Family trust tied to Madison Square Garden Sports (NYSE: MSGS) shifts 9,700 shares

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. reported a corrective trust transaction involving its Class B Common Stock. The Marianne E. Dolan Weber 2012 Descendants Trust transferred 9,700 shares of Class B Common Stock to the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber to fix an earlier administrative error in a prior stock receipt tied to partial repayment of a promissory note. The filing states that no consideration was exchanged and the move was not an open-market or trading transaction. After this adjustment, the reporting trust holds 9,002 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.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Marianne E. Dolan Weber 2012 Descendants Trust

Role null

Type	Security	Shares	Price	Value
Other	Class B Common Stock	9,700	$0.00	--

Holdings After Transaction: Class B Common Stock — 9,002 shares (Direct, null)

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 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 excess shares of Class B Common Stock, and the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber received 9,700 too few shares of Class B Common Stock. This transfer corrects that error by transferring 9,700 shares of Class B Common Stock from the Reporting Person to the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber. 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 Class B Common Stock Holdings after transfer: 9,002 shares Class B Common Stock Conversion ratio: 1 Class B share for 1 Class A share +1 more

4 metrics

Corrective transfer 9,700 shares Class B Common Stock Transferred between family trusts to correct prior allocation

Holdings after transfer 9,002 shares Class B Common Stock Shares held by Marianne E. Dolan Weber 2012 Descendants Trust after transaction

Conversion ratio 1 Class B share for 1 Class A share Class B Common Stock convertible into Class A at holder’s option

Consideration $0.00 No consideration exchanged for 9,700-share corrective transfer

Key Terms

Class B Common Stock, Class A Common Stock, promissory note, Form 4, +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.

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.

Form 4 regulatory

"The original receipt of Class B Common Stock was reported on a Form 4 filed on February 24, 2026."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

administrative error other

"Represents a corrective transfer to remedy an administrative error in the prior receipt of Class B Common Stock"

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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^*

Marianne E. Dolan Weber 2012 Descendants Trust

(Last) (First) (Middle)

C/O RICHARD BACCARI

MLC VENTURES LLC, PO BOX 1014

(Street)

YORKTOWN HEIGHTS NEW YORK 10598

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	06/01/2026		J(2)			9,700	(1)	(1)	Class A Common Stock	9,700	(2)	9,002	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 Garden Sports Corp. Class A Common Stock ("Class A Common Stock").

2. 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 excess shares of Class B Common Stock, and the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber received 9,700 too few shares of Class B Common Stock. This transfer corrects that error by transferring 9,700 shares of Class B Common Stock from the Reporting Person to the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber. No consideration was exchanged in connection with this transfer, and the transfer was not effected through any open market or trading transaction.

	MARIANNE E. DOLAN WEBER 2012 DESCENDANTS TRUST By: /s/ Brian G. Sweeney, Attorney-in-fact	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did MSGS report for the Marianne E. Dolan Weber 2012 Descendants Trust?

The trust reported a corrective transfer of 9,700 shares of Class B Common Stock to another family trust. This adjustment fixes an earlier administrative error in share allocation and did not involve any open-market trading or exchange of consideration.

How many MSGS shares does the reporting trust hold after this Form 4 transaction?

Following the corrective transfer, the Marianne E. Dolan Weber 2012 Descendants Trust holds 9,002 shares of Class B Common Stock. These shares remain outstanding in the trust’s direct holdings after the internal reallocation between related family trusts described in the Form 4.

Was any cash or consideration paid in the reported MSGS trust share transfer?

No. The filing states that no consideration was exchanged for the 9,700-share transfer. It was described as a corrective move to remedy an administrative error, not a market trade or value-based transaction between the related family trusts.

Did the MSGS Form 4 involve any open-market buying or selling of shares?

The Form 4 specifies that the transfer of 9,700 Class B shares was not effected through any open market or trading transaction. It was an internal corrective transfer between family trusts, rather than a purchase or sale on a public market.

What is the relationship between MSGS Class B and Class A Common Stock in this filing?

The filing notes that Class B Common Stock is convertible into Class A Common Stock on a one-for-one 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.

Why did MSGS report a restructuring count related to 9,700 shares in the Form 4 summary?

The transactionSummary shows a restructuring event for 9,700 shares, reflecting the internal corrective transfer between related trusts. It is categorized as an “other acquisition or disposition,” not a traditional buy or sell, and leaves overall economic exposure essentially unchanged.