Director at Madison Square Garden Sports (NYSE: MSGS) gets RSUs

Rhea-AI Filing Summary

SEIDENBERG IVAN G reported acquisition or exercise transactions in this Form 4 filing.

Madison Square Garden Sports Corp. director Ivan G. Seidenberg received a grant of 353 restricted stock units as compensation. The award was given in lieu of cash director fees and increases his directly held restricted stock units to 7,873. Each unit represents the right to receive one share of Class A common stock or its cash equivalent. The units are fully vested on the grant date and will be settled in stock or cash on the first business day 90 days after his separation from service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SEIDENBERG IVAN G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	353	$0.00	--

Holdings After Transaction: Restricted Stock Units — 7,873 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees under the Madison Square Garden Sports Corp. 2015 Stock Plan for Non-Employee Directors, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after a separation from service.

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

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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^*

SEIDENBERG IVAN G

(Last) (First) (Middle)

TWO PENN PLAZA

(Street)

NEW YORK NY 10121

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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
Restricted Stock Units	(1)	02/17/2026		A		353		(2)	(2)	Class A Common Stock	353	$0.0	7,873	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees under the Madison Square Garden Sports Corp. 2015 Stock Plan for Non-Employee Directors, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

2. The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after a separation from service.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Ivan G. Seidenberg	02/19/2026
	** 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 MSGS director Ivan Seidenberg report?

Ivan G. Seidenberg reported receiving 353 restricted stock units as director compensation. The grant was made in lieu of cash fees and is fully vested, adding to his existing holdings under the company’s non-employee director stock plan.

How many restricted stock units does the MSGS director hold after this grant?

After this award, Ivan G. Seidenberg holds 7,873 restricted stock units. These units represent rights to receive shares of Madison Square Garden Sports Class A common stock or the cash equivalent, subject to settlement terms linked to his eventual separation from service.

Are the newly granted MSGS restricted stock units vested immediately?

Yes, the restricted stock units granted to Ivan G. Seidenberg are fully vested on the grant date. Although they vest immediately, they will only be settled in stock or cash after his separation from service, following a specified 90-day waiting period.

When will Ivan Seidenberg’s MSGS restricted stock units be settled?

The restricted stock units will be settled in stock or cash on the first business day 90 days after Ivan G. Seidenberg separates from service. This defers the actual delivery of value while aligning settlement with the end of his board service.

How are MSGS director fees structured for Ivan Seidenberg?

For Ivan G. Seidenberg, certain director fees are paid in restricted stock units instead of cash. Each unit represents a right to receive one share of Class A common stock or cash, providing equity-linked compensation aligned with Madison Square Garden Sports’ stock plan for non-employee directors.