Sphere Entertainment (NYSE: SPHR) grants 7,527 RSUs to EVP

Rhea-AI Filing Summary

Sphere Entertainment Co. reported that Executive Vice President David Granville-Smith received a grant of 7,527 Restricted Stock Units (RSUs) under the company’s 2020 Employee Stock Plan. Each RSU represents one share of Class A Common Stock or the cash equivalent.

The RSUs are scheduled to vest and settle in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Following this award, Granville-Smith is reported as directly holding 7,527 RSUs, highlighting a compensation-based, non-market acquisition rather than an open-market share purchase or sale.

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

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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^*

Granville-Smith David

(Last) (First) (Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK NY 10121

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	03/11/2026		A		7,527		(2)	03/15/2029	Class A Common Stock	7,527	$0	7,527	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

2. The RSUs are scheduled to vest and settle in three equal installments on March 15, 2027, March 15, 2028 and March 15, 2029.

	/s/ Mark C. Cresitello, Attorney-in-Fact for David Granville-Smith	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Sphere Entertainment (SPHR) disclose in this Form 4 filing?

Sphere Entertainment disclosed a grant of 7,527 Restricted Stock Units (RSUs) to Executive Vice President David Granville-Smith. These RSUs are part of equity compensation and will vest over time, rather than reflecting an open-market stock purchase or sale.

How many RSUs did Sphere Entertainment’s EVP receive in the latest SPHR Form 4?

David Granville-Smith received 7,527 Restricted Stock Units (RSUs). The award is structured so that each RSU represents one share of Class A Common Stock or its cash equivalent, aligning executive compensation with future company performance as the units vest over several years.

When do the granted RSUs for Sphere Entertainment (SPHR) vest?

The RSUs vest and settle in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. This multi-year schedule encourages long-term alignment between the executive’s compensation and Sphere Entertainment’s ongoing business and share performance.

Is the SPHR Form 4 transaction a stock purchase or sale by the executive?

No, the Form 4 shows a compensation-related grant, not a market trade. The 7,527 RSUs were awarded at no cash cost to the executive and represent deferred equity that will convert into shares or cash only as vesting milestones are reached.

What is David Granville-Smith’s reported position after this SPHR RSU award?

After the award, David Granville-Smith is reported as directly holding 7,527 RSUs. These units are derivative equity interests that convert into Class A Common Stock or cash upon future vesting dates, rather than immediately increasing freely tradable share ownership today.