Dolan family trust (NYSE: MSGS) receives 9,700 Class B shares in corrective transfer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Madison Square Garden Sports Corp. reported a corrective internal transfer involving its Class B Common Stock by the CHARLES F. DOLAN 2009 FAMILY TRUST FBO MARIANNE DOLAN WEBER. The trust received 9,700 additional shares of Class B Common Stock to fix an earlier administrative error tied to partial repayment of a promissory note.
These 9,700 shares were transferred from the Marianne E. Dolan Weber 2012 Descendants Trust, with no cash consideration and no open market trading involved. Following this adjustment, the reporting trust holds 436,260 shares of Class B Common Stock, which are convertible into Class A Common Stock on a one-for-one basis at the holder’s option.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHARLES F. DOLAN 2009 FAMILY TRUST FBO MARIANNE DOLAN WEBER
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 9,700 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 436,260 shares (Direct, null)
Footnotes (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"). Represents a corrective transfer to remedy an administrative error in the prior receipt of Class B Common Stock made in connection with the partial repayment of a promissory note. The original receipt of Class B Common Stock was reported on a Form 4 filed on February 24, 2026. Due to the administrative error, the Reporting Person received 9,700 too few shares of Class B Common Stock, and the Marianne E. Dolan Weber 2012 Descendants Trust received 9,700 excess shares of Class B Common Stock. This transfer corrects that error by transferring 9,700 shares of Class B Common Stock from the Marianne E. Dolan Weber 2012 Descendants Trust to the Reporting Person. No consideration was exchanged in connection with this transfer, and the transfer was not effected through any open market or trading transaction.
Key Figures
Corrective transfer: 9,700 shares
Post-transaction holdings: 436,260 shares
Conversion ratio: 1 Class B : 1 Class A
+1 more
4 metrics
Corrective transfer
9,700 shares
Class B Common Stock transferred between related trusts
Post-transaction holdings
436,260 shares
Class B Common Stock held by reporting trust after transfer
Conversion ratio
1 Class B : 1 Class A
Class B convertible into Class A Common Stock at holder’s option
Transaction classification code
Code J
Other acquisition or disposition / restructuring event
Key Terms
Class B Common Stock, Class A Common Stock, convertible, promissory note, +1 more
5 terms
Class B Common Stock financial
"Madison Square Garden Sports Corp. Class B Common Stock ("Class B Common Stock") is convertible at the option of the holder"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"into Madison Square Garden Sports Corp. Class A Common Stock ("Class A Common Stock")."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
convertible financial
"Class B Common Stock is convertible at the option of the holder on a share for share basis"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
promissory note financial
"made in connection with the partial repayment of a promissory note."
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
open market or trading transaction financial
"No consideration was exchanged in connection with this transfer, and the transfer was not effected through any open market or trading transaction."
FAQ
What insider transaction did MSGS report for the Dolan family trust?
Madison Square Garden Sports Corp. reported a corrective internal transfer, where the CHARLES F. DOLAN 2009 FAMILY TRUST FBO MARIANNE DOLAN WEBER received 9,700 additional Class B shares to fix an earlier administrative allocation error tied to a promissory note repayment.
Was the MSGS Dolan trust transaction an open market trade?
No, the 9,700-share transfer to the Dolan family trust was not an open market or trading transaction. The filing states it was a corrective transfer between related trusts with no consideration exchanged, solely to remedy a prior administrative allocation error.
What error did the latest MSGS insider filing correct?
The filing corrects an earlier administrative error where the reporting Dolan family trust received 9,700 too few Class B shares and the Marianne E. Dolan Weber 2012 Descendants Trust received 9,700 excess shares, both related to partial repayment of a promissory note.
Did the MSGS Dolan trust transaction involve a buy or sell decision?
The transaction is classified as an “other” restructuring event, not a traditional buy or sell. It reflects a corrective transfer between related trusts with no cash exchanged and no market trade, rather than a discretionary investment decision by the reporting trust.