Trust tied to MSGS (NYSE: MSGS) receives Class B shares as note repayment

Rhea-AI Filing Summary

The Marianne E. Dolan Weber 2012 Descendants Trust, a member of a 13(d) group for Madison Square Garden Sports Corp., reported an "other" transaction involving 18,702 shares of Class B Common Stock on February 20, 2026.

According to the filing, the trust received these Class B shares as partial repayment of a promissory note, with the shares valued at $326.83 per share based on the mean of the high and low trading prices of the company’s Class A Common Stock on that date. The Class B Common Stock is convertible at the holder’s option into Class A Common Stock on a share-for-share basis, and the trust held 18,702 Class B shares following the transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Marianne E. Dolan Weber 2012 Descendants Trust

Role Insider

Type	Security	Shares	Price	Value
Other	Class B Common Stock	18,702	$0.00	--

Holdings After Transaction: Class B Common Stock — 18,702 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^*

Marianne E. Dolan Weber 2012 Descendants Trust

(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
Class B Common Stock	(1)	02/20/2026		J(2)		18,702		(1)	(1)	Class A Common Stock	18,702	(2)	18,702	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.

	MARIANNE E. DOLAN WEBER 2012 DESCENDANTS TRUST 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 did the Marianne E. Dolan Weber 2012 Descendants Trust report in this MSGS Form 4?

The trust reported an “other” transaction involving 18,702 shares of Madison Square Garden Sports Class B Common Stock. These shares were received on February 20, 2026 as partial repayment of a promissory note, rather than through an open-market purchase or sale.

How were the Madison Square Garden Sports (MSGS) shares valued in the trust’s Form 4 transaction?

For repayment purposes, each Class B share was valued at $326.83. This value was based on the mean of the high and low trading prices of Madison Square Garden Sports Class A Common Stock on February 20, 2026, as disclosed in the filing’s footnotes.

What type of Madison Square Garden Sports stock did the trust receive in this Form 4?

The trust received shares of Madison Square Garden Sports Class B Common Stock. The filing notes that each Class B share is convertible, at the option of the holder, into Class A Common Stock on a share-for-share basis, providing flexibility in how the position is held.

How many Madison Square Garden Sports Class B shares did the trust hold after the Form 4 transaction?

Following the transaction, the trust held 18,702 shares of Madison Square Garden Sports Class B Common Stock. The Form 4 shows this amount as the total Class B shares owned directly by the trust after receiving the stock as partial repayment of a promissory note.

Was the MSGS Form 4 transaction a buy or sell by the trust?

The transaction was classified under code J as “other acquisition or disposition,” not a standard buy or sell. The trust received Class B shares as partial repayment of a promissory note, so it reflects repayment in stock rather than a market trade.

What does the conversion feature of MSGS Class B Common Stock mean for the trust?

Each Class B share held by the trust can be converted into one Class A Common share at the holder’s option. This means the trust can switch into the more widely traded Class A Common Stock if desired, without changing the number of shares held.