Dolan family trust gets MSG Sports shares in repayment

Q: What is the Dolan 2009 Family Trust’s MSGS Class B share balance after the transaction?

Following the transaction, the CHARLES F. DOLAN 2009 FAMILY TRUST FBO KATHLEEN M. DOLAN directly holds 418,061 shares of Madison Square Garden Sports Class B Common Stock. This updated total includes the 12,500 shares received as partial repayment of the promissory note.

Madison Square Garden Sports Corp. reported that the CHARLES F. DOLAN 2009 FAMILY TRUST FBO KATHLEEN M. DOLAN received 12,500 shares of Class B Common Stock on February 20, 2026 in an “other” transaction.

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Rhea-AI Filing Summary

Madison Square Garden Sports Corp. reported that the CHARLES F. DOLAN 2009 FAMILY TRUST FBO KATHLEEN M. DOLAN received 12,500 shares of Class B Common Stock on February 20, 2026 in an “other” transaction. The shares were taken as partial repayment of a promissory note, valued at $326.83 per share for this repayment. After the transaction, the trust directly holds 418,061 Class B shares, which are convertible into Class A Common Stock on a one-for-one basis.

Insider Trade Summary

Other: 12,500 shares

Other 1 txn

Insider CHARLES F. DOLAN 2009 FAMILY TRUST FBO KATHLEEN M. DOLAN

Role Insider

Type	Security	Shares	Price	Value
Other	Class B Common Stock	12,500	$0.00	$0.00

Holdings After Transaction: Class B Common Stock — 418,061 contracts (Direct)

Footnotes (2)

F1. 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 Sports Corp. Class A Common Stock ("Class A Common Stock").
F2. 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.

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What did the MSGS Dolan 2009 Family Trust report on this Form 4?

The CHARLES F. DOLAN 2009 FAMILY TRUST FBO KATHLEEN M. DOLAN reported an “other” transaction involving 12,500 shares of Madison Square Garden Sports Class B Common Stock. These shares were received as partial repayment of a promissory note rather than through a market purchase or sale.

How many MSGS shares were involved in the Dolan trust transaction?

The transaction involved 12,500 shares of Madison Square Garden Sports Class B Common Stock. These shares were transferred to the trust as consideration for a loan repayment, increasing its direct holdings while not being classified as a standard open-market buy or sell transaction.

At what value were the MSGS shares recorded for the loan repayment?

For repayment purposes, the 12,500 Class B shares were valued at $326.83 per share. This figure reflects the mean of the high and low trading prices of Madison Square Garden Sports Class A Common Stock on February 20, 2026, as described in the filing’s footnote.

Can the reported MSGS Class B shares be converted into Class A shares?

Yes. The filing states that Madison Square Garden Sports Class B Common Stock is convertible into Class A Common Stock on a share-for-share basis at the option of the holder. This means each Class B share can be exchanged for one Class A share if the holder chooses.

Was this MSGS Dolan trust transaction a stock purchase or sale on the market?

No, the transaction was coded as “J,” meaning an other acquisition or disposition. The trust received shares as partial repayment of a promissory note, so it was a transfer for debt settlement rather than a traditional open-market purchase or sale of Madison Square Garden Sports stock.

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Accepted by SEC EDGAR 02/24/2026 - 06:30 PM EST

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 KATHLEEN M. DOLAN

(Last)

(First)

(Middle)

C/O RICHARD BACCARI

MLC VENTURES LLC, PO BOX 1014

(Street)

YORKTOWN HEIGHTS

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	02/20/2026		J⁽²⁾		12,500		⁽¹⁾	⁽¹⁾	Class A Common Stock	12,500	⁽²⁾	418,061	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 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 KATHLEEN M. DOLAN 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.

Source: View Original Filing on SEC EDGAR