Nelson Peltz (MSGS) granted restricted stock units as director fees

Rhea-AI Filing Summary

PELTZ NELSON reported acquisition or exercise transactions in this Form 4 filing.

Madison Square Garden Sports Corp. director Nelson Peltz received an equity-based compensation award. He was granted 265 restricted stock units on Class A Common Stock at a price of $0.00 per unit as director fees under the company’s 2015 Stock Plan for Non-Employee Directors.

The RSUs are fully vested at grant and each unit represents the right to receive one share of Class A Common Stock or the cash equivalent. Settlement will occur in stock or cash on the first business day 90 days after a separation from service. Following this grant, Peltz holds 9,374 RSUs and 506 shares of Class A Common Stock directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider PELTZ NELSON

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	265	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 9,374 shares (Direct); Class A Common Stock — 506 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees 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. 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 a separation from service.

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^*

PELTZ NELSON

(Last) (First) (Middle)

223 SUNSET AVENUE

(Street)

PALM BEACH FL 33480

(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)
02/17/2026

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
Class A Common Stock								506	D

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)	02/17/2026		A		265		(2)	(2)	Class A Common Stock	265	$0	9,374	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted in lieu of cash compensation otherwise payable as director fees 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 a separation from service.

	/s/ Daniel R. Marx, Attorney-In-Fact for Nelson Peltz	02/19/2026
	** 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 Nelson Peltz report at Madison Square Garden Sports (MSGS)?

Nelson Peltz reported an award of 265 restricted stock units in Madison Square Garden Sports. These units were granted as non-cash director compensation and are fully vested on the grant date, adding to his existing RSU holdings under the company’s 2015 Stock Plan for Non-Employee Directors.

How many restricted stock units did Nelson Peltz receive from MSGS?

Nelson Peltz received 265 restricted stock units from Madison Square Garden Sports. Each RSU represents a right to one share of Class A Common Stock or the cash equivalent, and the grant was issued in lieu of cash director fees under the company’s 2015 stock plan.

What are the vesting terms for Nelson Peltz’s new MSGS restricted stock units?

The 265 restricted stock units granted to Nelson Peltz are fully vested on the grant date. They will be settled in stock or cash on the first business day 90 days after a separation from service, aligning settlement with the end of his board service rather than the grant date.

How and when will Nelson Peltz’s MSGS restricted stock units be settled?

Nelson Peltz’s restricted stock units will be settled in either Class A Common Stock or cash. Settlement occurs on the first business day 90 days after a separation from service, meaning he receives value only after leaving his director role, not immediately at grant.

What are Nelson Peltz’s MSGS equity holdings after this Form 4 filing?

After this filing, Nelson Peltz directly holds 9,374 restricted stock units and 506 shares of Madison Square Garden Sports Class A Common Stock. The RSUs reflect deferred director compensation, while the common shares represent his current direct equity stake in the company’s stock.

Why did Nelson Peltz receive restricted stock units instead of cash from MSGS?

The restricted stock units were granted in lieu of cash compensation for director fees under Madison Square Garden Sports’ 2015 Stock Plan for Non-Employee Directors. This structure converts board fees into equity-based awards, aligning director compensation with the company’s stock performance over time.