Dolan 2009 Family Trust (MSGS) gets 20,406 Class B shares in note repayment

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. reported an insider transaction by the CHARLES F. DOLAN 2009 FAMILY TRUST FBO DEBORAH A. DOLAN-SWEENEY involving Class B Common Stock. On February 20, 2026, the trust received 20,406 Class B shares in partial repayment of a promissory note, valued at $326.83 per share based on the Class A trading price that day. Class B shares are convertible into Class A on a one-for-one basis. Following the transaction, the trust directly held 390,967 Class B shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CHARLES F. DOLAN 2009 FAMILY TRUST FBO DEBORAH A. DOLAN-SWEENEY

Role Insider

Type	Security	Shares	Price	Value
Other	Class B Common Stock	20,406	$0.00	--

Holdings After Transaction: Class B Common Stock — 390,967 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 2009 FAMILY TRUST FBO DEBORAH A. 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)		20,406		(1)	(1)	Class A Common Stock	20,406	(2)	390,967	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 2009 FAMILY TRUST FBO DEBORAH A. 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 insider transaction did the MSGS Dolan 2009 Family Trust report?

The CHARLES F. DOLAN 2009 FAMILY TRUST FBO DEBORAH A. DOLAN-SWEENEY reported an insider transaction involving Madison Square Garden Sports Corp. Class B Common Stock. It was coded as an "other acquisition or disposition" rather than a standard open-market buy or sell.

How many MSGS Class B shares were involved in this Form 4 filing?

The trust received 20,406 shares of Madison Square Garden Sports Corp. Class B Common Stock. These shares were received as part of a non-cash transaction, specifically as partial repayment of a promissory note, rather than through a regular stock market purchase.

At what value were the MSGS shares recorded in the promissory note repayment?

For the promissory note repayment, the Class B shares were valued at $326.83 per share. This valuation was based on the mean of the high and low trading prices of Madison Square Garden Sports Corp. Class A Common Stock on February 20, 2026.

What is the relationship between MSGS Class B and Class A Common Stock?

Madison Square Garden Sports Corp. Class B Common Stock is convertible into Class A Common Stock on a share-for-share basis. The holder may choose to convert Class B into Class A, providing flexibility in how the economic interest is ultimately held or traded.

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

After the reported transaction, the CHARLES F. DOLAN 2009 FAMILY TRUST directly held 390,967 shares of Madison Square Garden Sports Corp. Class B Common Stock. This figure reflects the updated direct ownership position following receipt of the 20,406 shares as promissory note repayment.

Was this MSGS insider transaction a traditional stock market buy or sell?

No, this was not a traditional open-market buy or sell. The transaction was coded "J" as an "other acquisition or disposition," reflecting that the trust received Class B shares as partial repayment of a promissory note rather than trading on the open market.