Dolan 2009 Family Trust reports MSGS (NYSE: MSGS) Class B share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Madison Square Garden Sports Corp. reported an initial insider ownership position on a Form 3 for the CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN. The trust holds 159 shares of Class B Common Stock. This Class B stock is convertible, at the holder’s option, into Class A Common Stock on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 159 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What does the MSGS Form 3 filing by the Charles F. Dolan 2009 Family Trust report?
The Form 3 reports an initial insider ownership position of 159 shares of Madison Square Garden Sports Corp. Class B Common Stock held by the Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan, establishing its status as a reporting owner.
What type of security is reported in the MSGS Form 3 for the Dolan 2009 Family Trust?
The security reported is Class B Common Stock of Madison Square Garden Sports Corp. According to the filing footnote, each share of Class B Common Stock is convertible, at the holder’s option, into one share of Class A Common Stock on a share-for-share basis.
Does the MSGS Form 3 show any insider buying or selling by the Dolan 2009 Family Trust?
The Form 3 does not show explicit insider buying or selling activity. It records a holding of 159 shares of Class B Common Stock, with the transaction direction categorized as unknown and no purchase or sale amounts listed in the summary data.
Who is the reporting owner in the Madison Square Garden Sports (MSGS) Form 3?
The reporting owner is the CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN. The filing indicates this trust is part of a 13(d) group but is not listed as a director, officer, or ten-percent owner in this specific disclosure.
What does the conversion feature of MSGS Class B Common Stock mean for the Dolan 2009 Family Trust?
The filing notes that each share of Class B Common Stock can be converted, at the holder’s option, into one share of Class A Common Stock. This gives the trust flexibility to switch its 159 Class B shares into an equivalent number of Class A shares.