MSGS Spinco adds Alan D. Schwartz as director

Q: What was the MSGR distribution ratio for MSG Knickerbockers Corp. shareholders?

MSG Knickerbockers Corp. distributed one share of MSGR Class A Common Stock and one share of MSGR Class B common stock for every two shares of its respective Class A and Class B common stock.

Q: How were MSGR shares tied to Alan D. Schwartz's director RSUs?

Director Alan D. Schwartz received one share of MSGR Class A Common Stock in respect of every two vested MSGK restricted stock units. The shares were granted pursuant to the MSGR 2026 Stock Plan for Non-Employee Directors.

The distribution provided one MSGR Class A share per two MSGK Class A shares and one MSGR Class B share per two MSGK Class B shares.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

MSGS Spinco, Inc. (MSGR) reports two direct Class A Common Stock holding entries for director Alan D. Schwartz, who became a director on October 26, 2026. One entry reflects shares received in the distribution by MSG Knickerbockers Corp. (MSGK); the other reflects shares received for vested MSGK restricted stock units under the MSGR 2026 Stock Plan for Non-Employee Directors. Both receipts were described as exempt under Rules 16a-9 and 16b-3.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SCHWARTZ ALAN D

Role Director

Type	Security	Shares	Price	Value
holding	Class A Common Stock ^F1	--	--	--
holding	Class A Common Stock ^F2	--	--	--

Holdings After Transaction: Class A Common Stock — 7,548 shares (Direct)

Footnotes (2)

F1. Represents Class A Common Stock of MSG Rangers Corp. (formerly MSGS Spinco, Inc., and referred to herein as "MSGR") received by the Reporting Person in connection with the distribution by MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp., and referred to herein as "MSGK") of outstanding common stock of MSGR to MSGK stockholders, effected on October 26, 2026 (the "Distribution"), in a transaction exempt under Rules 16a-9 and 16b-3. In the Distribution, MSGK distributed one share of MSGR's Class A common stock ("Class A Common Stock") and one share of MSGR's Class B common stock to MSGK stockholders for every two shares of MSGK Class A common stock and MSGK Class B common stock, respectively, in a transaction exempt under Rule 16a-9.
F2. Represents Class A Common Stock received by the Reporting Person in connection with the Distribution pursuant to vested MSGK restricted stock units ("RSUs"), in a transaction exempt under Rules 16a-9 and 16b-3. The shares of Class A Common Stock were granted pursuant to the MSGR 2026 Stock Plan for Non-Employee Directors. Reporting Person received one share of Class A Common Stock in respect of every two vested MSGK RSUs.

Key Figures

MSGK distribution ratio: 1 MSGR Class A share and 1 MSGR Class B share per 2 corresponding MSGK shares Vested MSGK RSU ratio: 1 MSGR Class A share per 2 vested MSGK restricted stock units Holding-entry date: October 26, 2026

3 metrics

MSGK distribution ratio 1 MSGR Class A share and 1 MSGR Class B share per 2 corresponding MSGK shares Distribution by MSG Knickerbockers Corp.

Vested MSGK RSU ratio 1 MSGR Class A share per 2 vested MSGK restricted stock units MSG R 2026 Stock Plan for Non-Employee Directors

Holding-entry date October 26, 2026 Direct Class A Common Stock entries

Key Terms

Distribution, restricted stock units ("RSUs"), Rules 16a-9 and 16b-3, 2026 Stock Plan for Non-Employee Directors

4 terms

Distribution financial

"in connection with the Distribution"

A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.

restricted stock units ("RSUs") financial

"pursuant to vested MSGK restricted stock units ("RSUs")"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Rules 16a-9 and 16b-3 regulatory

"in a transaction exempt under Rules 16a-9 and 16b-3"

2026 Stock Plan for Non-Employee Directors financial

"granted pursuant to the MSGR 2026 Stock Plan for Non-Employee Directors"

FAQ

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

What was the MSGR distribution ratio for MSG Knickerbockers Corp. shareholders?

MSG Knickerbockers Corp. distributed one share of MSGR Class A Common Stock and one share of MSGR Class B common stock for every two shares of its respective Class A and Class B common stock.

How were MSGR shares tied to Alan D. Schwartz's director RSUs?

Director Alan D. Schwartz received one share of MSGR Class A Common Stock in respect of every two vested MSGK restricted stock units. The shares were granted pursuant to the MSGR 2026 Stock Plan for Non-Employee Directors.

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

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Available on EDGAR 10/28/2026 - 04:31 PM EDT Accepted by SEC EDGAR 10/28/2026 - 04:30 PM EDT

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

SCHWARTZ ALAN D

(Last)

(First)

(Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK

10121

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
10/26/2026

3. Issuer Name and Ticker or Trading Symbol
MSG Rangers Corp. [ MSGR ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	3,081⁽¹⁾	D
Class A Common Stock	4,467⁽²⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. Represents Class A Common Stock of MSG Rangers Corp. (formerly MSGS Spinco, Inc., and referred to herein as "MSGR") received by the Reporting Person in connection with the distribution by MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp., and referred to herein as "MSGK") of outstanding common stock of MSGR to MSGK stockholders, effected on October 26, 2026 (the "Distribution"), in a transaction exempt under Rules 16a-9 and 16b-3. In the Distribution, MSGK distributed one share of MSGR's Class A common stock ("Class A Common Stock") and one share of MSGR's Class B common stock to MSGK stockholders for every two shares of MSGK Class A common stock and MSGK Class B common stock, respectively, in a transaction exempt under Rule 16a-9.

2. Represents Class A Common Stock received by the Reporting Person in connection with the Distribution pursuant to vested MSGK restricted stock units ("RSUs"), in a transaction exempt under Rules 16a-9 and 16b-3. The shares of Class A Common Stock were granted pursuant to the MSGR 2026 Stock Plan for Non-Employee Directors. Reporting Person received one share of Class A Common Stock in respect of every two vested MSGK RSUs.

Remarks:

Alan D. Schwartz became a director of MSG Rangers Corp. (formerly MSGS Spinco, Inc.) on October 26, 2026. Exhibit Index: Exhibit 24 - Power of Attorney

	/s/ Mark C. Cresitello, Attorney-in-Fact for Alan D. Schwartz	10/28/2026
	** 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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR