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Trust linked to MSGS (NYSE: MSGS) repaid with 18,703 Class B shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. reported that the CFD 2010 Grandchildren Trust for descendants of Marianne E. Dolan Weber entered into an "other" transaction involving Class B Common Stock. On February 20, 2026, the trust received 18,703 shares of Class B Common Stock as partial repayment of a promissory note.

For this repayment, the shares were valued at $326.83 per share, based on the mean of the high and low trading prices of the Class A Common Stock on that date. Each share of Class B Common Stock is convertible at the holder’s option into one share of Class A Common Stock.

Positive

  • None.

Negative

  • None.

Insights

Trust receives MSGS stock as loan repayment, not an open-market trade.

The reporting entity is the CFD 2010 Grandchildren Trust, which received 18,703 shares of Madison Square Garden Sports Class B Common Stock on February 20, 2026. The Form 4 labels this as an "other acquisition or disposition" rather than a standard market buy or sell.

The shares were used to repay part of a promissory note and were valued at $326.83 per share, using the mean of the high and low trading prices of the Class A shares on that date. Each Class B share is convertible into one Class A share, so this repayment effectively transfers economic exposure in equity form instead of cash.

Insider CFD 2010 GRANDCHILDREN TRUST FBO DESCENDANTS OF MARIANNE E. DOLAN WEBER
Role Insider
Type Security Shares Price Value
Other Class B Common Stock 18,703 $0.00 --
Holdings After Transaction: Class B Common Stock — 18,703 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 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*
CFD 2010 GRANDCHILDREN TRUST FBO DESCENDANTS OF MARIANNE E. DOLAN WEBER
(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) 18,703 (1) (1) Class A Common Stock 18,703 (2) 18,703 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.
CFD 2010 GRANDCHILDREN TRUST FBO DESCENDANTS OF MARIANNE E. DOLAN WEBER 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

FAQ

What did the CFD 2010 Grandchildren Trust report in the MSGS Form 4 filing?

The CFD 2010 Grandchildren Trust reported receiving 18,703 shares of Madison Square Garden Sports Class B Common Stock. The shares were received on February 20, 2026 as partial repayment of a promissory note, classified as an "other acquisition or disposition."

How were the MSGS shares valued in the trust’s Form 4 transaction?

The shares were valued at $326.83 per share for repayment purposes. This value equals 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 footnote.

What type of stock did the CFD 2010 Grandchildren Trust receive from MSGS?

The trust received Class B Common Stock of Madison Square Garden Sports Corp. According to the filing, each Class B share is convertible at the holder’s option into one share of the company’s Class A Common Stock on a share-for-share basis.

Was the MSGS Form 4 transaction a buy or sell by the CFD 2010 Grandchildren Trust?

The Form 4 classifies the event as an "other acquisition or disposition", not a standard buy or sell. The trust received 18,703 Class B shares as partial repayment of a promissory note rather than through an open-market purchase or sale.

What is the significance of the conversion feature on MSGS Class B Common Stock?

Each share of Class B Common Stock is convertible at the holder’s option into one share of Class A Common Stock. This means the 18,703 Class B shares received can be exchanged into the more widely traded Class A shares on a one-for-one basis.

Who is the reporting person in the MSGS Form 4 transaction?

The reporting person is the CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber. The filing identifies this trust as a member of a 13(d) group and shows it holding the 18,703 Class B shares directly after the transaction.