MSGS Spinco director Weber acquires 4,031 shares

The October entries distinguish MSG Knickerbockers Corp.-held share changes from direct Class A shares connected to Weber’s vested restricted stock units.

Rhea-AI Filing Summary

MSGS Spinco, Inc. (MSGR) director Marianne Dolan Weber reported share acquisitions and dispositions connected to the spin-off and recapitalization. On October 20, 2026, MSG Knickerbockers Corp. and its subsidiaries indirectly acquired 9,794,568 Class A shares and 2,264,754 Class B shares, and disposed of 100 common shares, leaving 0 common shares. Class B shares are convertible at the holder’s option into Class A shares on a one-for-one basis.

On October 26, 2026, MSG Knickerbockers Corp. distributed one share of MSGR Class A and Class B stock for every two corresponding MSG Knickerbockers Corp. shares; indirect dispositions included 9,794,568 Class A and 2,264,754 Class B shares. Weber also directly acquired 4,031 Class A shares connected with the distribution and transfer of shares previously owned by MSG Knickerbockers Corp. and its subsidiaries, plus 3,439 Class A shares in connection with vested MSG Knickerbockers Corp. restricted stock units—one share for every two vested units.

Insider Trade Summary

Other: 24,126,214 shares

Other 7 txns

Insider WEBER MARIANNE DOLAN

Role Director

Type	Security	Shares	Price	Value
Other	Class B Common Stock F1, F5	2,264,754	--	--
Other	Class A Common Stock F1	9,794,568	--	--
Other	Class A Common Stock F2, F3	4,031	--	--
Other	Class A Common Stock F4	3,439	--	--
Other	Class B Common Stock F1, F5	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); 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 — 7,470 shares (Direct)

Footnotes (5)

1. 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.
2. F2. Represents Class A Common Stock received in connection with the Distribution in a transaction exempt under Rules 16a-9 and 16b-3.
3. F3. Reflects a transfer of shares previously owned directly by MSGK and its subsidiaries exempt under Rule 16a-13.
4. F4. Represents Class A Common Stock received 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.
5. F5. Class B Common Stock is convertible at the option of the holder on a share for share basis into Class A Common Stock.

Key Figures

Indirect Class A shares acquired: 9,794,568 shares Indirect Class B shares acquired: 2,264,754 shares Common shares disposed: 100 shares +4 more

7 metrics

Indirect Class A shares acquired 9,794,568 shares October 20, 2026; MSG Knickerbockers Corp. and its subsidiaries

Indirect Class B shares acquired 2,264,754 shares October 20, 2026; MSG Knickerbockers Corp. and its subsidiaries

Common shares disposed 100 shares October 20, 2026; 0 shares following the transaction

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

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

Direct Class A shares acquired 4,031 shares October 26, 2026; connected with the distribution and transfer of shares previously owned by MSG Knickerbockers Corp. and its subsidiaries

Direct Class A shares received for vested RSUs 3,439 shares October 26, 2026; one share for every two vested MSG Knickerbockers Corp. RSUs

Key Terms

recapitalized, Distribution, restricted stock units, Rule 16a-9, +1 more

5 terms

recapitalized technical

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

Distribution technical

"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 financial

"pursuant to vested MSGK restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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.

What share transactions did MSGR director Marianne Dolan Weber report?

The October 20 entries show MSG Knickerbockers Corp. and its subsidiaries indirectly acquiring 9,794,568 Class A shares and 2,264,754 Class B shares, and disposing of 100 common shares, leaving 0 common shares. On October 26, those entities disposed of the Class A and Class B shares. Weber also directly acquired 4,031 and 3,439 Class A shares.

Which plan covered the 3,439 MSGR Class A shares connected to vested MSGK units?

The MSGR 2026 Stock Plan for Non-Employee Directors covered the Class A shares received in connection with vested MSG Knickerbockers Corp. restricted stock units. The distribution provided one Class A share for every two vested units.

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 Learn about SEC filing dates

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^*

WEBER MARIANNE DOLAN

(Last) (First) (Middle)

TWO PENN PLAZA

(Street)

NEW YORK 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
	Officer (give title below)	X	Other (specify below)
			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)
			Code	V	Amount	(A) or (D)	Price
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	4,031(2)	A	(2)	4,031(3)	D
Class A Common Stock	10/26/2026		J(4)	V	3,439(4)	A	(4)	7,470	D

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
Class B Common Stock	(1)	10/20/2026		J(1)	V	2,264,754		(5)	(5)	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)	(5)	(5)	Class A Common Stock	2,264,754	(1)	0(1)	I	By MSG Knickerbockers Corp. and its subsidiaries

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

4. Represents Class A Common Stock received 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.

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

	/s/ Richard Baccari, Attorney-in-Fact for Marianne Dolan Weber	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)