MSGS Spinco EVP receives 7,684 shares in distribution

Q: How many MSGR shares did David Granville-Smith receive?

David Granville-Smith received 7,684 Class A common shares on October 26, 2026, in a distribution by MSG Knickerbockers Corp. The distribution provided one MSGR Class A share and one MSGR Class B share for every two corresponding MSGK shares.

Q: How many MSGR restricted stock units did David Granville-Smith acquire?

He acquired three RSU tranches: 708, 1,419 and 1,063 restricted stock units. Each RSU represents a right to receive one Class A common share or its cash equivalent.

The RSU awards are scheduled to vest and settle on dates extending through September 15, 2029.

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Rhea-AI Filing Summary

MSGS Spinco, Inc. (MSGR) Executive Vice President David Granville-Smith received 7,684 Class A common shares in the October 26, 2026 distribution. He also acquired 708, 1,419 and 1,063 restricted stock units, each representing a right to receive one Class A share or its cash equivalent. The respective awards are scheduled to vest and settle on September 15, 2027; in equal installments on September 15, 2027 and September 15, 2028; and in three equal installments on September 15, 2027, September 15, 2028 and September 15, 2029.

Insider Trade Summary

Other: 10,874 shares

Other 4 txns

Insider Granville-Smith David

Role Executive Vice President

Type	Security	Shares	Price	Value
Other	Restricted Stock Units ^{F2, F3, F4}	708	$0.00	$0.00
Other	Restricted Stock Units ^{F2, F3, F5}	1,419	$0.00	$0.00
Other	Restricted Stock Units ^{F2, F3, F6}	1,063	$0.00	$0.00
Other	Class A Common Stock ^F1	7,684	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 3,190 contracts (Direct); Class A Common Stock — 7,684 shares (Direct)

Footnotes (6)

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. 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.
F3. 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.
F4. Pursuant to the terms of the Reporting Person's MSGK RSU award dated August 29, 2024, the RSUs are scheduled to vest and settle on September 15, 2027.
F5. Pursuant to the terms of the Reporting Person's MSGK RSU award dated August 21, 2025, the RSUs are scheduled to vest and settle in two equal installments on September 15, 2027 and September 15, 2028.
F6. Pursuant to the terms of the 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

Class A common shares received: 7,684 shares Restricted stock units: 708 units Restricted stock units: 1,419 units +2 more

5 metrics

Class A common shares received 7,684 shares Distribution on October 26, 2026

Restricted stock units 708 units Scheduled to vest and settle on September 15, 2027

Restricted stock units 1,419 units Scheduled to vest and settle in two equal installments on September 15, 2027 and September 15, 2028

Restricted stock units 1,063 units Scheduled to vest and settle in three equal installments on September 15, 2027, September 15, 2028 and September 15, 2029

Distribution ratio 1 MSGR share for every 2 corresponding MSGK shares MSGK distributed Class A and Class B shares

Key Terms

Restricted stock unit, cash equivalent, Rules 16a-9 and 16b-3

3 terms

Restricted stock unit technical

"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.

cash equivalent financial

"or the cash equivalent thereof"

Rules 16a-9 and 16b-3 regulatory

"in a transaction exempt under Rules 16a-9, 16b-6 and 16b-3"

FAQ

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

How many MSGR shares did David Granville-Smith receive?

David Granville-Smith received 7,684 Class A common shares on October 26, 2026, in a distribution by MSG Knickerbockers Corp. The distribution provided one MSGR Class A share and one MSGR Class B share for every two corresponding MSGK shares.

How many MSGR restricted stock units did David Granville-Smith acquire?

He acquired three RSU tranches: 708, 1,419 and 1,063 restricted stock units. Each RSU represents a right to receive one Class A common share or its cash equivalent.

When are David Granville-Smith's MSGR RSUs scheduled to vest?

The 708 RSUs are scheduled to vest and settle on September 15, 2027. The 1,419 RSUs are scheduled to vest and settle in equal installments on September 15, 2027 and September 15, 2028; the 1,063 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 - 04:30 PM EDT Accepted by SEC EDGAR 10/28/2026 - 04:30 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^*

Granville-Smith David

(Last)

(First)

(Middle)

TWO PENNSYLVANIA 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)

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

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)
Class A Common Stock	10/26/2026		J⁽¹⁾		7,684⁽¹⁾	A	$0.00	7,684⁽¹⁾	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)
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)
Restricted Stock Units	⁽²⁾	10/26/2026		J⁽³⁾		708⁽³⁾		⁽⁴⁾	09/15/2027	Class A Common Stock	708⁽³⁾	$0.00	708⁽³⁾	D
Restricted Stock Units	⁽²⁾	10/26/2026		J⁽³⁾		1,419⁽³⁾		⁽⁵⁾	09/15/2028	Class A Common Stock	1,419⁽³⁾	$0.00	1,419⁽³⁾	D
Restricted Stock Units	⁽²⁾	10/26/2026		J⁽³⁾		1,063⁽³⁾		⁽⁶⁾	09/15/2029	Class A Common Stock	1,063⁽³⁾	$0.00	1,063⁽³⁾	D

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. 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.

3. 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.

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

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

6. Pursuant to the terms of the 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/ Mark C. Cresitello, Attorney-in-Fact for David Granville-Smith	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