Director Debra Perelman receives 1,833 RSUs at Sphere Entertainment (SPHR)

Rhea-AI Filing Summary

Perelman Debra Golding reported acquisition or exercise transactions in this Form 4 filing.

Sphere Entertainment Co. director Debra Golding Perelman received a grant of 1,833 Restricted Stock Units under the company’s 2020 Stock Plan for Non-Employee Directors. These RSUs are fully vested on the grant date and each represents one share of Class A Common Stock or its cash equivalent. After this award, she holds 6,230 RSUs in total, which will be settled in stock or cash on the first business day 90 days after a separation from service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Perelman Debra Golding

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,833	$0.00	--

Holdings After Transaction: Restricted Stock Units — 6,230 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: 1,833 RSUs Total RSUs after grant: 6,230 RSUs RSU-to-share ratio: 1 RSU : 1 Class A share +1 more

4 metrics

RSUs granted 1,833 RSUs Grant on 2026-06-10 to non-employee director

Total RSUs after grant 6,230 RSUs Holdings following reported Form 4 transaction

RSU-to-share ratio 1 RSU : 1 Class A share Each RSU represents one share or cash equivalent

Settlement timing First business day 90 days after separation RSU settlement schedule for director award

Key Terms

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

4 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

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

Class A Common Stock financial

"represents a right to receive one share of Class A Common Stock or the cash equivalent thereof"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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^*

Perelman Debra Golding

(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		1,833		(2)	(2)	Class A Common Stock	1,833	$0	6,230	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 Debra G. Perelman	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 insider transaction did Sphere Entertainment (SPHR) report for Debra Golding Perelman?

Sphere Entertainment reported that director Debra Golding Perelman received 1,833 Restricted Stock Units. The RSUs were granted under the 2020 Stock Plan for Non-Employee Directors and are fully vested on the grant date, increasing her total RSU holdings to 6,230.

How many Sphere Entertainment (SPHR) RSUs does Debra Golding Perelman hold after this grant?

After the new award, Debra Golding Perelman holds 6,230 Restricted Stock Units. This total reflects the addition of 1,833 newly granted RSUs, all issued under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as disclosed in the Form 4 filing.

What does each Sphere Entertainment (SPHR) RSU granted to Debra Golding Perelman represent?

Each RSU granted to Debra Golding Perelman represents a right to receive one share of Sphere Entertainment Class A Common Stock or the cash equivalent. The units were issued under the 2020 Stock Plan for Non-Employee Directors and are fully vested as of the grant date.

When will Debra Golding Perelman’s Sphere Entertainment (SPHR) RSUs be settled?

Her RSUs will be settled in stock or cash on the first business day 90 days after a separation from service. Although they are fully vested at grant, actual delivery of shares or cash occurs only after that separation-based settlement date.

Are Debra Golding Perelman’s Sphere Entertainment (SPHR) RSUs immediately exercisable or subject to vesting?

The RSUs reported for Debra Golding Perelman are fully vested on the grant date, meaning there is no ongoing vesting schedule. However, settlement into Class A Common Stock or cash occurs later, following separation from service and the specified 90-day timing.