Madison Square Garden Sports grants 727 RSUs to director Mills

Madison Square Garden Sports Corp. reported an equity award for director Stephen Mills.

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. reported an equity award for director Stephen Mills. On 12/08/2025, he received 727 restricted stock units (RSUs) under the Madison Square Garden Sports Corp. 2015 Stock Plan for Non-Employee Directors. Each RSU represents the right to receive one share of Class A Common Stock or the cash equivalent, at an exercise price of $0.

The RSUs are fully vested on the grant date and will be settled in stock or cash on the first business day 90 days after Mills separates from service. Following this grant, he beneficially owns 5,347 derivative securities, held directly. This is a routine director compensation grant rather than an open-market share purchase or sale.

Insider Trade Summary

Grant/Award: 727 shares

Grant/Award 1 txn

Insider Mills Stephen

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	727	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 5,347 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") is granted 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. F2. 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 separation from service.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MSGS report for Stephen Mills?

The company reported that director Stephen Mills received 727 restricted stock units (RSUs) on 12/08/2025 as part of director compensation.

What do the 727 restricted stock units for MSGS represent?

Each of the 727 RSUs granted to Stephen Mills represents a right to receive one share of Madison Square Garden Sports Corp. Class A Common Stock or the cash equivalent.

When do Stephen Mills MSGS RSUs vest and settle?

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

How many derivative securities does Stephen Mills beneficially own in MSGS after this grant?

After the reported transaction, Stephen Mills beneficially owns 5,347 derivative securities related to Madison Square Garden Sports Corp., held directly.

Under which plan were the MSGS RSUs granted to Stephen Mills?

The RSUs were granted under the Madison Square Garden Sports Corp. 2015 Stock Plan for Non-Employee Directors, as amended.

Is the MSGS Stephen Mills Form 4 a stock sale or a compensation grant?

The Form 4 reflects a compensation grant of restricted stock units to director Stephen Mills, not an open-market purchase or sale of MSGS shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/10/2025 - 04:15 PM Learn about SEC filing dates

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^*

Mills Stephen

(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)
12/08/2025

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)	12/08/2025		A		727		(2)	(2)	Class A Common Stock	727	$0	5,347	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted 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 separation from service.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Stephen Mills	12/10/2025
	** 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.