Dolan gets 1,173 RSUs at Sphere Entertainment (NYSE: SPHR)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DOLAN CHARLES P reported acquisition or exercise transactions in this Form 4 filing.

Sphere Entertainment Co. director Charles P. Dolan received a grant of 1,173 restricted stock units (RSUs) on June 10, 2026 under the company’s 2020 Stock Plan for Non-Employee Directors. The RSUs are fully vested at grant and each represents one share of Class A Common Stock or its cash equivalent. They will be settled in stock or cash on the first business day 90 days after a separation from service. Following this award, Dolan holds 20,327 RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DOLAN CHARLES P

Role null

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

Holdings After Transaction: Restricted Stock Units — 20,327 shares (Direct, null)

Footnotes (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 RSU price: $0.00 per unit RSUs after grant: 20,327 units +1 more

4 metrics

RSUs granted 1,173 units Restricted stock units granted on June 10, 2026

RSU price $0.00 per unit Grant/award acquisition, no cash paid by director

RSUs after grant 20,327 units Total restricted stock units held directly after 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

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

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

"RSU is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended"

separation from service financial

"will be 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 →

06/12/2026 - 04:05 PM

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^*

DOLAN CHARLES P

(Last)

(First)

(Middle)

TWO PENNSYLVANIA PLAZA

(Street)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/10/2026		A		1,173		⁽²⁾	⁽²⁾	Class A Common Stock	1,173	$0	20,327	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 Charles P. Dolan	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sphere Entertainment (SPHR) report for Charles P. Dolan?

Sphere Entertainment reported that director Charles P. Dolan received 1,173 restricted stock units as a grant. These RSUs are part of his board compensation and do not involve open-market buying or selling of shares, but a stock-based award from the company.

How many RSUs does Charles P. Dolan hold after this SPHR Form 4 filing?

After the latest grant, Charles P. Dolan holds 20,327 restricted stock units. Each RSU represents the right to receive one share of Sphere Entertainment Class A Common Stock or its cash equivalent, providing equity-based compensation linked to the company’s future performance.

Are the RSUs granted to Charles P. Dolan at Sphere Entertainment immediately vested?

Yes, the RSUs granted to Charles P. Dolan are fully vested on the grant date. Although vested immediately, they are not delivered right away; they will be settled in stock or cash only after his separation from service, subject to the plan terms.

When will Charles P. Dolan’s Sphere Entertainment RSUs be settled?

The RSUs will be settled on the first business day 90 days after a separation from service. At that time, Dolan will receive either shares of Sphere Entertainment Class A Common Stock or the cash equivalent, according to the plan’s settlement provisions.

What plan governs the RSU grant to Charles P. Dolan at Sphere Entertainment (SPHR)?

The grant is made under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended. This plan provides equity-based compensation in the form of RSUs, designed specifically for outside board members rather than company employees.