Sphere Entertainment (SPHR) director Joseph Lhota receives 1,173 RSU award

Rhea-AI Filing Summary

LHOTA JOSEPH reported acquisition or exercise transactions in this Form 4 filing.

Sphere Entertainment Co. director Joseph Lhota received a grant of 1,173 restricted stock units (RSUs). These RSUs were awarded under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors at an effective price of $0.00 per unit.

The RSUs are fully vested on the grant date and each unit represents a 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 award, Lhota directly holds 28,822 RSUs.

Insights

Equity compensation analyst

Routine director RSU grant with full vesting at grant.

Director Joseph Lhota received 1,173 restricted stock units as part of Sphere Entertainment Co.’s non-employee director compensation. The grant is priced at $0.00 per unit and is awarded under the 2020 Stock Plan for Non-Employee Directors.

The RSUs are fully vested on the grant date, meaning there are no service-based vesting conditions going forward. However, settlement into Class A Common Stock or cash occurs only after separation from service, adding a deferral element tied to board tenure.

After this grant, Lhota directly holds 28,822 RSUs. With no open derivative positions listed beyond these units, the filing reflects routine, compensation-related equity rather than an open-market trade, so its informational value for near-term trading sentiment is limited.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LHOTA JOSEPH

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,173	$0.00	--

Holdings After Transaction: Restricted Stock Units — 28,822 shares (Direct, null)

Footnotes (1)

1. Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 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.

Key Figures

RSUs granted: 1,173 units Grant price: $0.00 per unit RSUs after grant: 28,822 units +1 more

4 metrics

RSUs granted 1,173 units Restricted Stock Units awarded to director on grant date

Grant price $0.00 per unit Stated transaction price per restricted stock unit

RSUs after grant 28,822 units Total restricted stock units held directly following transaction

Settlement delay 90 days Settlement on first business day 90 days after separation from service

Key Terms

Restricted Stock Units, Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, separation from service

3 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors financial

"Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors"

separation from service financial

"settled in stock or in cash on the first business day 90 days after a separation from service"

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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^*

LHOTA JOSEPH

(Last) (First) (Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK NEW YORK 10121

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sphere Entertainment Co. [ SPHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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
Restricted Stock Units	(1)	06/10/2026		A		1,173		(2)	(2)	Class A Common Stock	1,173	$0	28,822	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 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/ Mark C. Cresitello, Attorney-in-Fact for Joseph Lhota	06/12/2026
	** 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 did Sphere Entertainment (SPHR) director Joseph Lhota report in this Form 4?

Joseph Lhota reported receiving 1,173 restricted stock units from Sphere Entertainment Co. The award is a compensation-related grant under the 2020 Stock Plan for Non-Employee Directors and does not involve any open-market purchase or sale of Class A Common Stock.

How many Sphere Entertainment (SPHR) RSUs does Joseph Lhota hold after this transaction?

After the reported grant, Joseph Lhota directly holds 28,822 restricted stock units. This total includes the new 1,173-unit award and represents his visible RSU position in the filing, giving investors a clearer picture of his deferred equity-based compensation exposure at Sphere Entertainment Co.

Are the 1,173 Sphere Entertainment (SPHR) RSUs granted to Joseph Lhota immediately vested?

Yes. The filing states the restricted stock units are fully vested on the date of grant. Although vesting is immediate, actual delivery of Class A Common Stock or cash occurs later, on the first business day 90 days after Lhota’s separation from service as a non-employee director.

When will Joseph Lhota’s Sphere Entertainment (SPHR) RSUs be settled?

The RSUs will be settled in shares of Class A Common Stock or cash on the first business day 90 days after Joseph Lhota’s separation from service. Until that settlement date, the units function as deferred compensation linked to his ongoing role as a non-employee director.

Does this Sphere Entertainment (SPHR) Form 4 show any stock sales or purchases by Joseph Lhota?

No. The Form 4 reflects a grant of 1,173 restricted stock units with a transaction code A, described as a grant, award, or other acquisition. It does not show any open-market buys or sells of Sphere Entertainment Class A Common Stock by Lhota.