MSG Sports SVP gets 389 shares in award vesting

Equity awards for the SVP, Controller and PAO vested into MSGS Class A shares, with part of the stock withheld to cover taxes.

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. (MSGS) reported that Christopher Ripp, SVP, Controller and PAO, had multiple equity awards vest and settle on September 15, 2026. A total of 389 shares of Class A Common Stock were acquired upon the vesting and settlement of RSUs and performance RSUs, and 139 shares of Class A Common Stock were withheld at $393.27 per share to satisfy related tax withholding obligations, all under the company’s 2015 Employee Stock Plan.

Insider Trade Summary

389 shares exercised/converted

Exercise 12 txns

Insider Ripp Christopher

Role SVP, Controller and PAO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1	51	$0.00	$0.00
Exercise	Restricted Stock Units F2	50	$0.00	$0.00
Exercise	Restricted Stock Units F3	75	$0.00	$0.00
Exercise	Restricted Stock Units F4	64	$0.00	$0.00
Exercise	Performance Restricted Stock Units F6	149	$0.00	$0.00
Exercise	Class A Common Stock F1	51	$0.00	$0.00
Exercise	Class A Common Stock F2	50	$0.00	$0.00
Exercise	Class A Common Stock F3	75	$0.00	$0.00
Exercise	Class A Common Stock F4	64	$0.00	$0.00
Tax Withholding	Class A Common Stock F5	86	$393.27	$34K
Exercise	Class A Common Stock F6	149	$0.00	$0.00
Tax Withholding	Class A Common Stock F7	53	$393.27	$21K

Holdings After Transaction: Restricted Stock Units — 329 contracts (Direct); Performance Restricted Stock Units — 0 contracts (Direct); Class A Common Stock — 329.324 shares (Direct)

Footnotes (7)

1. F1. Each restricted stock unit ("RSU") was granted on August 28, 2023 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs vested and were settled on September 15, 2026.
2. F2. Each RSU was granted on August 29, 2024 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2025. One-third of the RSUs vested and were settled on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.
3. F3. Each RSU was granted on August 21, 2025 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.
4. F4. Each RSU was granted on April 16, 2026 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.
5. F5. Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
6. F6. Each performance restriced stock unit ("PSU") was granted on August 28, 2023 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 26, 2026 and the PSUs vested and were settled on September 15, 2026.
7. F7. Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 6, exempt under Rule 16b-3.

Key Figures

Shares acquired via RSU/PSU vesting: 389 shares Shares withheld for taxes (RSUs and PSUs): 139 shares Tax withholding share price: $393.27 per share +2 more

5 metrics

Shares acquired via RSU/PSU vesting 389 shares Class A Common Stock received upon vesting and settlement on September 15, 2026

Shares withheld for taxes (RSUs and PSUs) 139 shares Shares withheld to satisfy tax withholding obligations on September 15, 2026

Tax withholding share price $393.27 per share Price applied to 86 and 53 withheld shares on September 15, 2026

PSU shares vested and settled 149 shares Performance RSUs granted August 28, 2023; performance met August 26, 2026; vested September 15, 2026

2015 Employee Stock Plan grants 4 RSU/PSU grants Awards dated August 28, 2023; August 29, 2024; August 21, 2025; April 16, 2026

Key Terms

restricted stock unit, Performance restricted stock unit, 2015 Employee Stock Plan, Rule 16b-3

4 terms

restricted stock unit financial

"Each restricted stock unit ("RSU") was granted on August 28, 2023"

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.

Performance restricted stock unit financial

"Each performance restriced stock unit ("PSU") was granted on August 28, 2023"

2015 Employee Stock Plan financial

"under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan"

Rule 16b-3 regulatory

"exempt under Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

FAQ

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

What insider equity activity did MSGS report for Christopher Ripp on September 15, 2026?

On September 15, 2026, 389 shares of MSGS Class A Common Stock were acquired by Christopher Ripp through the vesting and settlement of RSUs and performance RSUs, with 139 shares withheld to cover tax obligations.

How many Madison Square Garden Sports Corp. (MSGS) RSU-related shares vested for Christopher Ripp?

RSUs and performance RSUs for Christopher Ripp resulted in 389 shares of MSGS Class A Common Stock being issued upon vesting and settlement on September 15, 2026, including grants originally made in 2023, 2024, 2025 and 2026 under the 2015 Employee Stock Plan.

How many MSGS shares were withheld for taxes in this Form 4 filing?

A total of 139 shares of MSGS Class A Common Stock were withheld on September 15, 2026 to satisfy tax withholding obligations: 86 shares related to RSU vesting and 53 shares related to performance RSU vesting, each at $393.27 per share.

What is the vesting schedule of the 2024 RSU grant reported for MSGS?

The 2024 RSU grant, made on August 29, 2024, vests and settles in three equal parts: one-third on September 15, 2025, one-third on September 15, 2026, and the remaining one-third scheduled for September 15, 2027.

When did the performance conditions for Christopher Ripp’s MSGS PSUs get satisfied?

The performance conditions for the performance restricted stock units were satisfied on August 26, 2026, and the PSUs then vested and were settled into 149 shares of Class A Common Stock on September 15, 2026.

Were the MSGS insider transactions made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not checked, so the reported transactions are not affirmed as having been made under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 04:06 PM Accepted by SEC EDGAR 09/17/2026 - 04:05 PM 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^*

Ripp Christopher

(Last) (First) (Middle)

2 PENN PLAZA

(Street)

NEW YORK NEW YORK 10121

(City) (State) (Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)		Other (specify below)
	SVP, Controller and PAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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
Class A Common Stock	09/15/2026		M		51	A	$0(1)	130.324	D
Class A Common Stock	09/15/2026		M		50	A	$0(2)	180.324	D
Class A Common Stock	09/15/2026		M		75	A	$0(3)	255.324	D
Class A Common Stock	09/15/2026		M		64	A	$0(4)	319.324	D
Class A Common Stock	09/15/2026		F(5)		86	D	$393.27	233.324	D
Class A Common Stock	09/15/2026		M		149	A	$0(6)	382.324	D
Class A Common Stock	09/15/2026		F(7)		53	D	$393.27	329.324	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
Restricted Stock Units	(1)	09/15/2026		M			51	(1)	09/15/2026	Class A Common Stock	51	$0	0	D
Restricted Stock Units	(2)	09/15/2026		M			50	(2)	09/15/2027	Class A Common Stock	50	$0	50	D
Restricted Stock Units	(3)	09/15/2026		M			75	(3)	09/15/2028	Class A Common Stock	75	$0	151	D
Restricted Stock Units	(4)	09/15/2026		M			64	(4)	09/15/2028	Class A Common Stock	64	$0	128	D
Performance Restricted Stock Units	(6)	09/15/2026		M			149	(6)	09/15/2026	Class A Common Stock	149	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") was granted on August 28, 2023 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs vested and were settled on September 15, 2026.

2. Each RSU was granted on August 29, 2024 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2025. One-third of the RSUs vested and were settled on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.

3. Each RSU was granted on August 21, 2025 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.

4. Each RSU was granted on April 16, 2026 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.

5. Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.

6. Each performance restriced stock unit ("PSU") was granted on August 28, 2023 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 26, 2026 and the PSUs vested and were settled on September 15, 2026.

7. Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 6, exempt under Rule 16b-3.

	/s/ Mark C. Cresitello, as Attorney-in-fact for Christopher Ripp	09/17/2026
	** 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).
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* Form 4: SEC 1474 (03-26)