares on September 8, 2025, moving 341,684 Class B shares to various Group Members as partial repayment of promissory notes at a valuation of $41.54 per share. Several trusts and individuals were added as Group Members and parties to related shareholder and registration arrangements. Separately, James L. Dolan received grants totaling 226,436 units (113,218 restricted stock units and 113,218 performance restricted stock units) and 100,429 performance units vested to settle on September 15, 2025.

Questa Emendamento n. 5 all'Allegato 13D segnala variazioni nella titolarità effettiva e nella composizione del gruppo tra i membri della famiglia Dolan riguardo alle azioni ordinarie di Classe A e Classe B di Madison Square Garden Entertainment Corp. Alla data del 8 settembre 2025, i membri del Gruppo possono essere considerati titolari benefici complessivi di 8.552.403 azioni di Classe A, comprensive di 1.685.649 azioni detenute direttamente o tramite attribuzioni e di 6.866.754 azioni suscettibili di essere emesse a seguito della conversione di tutte le azioni di Classe B in circolazione, rappresentando circa il 17,9% delle azioni di Classe A in circolazione, calcolate su un totale di 40.593.104 azioni.

La documentazione rivela che il Charles F. Dolan 2009 Revocable Trust ha trasferito tutte le sue azioni di Classe B l'8 settembre 2025, spostando 341.684 azioni di Classe B a vari membri del Gruppo come parziale rimborso di cambiali, a una valutazione di $41,54 per azione. Diversi trust e individui sono stati aggiunti come membri del Gruppo e come parti di accordi azionari e di registrazione correlati. Separatamente, James L. Dolan ha ricevuto assegnazioni per un totale di 226.436 unità (113.218 unità di azioni vincolate e 113.218 unità di azioni vincolate legate a performance) e 100.429 unità di performance sono divenute maturate e saranno regolate il 15 settembre 2025.

Enmienda nº 5 al Anexo 13D informa cambios en la propiedad beneficiaria y en la composición del grupo entre miembros de la familia Dolan con respecto a las acciones ordinarias Clase A y Clase B de Madison Square Garden Entertainment Corp. A fecha 8 de septiembre de 2025, los Miembros del Grupo pueden considerarse propietarios beneficiarios de un total de 8.552.403 acciones de Clase A, incluyendo 1.685.649 acciones mantenidas directamente o mediante adjudicaciones y 6.866.754 acciones susceptibles de emitirse por la conversión de todas las acciones de Clase B en circulación, representando aproximadamente el 17,9% de las acciones de Clase A en circulación sobre un total de 40.593.104 acciones.

La presentación revela que el Charles F. Dolan 2009 Revocable Trust transfirió todas sus acciones de Clase B el 8 de septiembre de 2025, desplazando 341.684 acciones de Clase B a varios Miembros del Grupo como pago parcial de pagarés, a una valoración de $41,54 por acción. Varios fideicomisos e individuos se añadieron como Miembros del Grupo y como partes en acuerdos de accionistas y de registro relacionados. Por separado, James L. Dolan recibió concesiones por un total de 226.436 unidades (113.218 unidades de acciones restringidas y 113.218 unidades de acciones restringidas por desempeño) y 100.429 unidades de desempeño vencieron y se liquidarán el 15 de septiembre de 2025.

본 수정안 제5호(스케줄 13D)는 Madison Square Garden Entertainment Corp.의 클래스 A 및 클래스 B 보통주와 관련하여 돌란(Dolan) 가족 구성원 간의 실질적 소유권 및 그룹 구성 변화에 대해 보고합니다. 2025년 9월 8일 기준으로 그룹 구성원들은 총 8,552,403주 클래스 A 보통주를 실질적으로 보유한 것으로 볼 수 있으며, 여기에는 직접 보유되었거나 수여된 1,685,649주와 모든 발행된 클래스 B 보통주의 전부 전환 시 발행 가능한 6,866,754주가 포함되며, 총 40,593,104주를 기준으로 클래스 A 발행주식의 약 17.9%에 해당합니다.

서류에 따르면 Charles F. Dolan 2009 Revocable Trust는 2025년 9월 8일에 보유한 모든 클래스 B 주식을 이전해, 채권 일부 상환으로서 여러 그룹 구성원에게 341,684주 클래스 B를 이전했으며 주당 $41.54로 평가되었습니다. 여러 신탁과 개인이 그룹 구성원 및 관련 주주·등록 협약의 당사자로 추가되었습니다. 별도로 James L. Dolan은 총 226,436 단위(113,218 제한 주식 단위 및 113,218 성과 제한 주식 단위)를 부여받았고, 100,429 성과 단위는 2025년 9월 15일에 확정되어 정산될 예정입니다.

Le présent Amendement n°5 à l'Annexe 13D signale des changements de propriété bénéficiaire et de composition du groupe parmi les membres de la famille Dolan concernant les actions ordinaires de Classe A et Classe B de Madison Square Garden Entertainment Corp. Au 8 septembre 2025, les membres du Groupe peuvent être considérés comme détenteurs bénéficiaires d'un total de 8 552 403 actions de Classe A, incluant 1 685 649 actions détenues directement ou via attributions et 6 866 754 actions susceptibles d'être émises lors de la conversion de toutes les actions de Classe B en circulation, représentant environ 17,9% des actions de Classe A en circulation sur la base de 40 593 104 actions.

Le dépôt révèle que le Charles F. Dolan 2009 Revocable Trust a transféré la totalité de ses actions de Classe B le 8 septembre 2025, transférant 341 684 actions de Classe B à divers membres du Groupe en remboursement partiel de billets à ordre, à une évaluation de 41,54 $ par action. Plusieurs trusts et personnes ont été ajoutés en tant que membres du Groupe et parties à des accords d'actionnaires et d'enregistrement connexes. Par ailleurs, James L. Dolan a reçu des attributions totalisant 226 436 unités (113 218 unités d'actions restreintes et 113 218 unités d'actions restreintes liées à la performance) et 100 429 unités de performance sont arrivées à échéance et seront réglées le 15 septembre 2025.

Diese Nachtrag Nr. 5 zu Schedule 13D berichtet über Änderungen des wirtschaftlichen Eigentums und der Gruppenmitgliedschaft unter den Mitgliedern der Familie Dolan in Bezug auf die Stammaktien der Klasse A und Klasse B von Madison Square Garden Entertainment Corp. Zum 8. September 2025 können die Gruppenmitglieder als wirtschaftliche Eigentümer von insgesamt 8.552.403 Aktien der Klasse A angesehen werden, darunter 1.685.649 Aktien, die direkt oder durch Zuweisungen gehalten werden, und 6.866.754 Aktien, die bei Umwandlung aller ausstehenden Klasse-B-Aktien ausgegeben würden, was bei einem Bestand von 40.593.104 Aktien etwa 17,9% der ausstehenden Klasse-A-Aktien entspricht.

Die Einreichung gibt an, dass der Charles F. Dolan 2009 Revocable Trust am 8. September 2025 alle seine Klasse-B-Aktien übertragen hat und dabei 341.684 Klasse-B-Aktien an verschiedene Gruppenmitglieder als teilweise Rückzahlung von Schuldscheinen übertrug; bewertet mit $41,54 pro Aktie. Mehrere Treuhandfonds und Einzelpersonen wurden als Gruppenmitglieder sowie als Parteien damit zusammenhängender Aktionärs- und Registrierungsvereinbarungen hinzugefügt. Separat erhielt James L. Dolan Zuweisungen in Höhe von insgesamt 226.436 Einheiten (113.218 Restricted Stock Units und 113.218 Performance Restricted Stock Units) und 100.429 Performance-Einheiten sind fällig und werden am 15. September 2025 abgewickelt.

Positive
  • Group retains substantial consolidated economic and voting position: Group Members may be deemed to beneficially own 8,552,403 shares (approx. 17.9%) including all Class B conversion equivalents.
  • Resolution of promissory notes via share transfer: CFD 2009 Trust transferred 341,684 Class B shares in partial repayment at $41.54/share, completing that trust's disposition.
  • New Group Members and updated agreements: Several trusts were added as Group Members and became parties to the Class B Stockholders' Agreement and Dolan Affiliates Agreement, clarifying registration and voting arrangements.
Negative
  • None.

Insights

TL;DR: Transfer of all CFD 2009 Trust Class B shares and reconstitution of Dolan family group maintains concentrated voting power equal to all outstanding Class B shares.

The Amendment documents a notable reallocation of Class B economic and voting interests within the Dolan family structure without introducing outside parties. The transfer of 341,684 Class B shares and the addition of new trust members preserve collective control of 6,866,754 Class A-equivalent shares under Class B conversion rights and the Class B Stockholders' Agreement. For governance, this keeps high dual-class voting influence centralized among family trusts and affiliated trustees while updating registration and transfer restrictions and parties to the Dolan Affiliates Agreement.

TL;DR: The filing is material for investors: it discloses a 17.9% aggregate economic stake and intra-family transfers tied to promissory note repayment.

From an investor-disclosure standpoint, the Amendment clarifies current ownership metrics used by the issuer (40,593,104 Class A shares outstanding) and reports the valuation used for the share-for-note repayment ($41.54 per share). It also documents additional equity compensation to the CEO-level reporting person (James L. Dolan) and the timing of vesting events, which affect near-term potential dilution and share supply. The changes are administrative and familial in nature but are plainly material to voting and control analysis.

Questa Emendamento n. 5 all'Allegato 13D segnala variazioni nella titolarità effettiva e nella composizione del gruppo tra i membri della famiglia Dolan riguardo alle azioni ordinarie di Classe A e Classe B di Madison Square Garden Entertainment Corp. Alla data del 8 settembre 2025, i membri del Gruppo possono essere considerati titolari benefici complessivi di 8.552.403 azioni di Classe A, comprensive di 1.685.649 azioni detenute direttamente o tramite attribuzioni e di 6.866.754 azioni suscettibili di essere emesse a seguito della conversione di tutte le azioni di Classe B in circolazione, rappresentando circa il 17,9% delle azioni di Classe A in circolazione, calcolate su un totale di 40.593.104 azioni.

La documentazione rivela che il Charles F. Dolan 2009 Revocable Trust ha trasferito tutte le sue azioni di Classe B l'8 settembre 2025, spostando 341.684 azioni di Classe B a vari membri del Gruppo come parziale rimborso di cambiali, a una valutazione di $41,54 per azione. Diversi trust e individui sono stati aggiunti come membri del Gruppo e come parti di accordi azionari e di registrazione correlati. Separatamente, James L. Dolan ha ricevuto assegnazioni per un totale di 226.436 unità (113.218 unità di azioni vincolate e 113.218 unità di azioni vincolate legate a performance) e 100.429 unità di performance sono divenute maturate e saranno regolate il 15 settembre 2025.

Enmienda nº 5 al Anexo 13D informa cambios en la propiedad beneficiaria y en la composición del grupo entre miembros de la familia Dolan con respecto a las acciones ordinarias Clase A y Clase B de Madison Square Garden Entertainment Corp. A fecha 8 de septiembre de 2025, los Miembros del Grupo pueden considerarse propietarios beneficiarios de un total de 8.552.403 acciones de Clase A, incluyendo 1.685.649 acciones mantenidas directamente o mediante adjudicaciones y 6.866.754 acciones susceptibles de emitirse por la conversión de todas las acciones de Clase B en circulación, representando aproximadamente el 17,9% de las acciones de Clase A en circulación sobre un total de 40.593.104 acciones.

La presentación revela que el Charles F. Dolan 2009 Revocable Trust transfirió todas sus acciones de Clase B el 8 de septiembre de 2025, desplazando 341.684 acciones de Clase B a varios Miembros del Grupo como pago parcial de pagarés, a una valoración de $41,54 por acción. Varios fideicomisos e individuos se añadieron como Miembros del Grupo y como partes en acuerdos de accionistas y de registro relacionados. Por separado, James L. Dolan recibió concesiones por un total de 226.436 unidades (113.218 unidades de acciones restringidas y 113.218 unidades de acciones restringidas por desempeño) y 100.429 unidades de desempeño vencieron y se liquidarán el 15 de septiembre de 2025.

본 수정안 제5호(스케줄 13D)는 Madison Square Garden Entertainment Corp.의 클래스 A 및 클래스 B 보통주와 관련하여 돌란(Dolan) 가족 구성원 간의 실질적 소유권 및 그룹 구성 변화에 대해 보고합니다. 2025년 9월 8일 기준으로 그룹 구성원들은 총 8,552,403주 클래스 A 보통주를 실질적으로 보유한 것으로 볼 수 있으며, 여기에는 직접 보유되었거나 수여된 1,685,649주와 모든 발행된 클래스 B 보통주의 전부 전환 시 발행 가능한 6,866,754주가 포함되며, 총 40,593,104주를 기준으로 클래스 A 발행주식의 약 17.9%에 해당합니다.

서류에 따르면 Charles F. Dolan 2009 Revocable Trust는 2025년 9월 8일에 보유한 모든 클래스 B 주식을 이전해, 채권 일부 상환으로서 여러 그룹 구성원에게 341,684주 클래스 B를 이전했으며 주당 $41.54로 평가되었습니다. 여러 신탁과 개인이 그룹 구성원 및 관련 주주·등록 협약의 당사자로 추가되었습니다. 별도로 James L. Dolan은 총 226,436 단위(113,218 제한 주식 단위 및 113,218 성과 제한 주식 단위)를 부여받았고, 100,429 성과 단위는 2025년 9월 15일에 확정되어 정산될 예정입니다.

Le présent Amendement n°5 à l'Annexe 13D signale des changements de propriété bénéficiaire et de composition du groupe parmi les membres de la famille Dolan concernant les actions ordinaires de Classe A et Classe B de Madison Square Garden Entertainment Corp. Au 8 septembre 2025, les membres du Groupe peuvent être considérés comme détenteurs bénéficiaires d'un total de 8 552 403 actions de Classe A, incluant 1 685 649 actions détenues directement ou via attributions et 6 866 754 actions susceptibles d'être émises lors de la conversion de toutes les actions de Classe B en circulation, représentant environ 17,9% des actions de Classe A en circulation sur la base de 40 593 104 actions.

Le dépôt révèle que le Charles F. Dolan 2009 Revocable Trust a transféré la totalité de ses actions de Classe B le 8 septembre 2025, transférant 341 684 actions de Classe B à divers membres du Groupe en remboursement partiel de billets à ordre, à une évaluation de 41,54 $ par action. Plusieurs trusts et personnes ont été ajoutés en tant que membres du Groupe et parties à des accords d'actionnaires et d'enregistrement connexes. Par ailleurs, James L. Dolan a reçu des attributions totalisant 226 436 unités (113 218 unités d'actions restreintes et 113 218 unités d'actions restreintes liées à la performance) et 100 429 unités de performance sont arrivées à échéance et seront réglées le 15 septembre 2025.

Diese Nachtrag Nr. 5 zu Schedule 13D berichtet über Änderungen des wirtschaftlichen Eigentums und der Gruppenmitgliedschaft unter den Mitgliedern der Familie Dolan in Bezug auf die Stammaktien der Klasse A und Klasse B von Madison Square Garden Entertainment Corp. Zum 8. September 2025 können die Gruppenmitglieder als wirtschaftliche Eigentümer von insgesamt 8.552.403 Aktien der Klasse A angesehen werden, darunter 1.685.649 Aktien, die direkt oder durch Zuweisungen gehalten werden, und 6.866.754 Aktien, die bei Umwandlung aller ausstehenden Klasse-B-Aktien ausgegeben würden, was bei einem Bestand von 40.593.104 Aktien etwa 17,9% der ausstehenden Klasse-A-Aktien entspricht.

Die Einreichung gibt an, dass der Charles F. Dolan 2009 Revocable Trust am 8. September 2025 alle seine Klasse-B-Aktien übertragen hat und dabei 341.684 Klasse-B-Aktien an verschiedene Gruppenmitglieder als teilweise Rückzahlung von Schuldscheinen übertrug; bewertet mit $41,54 pro Aktie. Mehrere Treuhandfonds und Einzelpersonen wurden als Gruppenmitglieder sowie als Parteien damit zusammenhängender Aktionärs- und Registrierungsvereinbarungen hinzugefügt. Separat erhielt James L. Dolan Zuweisungen in Höhe von insgesamt 226.436 Einheiten (113.218 Restricted Stock Units und 113.218 Performance Restricted Stock Units) und 100.429 Performance-Einheiten sind fällig und werden am 15. September 2025 abgewickelt.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 4,622,450 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 5,688,893 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Thomas C. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 3,369,687 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Kathleen M. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 5,713,228 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Marianne Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 5,783,885 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Deborah A. Dolan-Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,809,807 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Patrick F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 3,164,060 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Corby Dolan Leinauer disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 2,596,024 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Mary S. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,866,754 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Revocable Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,402,362 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Kathleen M. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,355,665 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,416,602 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Marianne Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,398,331 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Thomas C. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 5,950,598 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 5,820,189 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,157,316 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,252,164 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,220,328 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,294,974 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Deborah Dolan-Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,809,807 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,859,095 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Ryan Dolan 1989 Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,859,095 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Tara Dolan 1989 Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,809,806 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes 6,809,807 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Kathleen M. Dolan 2012 Descendants Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.


SCHEDULE 13D


James L. Dolan
Signature:/s/ James L. Dolan
Name/Title:James L. Dolan
Date:09/10/2025
Thomas C. Dolan
Signature:/s/ Thomas C. Dolan
Name/Title:Thomas C. Dolan
Date:09/10/2025
Kathleen M. Dolan, individually and as Trustee of certain trusts described herein
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact
Date:09/10/2025
Marianne Dolan Weber
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact
Date:09/10/2025
Deborah A. Dolan-Sweeney
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact
Date:09/10/2025
Patrick F. Dolan
Signature:/s/ Dennis H. Javer
Name/Title:Dennis H. Javer as Attorney-in-Fact
Date:09/10/2025
Corby Dolan Leinauer, as Trustee of certain trusts described herein
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact
Date:09/10/2025
Mary S. Dolan, as Trustee of certain trusts described herein
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact
Date:09/10/2025
Charles F. Dolan 2009 Revocable Trust
Signature:/s/ Paul J. Dolan
Name/Title:Paul J. Dolan
Date:09/10/2025
Charles F. Dolan Children Trust FBO Kathleen M. Dolan
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Kathleen M. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Paul J. Dolan
Name/Title:Paul J. Dolan, Trustee
Date:09/10/2025
Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Kathleen M. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Charles F. Dolan Children Trust FBO Marianne Dolan Weber
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Kathleen M. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Matthew J. Dolan, Trustee
Date:09/10/2025
Charles F. Dolan Children Trust FBO Thomas C. Dolan
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Kathleen M. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Matthew J. Dolan, Trustee
Date:09/10/2025
Charles F. Dolan Children Trust FBO James L. Dolan
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Kathleen M. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Paul J. Dolan
Name/Title:Paul J. Dolan, Trustee
Date:09/10/2025
Charles F. Dolan 2009 Family Trust FBO James L. Dolan
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Corby Dolan Leinauer, Trustee
Date:09/10/2025
Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Corby Dolan Leinauer, Trustee
Date:09/10/2025
Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Corby Dolan Leinauer, Trustee
Date:09/10/2025
Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Corby Dolan Leinauer, Trustee
Date:09/10/2025
Charles F. Dolan 2009 Family Trust FBO Deborah Dolan-Sweeney
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Corby Dolan Leinauer, Trustee
Date:09/10/2025
Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Corby Dolan Leinauer, Trustee
Date:09/10/2025
Ryan Dolan 1989 Trust
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Kathleen M. Dolan, Trustee
Date:09/10/2025
Tara Dolan 1989 Trust
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Kathleen M. Dolan, Trustee
Date:09/10/2025
CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Corby Dolan Leinauer, Trustee
Date:09/10/2025
Kathleen M. Dolan 2012 Descendants Trust
Signature:/s/ Paul J. Dolan
Name/Title:Paul J. Dolan, Trustee
Date:09/10/2025
Signature:/s/ Brian G. Sweeney
Name/Title:Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan, Trustee
Date:09/10/2025

FAQ

What stake does the Dolan family group report in MSGE after Amendment No. 5?

The Group Members may be deemed to beneficially own 8,552,403 shares of Class A Common Stock, representing approximately 17.9% of Class A shares outstanding.

What happened to the Charles F. Dolan 2009 Revocable Trust in this filing?

On September 8, 2025 the CFD 2009 Trust transferred all of its Class B Common Stock (341,684 shares) to other Group Members and ceased to be a Group Member.

What valuation was used for the share transfer repaying promissory notes?

The transferred Class B shares were valued at $41.54 per share, the mean of the high and low trading price for Class A Common Stock on September 8, 2025.

Did any equity awards vest for reporting persons?

Yes. James L. Dolan received 113,218 RSUs and 113,218 PRSUs on August 25, 2025, and 100,429 PRSUs that satisfied performance conditions are scheduled to vest and settle on September 15, 2025.

How many Class A shares outstanding did the filing use to calculate percentages?

Percentages are calculated using 40,593,104 outstanding shares of Class A Common Stock as of July 31, 2025, per the issuer's Annual Report.
MADISON SQUARE GRDN ENTERTNMNT

NYSE:MSGE

MSGE Rankings

MSGE Latest News

MSGE Latest SEC Filings

MSGE Stock Data

2.12B
37.98M
3.4%
100.99%
3.55%
Leisure
Services-miscellaneous Amusement & Recreation
Link
United States
NEW YORK