[Form 4] Madison Square Garden Sports Corp. Insider Trading Activity

Rhea-AI Filing Summary

Insider grant of restricted stock units to an executive. David Granville-Smith, Executive Vice President and director of Madison Square Garden Sports Corp. (MSGS), was granted 4,256 restricted stock units (RSUs) on 08/21/2025 under the companys 2015 Employee Stock Plan. Each RSU represents a right to receive one share of Class A Common Stock or a cash equivalent. The RSUs vest and will settle in three equal installments on September 15, 2026, September 15, 2027, and September 15, 2028. Following the grant, Mr. Granville-Smith beneficially owns 4,256 shares (direct). The form was signed by an attorney-in-fact on 08/25/2025.

Positive

• Grant specifies clear vesting schedule: RSUs vest in three equal installments on September 15, 2026, 2027 and 2028.
• One-for-one conversion: Each RSU represents the right to receive one share of Class A Common Stock (or cash equivalent).
• Documented under established plan: Award granted under the Madison Square Garden Sports Corp. 2015 Employee Stock Plan.

Negative

• None.

Insights

Compensation Analyst

TL;DR: Routine executive equity grant designed to deliver shares over three years.

The filing documents a time-based equity award of 4,256 RSUs to an executive under the 2015 Employee Stock Plan. Each RSU converts to one share or cash equivalent and vests in three equal installments across 202628, indicating a standard retention and alignment structure rather than a performance-contingent award. The reported ownership after the grant is 4,256 shares, held directly. No cash payout, acceleration, or performance metrics are disclosed in this form.

Corporate Governance Expert

TL;DR: A routine disclosure of an insider equity grant with straight time-based vesting.

The Form 4 shows an officer and director receiving RSUs pursuant to the companys long-standing equity plan. The instruments terms disclosed here are limited to unit count, conversion parity to Class A shares, and vesting dates. The filing does not indicate any change in voting power or indirect ownership structures and contains no evidence of related-party transactions beyond the insider grant itself.

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
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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^*

Granville-Smith David

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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)	08/21/2025		A		4,256		(2)	09/15/2028	Class A Common Stock	4,256	$0.0	4,256	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted under the Madison Square Garden Sports Corp. 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

2. The RSUs are scheduled to vest and settle in three equal installments on September 15, 2026, September 15, 2027 and September 15, 2028.

	/s/ Mark C. Cresitello, Attorney-in-Fact for David Granville-Smith	08/25/2025
	** 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.

FAQ

How many RSUs were granted to David Granville-Smith (MSGS)?

The filing reports a grant of 4,256 RSUs to David Granville-Smith.

What is the vesting schedule for the RSUs granted to the MSGS executive?

The RSUs vest and settle in three equal installments on September 15, 2026, September 15, 2027, and September 15, 2028.

What does each RSU represent in the MSGS Form 4?

Each RSU represents a right to receive one share of Class A Common Stock or the cash equivalent.

What ownership is reported following the transaction?

Following the reported transaction, the filing shows 4,256 shares beneficially owned and held directly by the reporting person.

When was the transaction and when was the Form 4 signed?

The transaction date is 08/21/2025 and the Form 4 bears a signature by an attorney-in-fact dated 08/25/2025.