Dolan 2009 Family Trust gets MSGS stock in note repayment

Rhea-AI Filing Summary

The CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN reported an “other” transaction in Madison Square Garden Sports Corp. Class B Common Stock. On February 20, 2026, the trust received 15,406 shares of Class B stock as partial repayment of a promissory note, valued at $326.83 per share based on the mean trading price of Class A shares that day. After this transaction, the trust directly held 15,565 Class B shares, which are convertible into Class A shares on a one-for-one basis at the holder’s option.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN

Role Insider

Type	Security	Shares	Price	Value
Other	Class B Common Stock	15,406	$0.00	--

Holdings After Transaction: Class B Common Stock — 15,565 shares (Direct)

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"). On February 20, 2026, the Reporting Person received the shares of Class B Common Stock in partial repayment of a promissory note. For purposes of the repayment, the shares were valued at $326.83 per share, the mean of the high and low trading price for the Class A Common Stock on February 20, 2026.

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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^*

CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN

(Last) (First) (Middle)

C/O DOLAN FAMILY OFFICE

340 CROSSWAYS PARK DRIVE

(Street)

WOODBURY NY 11797

(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
	Officer (give title below)	X	Other (specify below)
			Member of 13(d) Group

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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
Class B Common Stock	(1)	02/20/2026		J(2)		15,406		(1)	(1)	Class A Common Stock	15,406	(2)	15,565	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. On February 20, 2026, the Reporting Person received the shares of Class B Common Stock in partial repayment of a promissory note. For purposes of the repayment, the shares were valued at $326.83 per share, the mean of the high and low trading price for the Class A Common Stock on February 20, 2026.

	CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN By: /s/ Brian G. Sweeney, Attorney-in-fact	02/24/2026
	** 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 report for the Charles F. Dolan 2009 Family Trust?

The trust reported an “other” transaction involving Madison Square Garden Sports Corp. Class B Common Stock. It received 15,406 Class B shares on February 20, 2026 as partial repayment of a promissory note, rather than through an open-market purchase or sale.

How many MSGS Class B shares did the Dolan 2009 Family Trust receive?

The trust received 15,406 Class B shares of Madison Square Garden Sports Corp. stock. These shares were transferred as partial repayment of a promissory note and were not acquired in a traditional market trade, according to the Form 4 disclosure and related footnotes.

At what price were the MSGS shares valued in the trust’s Form 4 transaction?

For repayment purposes, the Class B shares were valued at $326.83 per share. This value reflects the mean of the high and low trading prices of Madison Square Garden Sports Corp. Class A Common Stock on February 20, 2026, as stated in the filing footnote.

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

Madison Square Garden Sports Corp. Class B Common Stock is convertible into Class A Common Stock. The conversion is at the option of the holder on a one-for-one share basis, allowing each Class B share to be exchanged for one Class A share if the holder chooses.

How many MSGS Class B shares did the Dolan 2009 Family Trust hold after the transaction?

After the reported transaction, the trust directly held 15,565 shares of Madison Square Garden Sports Corp. Class B Common Stock. This total incorporates the 15,406 shares received as partial repayment of the promissory note on February 20, 2026, according to the ownership table.

Was the MSGS Form 4 transaction a buy or sell by the Dolan 2009 Family Trust?

The transaction is classified as an “other” acquisition or disposition, not a standard buy or sell. The trust received Class B shares as partial repayment of a promissory note, so no open-market purchase or sale price was involved beyond the valuation reference.