MSGS Spinco CEO Dolan receives 102,460 Class A shares

Q: How many MSGR shares did James Lawrence Dolan receive?

James Lawrence Dolan reported direct acquisitions of 102,460 Class A shares and 25,725 Class B shares on October 26, 2026. The reported post-transaction direct holdings were the same amounts; the Class A figure includes 208 shares held jointly with his spouse.

Q: When are James Lawrence Dolan’s MSGR RSUs scheduled to vest and settle?

The 3,244 RSUs are scheduled to vest and settle on September 15, 2027. The 6,509 RSUs are scheduled in two equal installments on September 15, 2027 and September 15, 2028; the 4,875 RSUs are scheduled in three equal installments on September 15, 2027, September 15, 2028 and September 15, 2029.

The three RSU tranches are scheduled to vest and settle across dates from September 15, 2027, through September 15, 2029.

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

MSGR reported acquisitions and dispositions involving Executive Chairman / CEO and director James Lawrence Dolan in connection with the spin-off and distribution. On October 20, 2026, MSGR’s issued and outstanding common stock was recapitalized into Class A and Class B common stock. On October 26, 2026, MSG Knickerbockers Corp. distributed one share of each MSGR class for every two shares of the corresponding MSGK class.

That day, MSG Knickerbockers Corp. and its subsidiaries disposed of 9,794,568 Class A shares and 2,264,754 Class B shares held indirectly. Dolan reported direct acquisitions of 102,460 Class A shares and 25,725 Class B shares; those amounts are also reported as his resulting direct holdings. The Class A figure includes 208 shares held jointly with his spouse. He also received 3,244, 6,509 and 4,875 restricted stock units in connection with the distribution; each represents a right to receive one Class A share or its cash equivalent.

Insider Trade Summary

Other: 24,264,307 shares

Other 12 txns

Insider DOLAN JAMES LAWRENCE

Role Executive Chairman / CEO

Type	Security	Shares	Price	Value
Other	Class B Common Stock ^{F1, F9}	2,264,754	--	--
Other	Class B Common Stock ^{F10, F9, F4}	25,725	--	--
Other	Restricted Stock Units ^{F11, F12, F13}	3,244	$0.00	$0.00
Other	Restricted Stock Units ^{F11, F12, F14}	6,509	$0.00	$0.00
Other	Restricted Stock Units ^{F11, F12, F15}	4,875	$0.00	$0.00
Other	Class A Common Stock ^F1	9,794,568	--	--
Other	Class A Common Stock ^{F2, F3, F4}	102,460	--	--
Other	Class A Common Stock ^{F5, F4, F6, F7}	2,505	--	--
Other	Class A Common Stock ^{F5, F4, F8}	245	--	--
Other	Class B Common Stock ^{F1, F9}	2,264,754	--	--
Other	Common Stock, par value $0.01 per share ^F1	100	--	--
Other	Class A Common Stock ^F1	9,794,568	--	--

Holdings After Transaction: Class B Common Stock — 0 contracts (Indirect, By MSG Knickerbockers Corp. and its subsidiaries); Class B Common Stock — 25,725 contracts (Direct); Restricted Stock Units — 14,628 contracts (Direct); Common Stock, par value $0.01 per share — 0 shares (Indirect, By MSG Knickerbockers Corp. and its subsidiaries); Class A Common Stock — 0 shares (Indirect, By MSG Knickerbockers Corp. and its subsidiaries); Class A Common Stock — 102,460 shares (Direct); Class A Common Stock — 2,505 shares (Indirect, By Spouse); Class A Common Stock — 245 shares (Indirect, By Minor Child and Household Member)

Footnotes (15)

F1. Relates to the spin-off of MSG Rangers Corp. (formerly MSGS Spinco, Inc., and referred to herein as "MSGR") from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp., and referred to herein as "MSGK"). To effect the spin-off, on October 20, 2026, the issued and outstanding common stock of MSGR was recapitalized into MSGR's Class A common stock ("Class A Common Stock") and MSGR's Class B common stock ("Class B Common Stock") in a transaction exempt under Rule 16b-7. On October 26, 2026, MSGK distributed one share of Class A Common Stock and Class B Common Stock to its stockholders for every two shares of MSGK Class A common stock and MSGK Class B common stock, respectively (the "Distribution"), in a transaction exempt under Rule 16a-9.
F2. Represents Class A Common Stock received in connection with the Distribution in a transaction exempt under Rules 16a-9 and 16b-3.
F3. Includes 208 shares held jointly with spouse.
F4. Reflects a transfer of shares previously owned directly by MSGK and its subsidiaries exempt under Rule 16a-13.
F5. Represents Class A Common Stock received in connection with the Distribution in a transaction exempt under Rule 16a-9.
F6. Securities held directly by Reporting Person's spouse and indirectly by Reporting Person.
F7. Reporting Person disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that he is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, the beneficial owner of such securities.
F8. Reporting Person disclaims beneficial ownership of all shares of MSGR beneficially owned or deemed to be beneficially owned by his minor children and household members, and this filing shall not be deemed an admission that Reporting Person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, the beneficial owner of such securities.
F9. Class B Common Stock is convertible at the option of the holder on a share for share basis into Class A Common Stock.
F10. Represents Class B Common Stock received in connection with the Distribution in a transaction exempt under Rules 16a-9 and 16b-3.
F11. Each restricted stock unit ("RSU") is granted under the MSGR 2026 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F12. Reflects the acquisition of RSUs in connection with the Distribution in a transaction exempt under Rules 16a-9, 16b-6 and 16b-3. Reporting Person received one MSGR RSU in respect of every two MSGK RSUs.
F13. Pursuant to the terms of Reporting Person's MSGK RSU award dated August 29, 2024, the RSUs are scheduled to vest and settle on September 15, 2027.
F14. Pursuant to the terms of Reporting Person's MSGK RSU awards dated August 21, 2025, the RSUs are scheduled to vest and settle in two equal installments on September 15, 2027 and September 15, 2028.
F15. Pursuant to the terms of Reporting Person's MSGK RSU award dated August 26, 2026, the RSUs are scheduled to vest and settle in three equal installments on September 15, 2027, September 15, 2028 and September 15, 2029.

Key Figures

Indirect Class A shares disposed: 9,794,568 shares Indirect Class B shares disposed: 2,264,754 shares Direct Class A shares acquired: 102,460 shares +4 more

7 metrics

Indirect Class A shares disposed 9,794,568 shares Held by MSG Knickerbockers Corp. and its subsidiaries; October 26, 2026

Indirect Class B shares disposed 2,264,754 shares Held by MSG Knickerbockers Corp. and its subsidiaries; October 26, 2026

Direct Class A shares acquired 102,460 shares October 26, 2026; reported resulting direct holdings

Direct Class B shares acquired 25,725 shares October 26, 2026; reported resulting direct holdings

Restricted stock units 3,244 RSUs Scheduled to vest and settle September 15, 2027

Restricted stock units 6,509 RSUs Scheduled to vest and settle in two equal installments, September 15, 2027 and September 15, 2028

Restricted stock units 4,875 RSUs Scheduled to vest and settle in three equal installments, September 15, 2027, September 15, 2028 and September 15, 2029

Key Terms

recapitalized, Restricted stock unit, share for share basis, Rule 16a-9, +1 more

5 terms

recapitalized financial

"was recapitalized into MSGR's Class A common stock and MSGR's Class B common stock"

Restricted stock unit financial

"Each restricted stock unit ("RSU") is granted under the MSGR 2026 Employee Stock Plan"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Rule 16a-9 regulatory

"in a transaction exempt under Rule 16a-9"

Rule 16b-7 regulatory

"in a transaction exempt under Rule 16b-7"

A U.S. Securities and Exchange Commission safe-harbor rule that shields corporate insiders (officers, directors and large shareholders) from automatic short-swing profit claims when they buy or sell their company’s stock under a pre-approved, written plan that follows specific timing and nondiscretionary rules. For investors, the rule matters because it distinguishes routine, formula-driven insider transactions from opportunistic trades that could trigger automatic profit recoveries—think of it as an approved autopilot for insider trading that reduces legal uncertainty when the plan’s conditions are met.

FAQ

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

How many MSGR shares did James Lawrence Dolan receive?

James Lawrence Dolan reported direct acquisitions of 102,460 Class A shares and 25,725 Class B shares on October 26, 2026. The reported post-transaction direct holdings were the same amounts; the Class A figure includes 208 shares held jointly with his spouse.

What was the MSGR spin-off distribution ratio?

On October 26, 2026, MSG Knickerbockers Corp. distributed one MSGR Class A share and one MSGR Class B share for every two shares of the respective MSGK class held by its stockholders.

When are James Lawrence Dolan’s MSGR RSUs scheduled to vest and settle?

The 3,244 RSUs are scheduled to vest and settle on September 15, 2027. The 6,509 RSUs are scheduled in two equal installments on September 15, 2027 and September 15, 2028; the 4,875 RSUs are scheduled in three equal installments on September 15, 2027, September 15, 2028 and September 15, 2029.

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

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Available on EDGAR 10/28/2026 - 04:35 PM EDT Accepted by SEC EDGAR 10/28/2026 - 04:35 PM EDT

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^*

DOLAN JAMES LAWRENCE

(Last)

(First)

(Middle)

TWO PENN PLAZA

(Street)

NEW YORK

10121

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Executive Chairman / CEO		Member of 13(d) Group

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	10/20/2026		J⁽¹⁾	V	100⁽¹⁾	D	⁽¹⁾	0⁽¹⁾	I	By MSG Knickerbockers Corp. and its subsidiaries
Class A Common Stock	10/20/2026		J⁽¹⁾	V	9,794,568⁽¹⁾	A	⁽¹⁾	9,794,568⁽¹⁾	I	By MSG Knickerbockers Corp. and its subsidiaries
Class A Common Stock	10/26/2026		J⁽¹⁾		9,794,568⁽¹⁾	D	⁽¹⁾	0⁽¹⁾	I	By MSG Knickerbockers Corp. and its subsidiaries
Class A Common Stock	10/26/2026		J⁽²⁾	V	102,460⁽²⁾	A	⁽²⁾	102,460⁽³⁾⁽⁴⁾	D
Class A Common Stock	10/26/2026		J⁽⁵⁾	V	2,505⁽⁵⁾	A	⁽⁵⁾	2,505⁽⁴⁾	I⁽⁶⁾⁽⁷⁾	By Spouse
Class A Common Stock	10/26/2026		J⁽⁵⁾	V	245⁽⁵⁾	A	⁽⁵⁾	245⁽⁴⁾	I⁽⁸⁾	By Minor Child and Household Member

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	10/20/2026		J⁽¹⁾	V	2,264,754⁽¹⁾		⁽⁹⁾	⁽⁹⁾	Class A Common Stock	2,264,754	⁽¹⁾	2,264,754⁽¹⁾	I	By MSG Knickerbockers Corp. and its subsidiaries
Class B Common Stock	⁽¹⁾	10/26/2026		J⁽¹⁾			2,264,754⁽¹⁾	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	2,264,754	⁽¹⁾	0⁽¹⁾	I	By MSG Knickerbockers Corp. and its subsidiaries
Class B Common Stock	⁽¹⁰⁾	10/26/2026		J⁽¹⁰⁾	V	25,725⁽¹⁰⁾		⁽⁹⁾	⁽⁹⁾	Class A Common Stock	25,725⁽¹⁰⁾	⁽¹⁰⁾	25,725⁽⁴⁾	D
Restricted Stock Units	⁽¹¹⁾	10/26/2026		J⁽¹²⁾	V	3,244⁽¹²⁾		⁽¹³⁾	09/15/2027	Class A Common Stock	3,244⁽¹²⁾	$0	3,244⁽¹²⁾	D
Restricted Stock Units	⁽¹¹⁾	10/26/2026		J⁽¹²⁾	V	6,509⁽¹²⁾		⁽¹⁴⁾	09/15/2028	Class A Common Stock	6,509⁽¹²⁾	$0	6,509⁽¹²⁾	D
Restricted Stock Units	⁽¹¹⁾	10/26/2026		J⁽¹²⁾	V	4,875⁽¹²⁾		⁽¹⁵⁾	09/15/2029	Class A Common Stock	4,875⁽¹²⁾	$0	4,875⁽¹²⁾	D

Explanation of Responses:

1. Relates to the spin-off of MSG Rangers Corp. (formerly MSGS Spinco, Inc., and referred to herein as "MSGR") from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp., and referred to herein as "MSGK"). To effect the spin-off, on October 20, 2026, the issued and outstanding common stock of MSGR was recapitalized into MSGR's Class A common stock ("Class A Common Stock") and MSGR's Class B common stock ("Class B Common Stock") in a transaction exempt under Rule 16b-7. On October 26, 2026, MSGK distributed one share of Class A Common Stock and Class B Common Stock to its stockholders for every two shares of MSGK Class A common stock and MSGK Class B common stock, respectively (the "Distribution"), in a transaction exempt under Rule 16a-9.

2. Represents Class A Common Stock received in connection with the Distribution in a transaction exempt under Rules 16a-9 and 16b-3.

3. Includes 208 shares held jointly with spouse.

4. Reflects a transfer of shares previously owned directly by MSGK and its subsidiaries exempt under Rule 16a-13.

5. Represents Class A Common Stock received in connection with the Distribution in a transaction exempt under Rule 16a-9.

6. Securities held directly by Reporting Person's spouse and indirectly by Reporting Person.

7. Reporting Person disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that he is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, the beneficial owner of such securities.

8. Reporting Person disclaims beneficial ownership of all shares of MSGR beneficially owned or deemed to be beneficially owned by his minor children and household members, and this filing shall not be deemed an admission that Reporting Person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, the beneficial owner of such securities.

9. Class B Common Stock is convertible at the option of the holder on a share for share basis into Class A Common Stock.

10. Represents Class B Common Stock received in connection with the Distribution in a transaction exempt under Rules 16a-9 and 16b-3.

11. Each restricted stock unit ("RSU") is granted under the MSGR 2026 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

12. Reflects the acquisition of RSUs in connection with the Distribution in a transaction exempt under Rules 16a-9, 16b-6 and 16b-3. Reporting Person received one MSGR RSU in respect of every two MSGK RSUs.

13. Pursuant to the terms of Reporting Person's MSGK RSU award dated August 29, 2024, the RSUs are scheduled to vest and settle on September 15, 2027.

14. Pursuant to the terms of Reporting Person's MSGK RSU awards dated August 21, 2025, the RSUs are scheduled to vest and settle in two equal installments on September 15, 2027 and September 15, 2028.

15. Pursuant to the terms of Reporting Person's MSGK RSU award dated August 26, 2026, the RSUs are scheduled to vest and settle in three equal installments on September 15, 2027, September 15, 2028 and September 15, 2029.

	/s/ James L. Dolan	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 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)

Source: View Original Filing on SEC EDGAR