Kristin Dolan (NYSE: SPHR) receives 1,723 RSUs at Sphere Entertainment

Rhea-AI Filing Summary

Dolan Kristin A reported acquisition or exercise transactions in this Form 4 filing.

Sphere Entertainment Co. reported that director and significant shareholder Kristin A. Dolan received a grant of 1,723 Restricted Stock Units (RSUs) tied to Class A Common Stock under the company’s 2020 Stock Plan for Non-Employee Directors. Each RSU represents one share or its cash equivalent and was fully vested on the grant date. Following this award, Dolan holds 24,937 RSUs. The RSUs will be settled in stock or cash on the first business day 90 days after a separation from service. The securities are held by Kristin A. Dolan, and James L. Dolan, her spouse, expressly disclaims beneficial ownership of these securities.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dolan Kristin A, DOLAN JAMES LAWRENCE

Role Director, 10% Owner | Executive Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,723	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 24,937 shares (Direct)

Footnotes (3)

1. F1. 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. F2. 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.
3. F3. Securities are held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

Key Figures

RSUs granted: 1,723 units Grant price: $0.00 per unit RSUs after transaction: 24,937 units +1 more

4 metrics

RSUs granted 1,723 units Restricted Stock Units granted to Kristin A. Dolan on acquisition date

Grant price $0.00 per unit Compensation grant under 2020 Stock Plan for Non-Employee Directors

RSUs after transaction 24,937 units Total Restricted Stock Units held by Kristin A. Dolan following grant

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

Key Terms

Restricted Stock Units, Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, beneficial ownership, Section 16

4 terms

Restricted Stock Units financial

"received a grant of 1,723 Restricted Stock Units (RSUs) tied to Class A Common Stock"

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

beneficial ownership financial

"Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 16 regulatory

"this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Sphere Entertainment (SPHR) disclose?

Sphere Entertainment disclosed a grant of 1,723 Restricted Stock Units to director Kristin A. Dolan. These RSUs are compensation under the 2020 Stock Plan and are fully vested at grant, representing one share of Class A Common Stock or its cash equivalent per unit.

Who received the 1,723 RSU grant at Sphere Entertainment (SPHR)?

Director and significant shareholder Kristin A. Dolan received the 1,723 RSU grant. The award is issued under Sphere Entertainment’s 2020 Stock Plan for Non-Employee Directors and increases her total RSU holdings reported in this filing to 24,937 units after the transaction.

How and when will Kristin Dolan’s Sphere Entertainment RSUs be settled?

Kristin Dolan’s RSUs 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, providing deferred delivery of the value despite the RSUs being fully vested on the grant date.

Does James L. Dolan benefit from Kristin Dolan’s Sphere Entertainment RSUs?

The filing states the RSUs are held by Kristin A. Dolan, spouse of James L. Dolan. James L. Dolan expressly disclaims beneficial ownership of these securities, meaning the report should not be viewed as an admission that he is their beneficial owner for Section 16 purposes.

Are the 1,723 Sphere Entertainment RSUs an open-market purchase or a grant?

The 1,723 RSUs are a grant classified as a “Grant, award, or other acquisition,” not an open-market purchase. They are issued at a price of $0.00 per unit as part of Kristin A. Dolan’s director compensation under the company’s 2020 stock plan.

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 Kristin A

(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	X	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)

	Form filed by One Reporting Person
X	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		1,723		(2)	(2)	Class A Common Stock	1,723	$0	24,937	D(3)

1. Name and Address of Reporting Person^*

Dolan Kristin A

(Last) (First) (Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK NEW YORK 10121

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

DOLAN JAMES LAWRENCE

(Last) (First) (Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK NEW YORK 10121

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)	X	Other (specify below)
	Executive Chairman and CEO		Member of 13(d) Group

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.

3. Securities are held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Kristin A. Dolan	06/12/2026
	/s/ James L. 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)