Trusts tied to Madison Square Garden Sports (MSGS) receive 17,000 shares

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. reported that trusts associated with Kathleen Margaret Dolan received 17,000 shares of Class B Common Stock on February 20, 2026 as partial repayment of a promissory note, valued at $326.83 per share based on Class A trading prices. After this transaction, the trusts held 1,839,989 Class B shares, which are convertible into Class A on a one-for-one basis. The filing states that Dolan serves as co-trustee and disclaims beneficial ownership of the securities held by the trusts.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DOLAN KATHLEEN MARGARET

Role Insider

Type	Security	Shares	Price	Value
Other	Clas B Common Stock	17,000	$0.00	--

Holdings After Transaction: Clas B Common Stock — 1,839,989 shares (Indirect, By Trusts)

Footnotes (1)

1. Madison Square Garden Sports Corp. Class B Common Stock ("Class B Common Stock") is convertible at the option of the holder on a share for share basis into Madison Square Garden Sports Corp. Class A Common Stock ("Class A Common Stock"). On February 20, 2026, a trust for which the Reporting Person is a trustee received the shares of Class B Common Stock in partial repayment of a promissory note. For purposes of the repayment, the shares were valued at $326.83 per share, the mean of the high and low trading price for the Class A Common Stock on February 20, 2026. Reflects securities held by trusts for which the Reporting Person serves as co-trustee. The Reporting Person disclaims beneficial ownership of all securities of Madison Square Garden Sports Corp. beneficially owned or deemed to be beneficially owned by the trusts and this filing shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

Form 4 Insider Transactions: What Each Field Means →

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 KATHLEEN MARGARET

(Last) (First) (Middle)

C/O RICHARD BACCARI

MLC VENTURES LLC, PO BOX 1014

(Street)

YORKTOWN HEIGHTS NY 10598

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Madison Square Garden Sports Corp. [ MSGS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 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

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
Clas B Common Stock	(1)	02/20/2026		J(2)		17,000		(1)	(1)	Class A Common Stock	17,000	(2)	1,839,989	I(3)	By Trusts

Explanation of Responses:

1. Madison Square Garden Sports Corp. Class B Common Stock ("Class B Common Stock") is convertible at the option of the holder on a share for share basis into Madison Square Garden Sports Corp. Class A Common Stock ("Class A Common Stock").

2. On February 20, 2026, a trust for which the Reporting Person is a trustee received the shares of Class B Common Stock in partial repayment of a promissory note. For purposes of the repayment, the shares were valued at $326.83 per share, the mean of the high and low trading price for the Class A Common Stock on February 20, 2026.

3. Reflects securities held by trusts for which the Reporting Person serves as co-trustee. The Reporting Person disclaims beneficial ownership of all securities of Madison Square Garden Sports Corp. beneficially owned or deemed to be beneficially owned by the trusts and this filing shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

	/s/ Richard Baccari, Attorney-in-fact	02/24/2026
	** 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.

FAQ

What did the MSGS Form 4 report for Kathleen Margaret Dolan?

The Form 4 reports that trusts associated with Kathleen Margaret Dolan received 17,000 shares of Class B Common Stock on February 20, 2026. These shares were received as partial repayment of a promissory note and are held indirectly through trusts.

How were the MSGS Class B shares valued in this transaction?

The 17,000 MSGS Class B shares were valued at $326.83 per share for repayment purposes. This value reflects the mean of the high and low trading prices of the Class A Common Stock on February 20, 2026, as described in the filing.

Who actually holds the MSGS Class B shares reported on the Form 4?

The MSGS Class B shares are held by trusts for which Kathleen Margaret Dolan serves as co-trustee. The filing notes that these securities are owned by the trusts, and it characterizes Dolan’s interest as indirect through her trustee role.

Does Kathleen Margaret Dolan claim beneficial ownership of the MSGS trust shares?

No. The filing states that Kathleen Margaret Dolan disclaims beneficial ownership of all MSGS securities held by the trusts. It also notes that the filing should not be considered an admission that she is the beneficial owner for any purpose.

Can MSGS Class B Common Stock be converted into Class A shares?

Yes. The filing explains that MSGS Class B Common Stock is convertible into Class A Common Stock on a share-for-share basis at the holder’s option. This means each Class B share can be exchanged for one Class A share if the holder chooses.

How many MSGS Class B shares did the trusts hold after the Form 4 transaction?

After receiving 17,000 additional shares, the trusts held 1,839,989 Class B Common Stock shares. This total reflects the indirect holdings reported for Kathleen Margaret Dolan in her capacity as co-trustee, as of the date of the transaction.