MSGS Spinco: Nelson Peltz becomes a director

The Class A shares came through MSGK’s stockholder distribution and vested restricted stock units under MSGR’s 2026 director stock plan.

Rhea-AI Filing Summary

MSGS Spinco, Inc. (MSGR) reported Nelson Peltz’s direct Class A Common Stock holdings as he became a director on October 26, 2026. The shares were received in connection with MSG Knickerbockers Corp.’s distribution to its stockholders and in respect of vested MSGK restricted stock units. The shares issued for the vested units were granted under MSGR’s 2026 Stock Plan for Non-Employee Directors.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider PELTZ NELSON

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 — 4,945 shares (Direct)

Footnotes (2)

1. 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.
2. 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

Class A distribution ratio: 1 MSGR Class A share per 2 MSGK Class A shares Class B distribution ratio: 1 MSGR Class B share per 2 MSGK Class B shares Vested RSU distribution ratio: 1 MSGR Class A share per 2 vested MSGK restricted stock units

3 metrics

Class A distribution ratio 1 MSGR Class A share per 2 MSGK Class A shares MSGK stockholder distribution

Class B distribution ratio 1 MSGR Class B share per 2 MSGK Class B shares MSGK stockholder distribution

Vested RSU distribution ratio 1 MSGR Class A share per 2 vested MSGK restricted stock units Shares granted under MSGR’s 2026 Stock Plan for Non-Employee Directors

Key Terms

Distribution, restricted stock units ("RSUs"), Rules 16a-9 and 16b-3

3 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"

FAQ

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

How were Nelson Peltz’s MSGR Class A shares received?

The distribution provided one MSGR Class A share for every two MSGK Class A shares and one MSGR Class B share for every two MSGK Class B shares held by MSGK stockholders. Peltz also received one MSGR Class A share for every two vested MSGK restricted stock units; those shares were granted under MSGR’s 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 - 04:58 PM EDT Accepted by SEC EDGAR 10/28/2026 - 04:58 PM EDT Learn about SEC filing dates

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^*

PELTZ NELSON

(Last) (First) (Middle)

223 SUNSET AVENUE

(Street)

PALM BEACH FLORIDA 33480

(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	253(1)	D
Class A Common Stock	4,692(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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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:

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

	/s/ Daniel R. Marx, Attorney-in-Fact for Nelson Peltz	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)