Sphere Entertainment (SPHR) director receives 1,173 fully vested RSUs

Rhea-AI Filing Summary

LITVIN JOEL M. reported acquisition or exercise transactions in this Form 4 filing.

Sphere Entertainment Co. director Joel M. Litvin received a grant of 1,173 restricted stock units (RSUs) of Class A Common Stock as equity compensation. These RSUs are fully vested on the grant date and increase his reported RSU holdings to 25,256 units. Each RSU represents the right to receive one share or the cash equivalent, which will be delivered on the first business day 90 days after a separation from service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LITVIN JOEL M.

Role null

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

Holdings After Transaction: Restricted Stock Units — 25,256 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 RSU holdings after grant: 25,256 units Grant price per RSU: $0.00 +1 more

4 metrics

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

RSU holdings after grant 25,256 units Total restricted stock units following the reported transaction

Grant price per RSU $0.00 Equity award granted with no cash paid by director

Underlying security Class A Common Stock Each RSU represents right to one share or cash equivalent

Key Terms

Restricted Stock Units, 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.

2020 Stock Plan for Non-Employee Directors financial

"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

"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 →

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^*

LITVIN JOEL M.

(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	25,256	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 Joel M. Litvin	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 Joel M. Litvin?

Sphere Entertainment reported that director Joel M. Litvin received 1,173 restricted stock units. These RSUs are a form of equity compensation and are fully vested on the grant date, representing rights to future Class A Common Stock or cash.

How many restricted stock units does Joel M. Litvin hold after this SPHR Form 4?

After the reported grant, Joel M. Litvin holds 25,256 restricted stock units. This total reflects his updated position in RSUs, each representing a right to receive one share of Class A Common Stock or the cash equivalent in the future.

What are the key terms of the RSU grant reported by Sphere Entertainment (SPHR)?

The RSUs were granted at no cash cost under the 2020 Stock Plan for Non-Employee Directors. They are fully vested on the grant date and will be settled in stock or cash on the first business day 90 days after a separation from service.

How do the SPHR RSUs for Joel M. Litvin settle in the future?

Each RSU will be settled in either one share of Class A Common Stock or the cash equivalent. Settlement occurs on the first business day 90 days after Joel M. Litvin experiences a separation from service as described in the plan terms.

Under which plan were the SPHR RSUs for Joel M. Litvin granted?

The RSUs were granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended. This plan provides equity-based awards to non-employee directors, aligning their compensation with the company’s Class A Common Stock performance.