Trust linked to MSGS (NYSE: MSGS) gets 17,000 Class B shares

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. trust reports in-kind share repayment. On February 20, 2026, the CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY received 17,000 shares of Class B Common Stock as partial repayment of a promissory note, valued at $326.83 per share. The Class B shares are convertible into Class A stock on a one-for-one basis, and the trust now holds 323,327 Class B shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY

Role Insider

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

Holdings After Transaction: Class B Common Stock — 323,327 shares (Direct)

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, the Reporting Person 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.

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^*

CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY

(Last) (First) (Middle)

PO BOX 509

(Street)

OYSTER BAY NY 11771

(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
Class B Common Stock	(1)	02/20/2026		J(2)		17,000		(1)	(1)	Class A Common Stock	17,000	(2)	323,327	D

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, the Reporting Person 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.

	CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY By: /s/ Brian G. Sweeney, 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 transaction did the MSGS-related trust report on this Form 4 for MSGS?

The trust reported receiving 17,000 MSGS Class B Common shares as partial repayment of a promissory note. The shares were received on February 20, 2026 and valued at $326.83 per share for repayment purposes.

How many MSGS Class B shares does the Dolan children trust hold after this transaction?

After the transaction, the CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY holds 323,327 MSGS Class B Common shares. This figure reflects the position directly following receipt of the 17,000 shares used to repay part of the promissory note.

At what price were the MSGS shares valued for the promissory note repayment?

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

Are MSGS Class B shares received by the trust convertible into Class A shares?

Yes. MSGS Class B Common Stock is convertible into MSGS Class A Common Stock on a share-for-share basis at the option of the holder. This means each Class B share can be turned into one Class A share under the stated terms.

Was the Form 4 transaction a typical open-market buy or sell of MSGS stock?

No. The Form 4 characterizes the transaction as an “other” acquisition or disposition. The 17,000 MSGS Class B shares were received in kind as partial repayment of a promissory note, not through an open-market purchase or sale.