Sphere Entertainment (SPHR): Gabelli group discloses 995,826-share, 3.43% position

Rhea-AI Filing Summary

Gabelli-affiliated entities reported their current holdings of Sphere Entertainment Co. common stock, jointly beneficially owning 995,826 shares, or 3.43% of the 29,046,853 shares outstanding as of the issuer’s Form 10-Q for the quarter ended June 30, 2026. This amended Schedule 13D is being used even though a short-form schedule could apply, in order to align ongoing communications with Sphere Entertainment’s management with Exchange Act reporting obligations.

The largest positions are held by GAMCO Asset Management Inc. with 550,139 shares (1.89%) and Gabelli Funds LLC with 420,987 shares (1.45%), with smaller holdings across several related entities and by Mario Gabelli personally. The group states it ceased to be a beneficial owner of 5% or more of Sphere Entertainment’s common stock on January 2, 2026, and provides a detailed record of recent trading activity, including multiple sales on August 13, 2026 in the mid‑$170s per share.

Filing Explained

The 3.43% disclosed stake remains holder-level ownership, with voting rights narrower than disposition rights for some client-held shares.

The amended filing reports an existing Gabelli-affiliated beneficial stake of 3.43%, with ownership mechanics spread across reporting persons and investment clients; it does not itself change Sphere’s issued share count.

For GAMCO Asset Management, the filing reports 550,139 shares with sole dispositive power but 523,057 shares with sole voting power, because it lacks voting authority over 27,082 reported shares.

For shares held through advisory clients or partnerships, those clients or partnerships have the sole right to receive dividends and sale proceeds, subject to the applicable agreements.

The filing therefore documents beneficial ownership and control limitations at the holder level, rather than a new company financing or an issuer-side ownership change.

Key Figures

Aggregate shares beneficially owned: 995,826 shares Ownership percentage: 3.43% Shares outstanding: 29,046,853 shares +4 more

7 metrics

Aggregate shares beneficially owned 995,826 shares Total Sphere Entertainment common shares reported as beneficially owned by the Gabelli group

Ownership percentage 3.43% Portion of Sphere Entertainment’s 29,046,853 outstanding shares represented by 995,826 shares

Shares outstanding 29,046,853 shares Sphere Entertainment common shares outstanding per Form 10-Q for quarter ended June 30, 2026

GAMCO Asset Management holdings 550,139 shares (1.89%) Largest individual position among reporting persons in Sphere Entertainment

Gabelli Funds holdings 420,987 shares (1.45%) Second-largest position among the reporting persons in Sphere Entertainment

Key sale on 8/13/2026 141,500 shares at $177.3763 Sale of Sphere Entertainment shares by GAMCO Asset Management Inc. on August 13, 2026

Date fell below 5% ownership January 2, 2026 Date reporting persons ceased to be beneficial owners of 5% or more of common stock

Key Terms

beneficially own, sole voting power, sole dispositive power, Schedule 13D, +2 more

6 terms

beneficially own financial

"The aggregate number of Securities to which this relates is 995,826 shares, representing 3.43%..."

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 550,139.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 9 | Sole Dispositive Power 550,139.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13D regulatory

"The Reporting Persons file the long form pursuant to Section 13d-1 of the Securities Exchange Act..."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Proxy Voting Committee financial

"the Proxy Voting Committee of each Fund shall respectively vote that Funds shares"

investment adviser financial

"GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

FAQ

What percentage of Sphere Entertainment Co. (SPHR) shares do the Gabelli-related reporting persons currently hold?

The reporting persons collectively beneficially own 995,826 Sphere Entertainment shares, representing 3.43% of the company’s 29,046,853 shares outstanding as reported in its Form 10-Q for the quarter ended June 30, 2026.

Which Gabelli entity holds the largest stake in Sphere Entertainment Co. (SPHR)?

GAMCO Asset Management Inc. holds the largest disclosed stake, with 550,139 shares of Sphere Entertainment, equal to 1.89% of the outstanding common stock, based on 29,046,853 shares reported in the company’s most recent Form 10-Q.

When did the Gabelli reporting persons fall below 5% ownership of Sphere Entertainment Co. (SPHR)?

The reporting group states it ceased to be beneficial owners of 5% or more of Sphere Entertainment’s common stock on January 2, 2026, and now reports an aggregate holding of 3.43% of the outstanding shares.

How many Sphere Entertainment Co. (SPHR) shares does Gabelli Funds LLC hold?

Gabelli Funds LLC beneficially owns 420,987 Sphere Entertainment shares, representing approximately 1.45% of the issuer’s 29,046,853 shares outstanding, and has sole voting and dispositive power over these shares subject to certain fund-level proxy voting arrangements.

What recent trading activity in Sphere Entertainment Co. (SPHR) did GAMCO Asset Management report?

GAMCO Asset Management reported numerous trades, including several sales on August 13, 2026 such as 141,500 shares at $177.3763 per share, along with smaller purchases and sales in July and early August 2026 at prices generally between the mid‑$130s and mid‑$170s.

Why did the Gabelli reporting persons file a long-form Schedule 13D for Sphere Entertainment Co. (SPHR)?

They state they are filing the long-form Schedule 13D under Section 13d-1 even though they may be eligible for the short-form, to ensure that their regular communications with Sphere Entertainment’s management remain compliant with Exchange Act reporting obligations.

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Available on EDGAR 08/14/2026 - 04:27 PM Accepted by SEC EDGAR 08/14/2026 - 04:02 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Sphere Entertainment Co.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

55826T102

(CUSIP Number)

DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/13/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

GAMCO INVESTORS, INC. ET AL

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 80.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 80.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

80.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

GABELLI FUNDS LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 420,987.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 420,987.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

420,987.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.5 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

GAMCO Asset Management Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 523,057.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 550,139.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

550,139.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.9 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

GABELLI & Co INVESTMENT ADVISERS, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,420.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,420.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,420.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

GABELLI FOUNDATION, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,300.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,300.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,300.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

MJG ASSOCIATES, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CONNECTICUT

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 14,500.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 14,500.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

14,500.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

GGCP, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,700.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,700.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,700.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

Associated Capital Group, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 300.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 300.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

300.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13D

CUSIP Number(s): 55826T102

1

Name of reporting person

GABELLI MARIO J

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,400.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,400.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,400.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Sphere Entertainment Co.
(c)	Address of Issuer's Principal Executive Offices: TWO PENNSYLVANIA PLAZA, TWO PENNSYLVANIA PLAZA, NEW YORK, NEW YORK , 10121.
Item 2.	Identity and Background
(a)	This statement is being filed by one or more of the following persons: GGCP, Inc. (GGCP), GGCP Holdings LLC (GGCP Holdings), GAMCO Investors, Inc. (GBL), Associated Capital Group, Inc. (AC), Gabelli Funds, LLC (Gabelli Funds), GAMCO Asset Management Inc. (GAMCO), Teton Advisors, LLC (Teton Advisors), Keeley-Teton Advisors, LLC (Keeley-Teton), Gabelli & Company Investment Advisers, Inc. (GCIA), Morgan Group Holding Co., (MGH), G.research, LLC (G.research), MJG Associates, Inc. (MJG Associates), Gabelli Securities International (Bermuda) Limited (GSIL), Gabelli Foundation, Inc. (Foundation), Mario Gabelli, LICT and CIBL. Those of the foregoing persons signing this Schedule 13D are hereinafter referred to as the Reporting Persons.
(b)	GAMCO is a New York corporation and GBL and MGH are Delaware corporations, each having its principal business office at One Corporate Center, Rye, New York 10580. GGCP is a Wyoming corporation and AC and GCIA are Delaware corporations each having its principal business office 191 Mason Street, Greenwich, CT 06830. GGCP Holdings is a Delaware limited liability corporation having its principal business office at 191 Mason Street, Greenwich, CT 06830. G.research is a Delaware limited liability company having its principal officers at One Corporate Center, Rye, New York 10580. Gabelli Funds is a New York limited liability company having its principal business office at One Corporate Center, Rye, New York 10580. Teton Advisors is a Wyoming limited liability company having its principal place of business at 189 Mason Street, Greenwich, CT 06830. Keeley-Teton Advisors is a Delaware limited liability company having its principal place of business at 141 W. Jackson Blvd., Chicago, IL 60604. MJG Associates is a Connecticut corporation having its principal business office at 191 Mason Street, Greenwich, CT 06830. The Foundation is a Nevada corporation having its principal offices at 165 West Liberty Street, Reno, Nevada 89501. LICT is a Delaware corporation having its principal place of business as 401 Theodore Fremd Avenue, Rye, New York 10580. CIBL, Inc. is a Delaware corporation having its principal place of business as 165 West Liberty Street, Suite 220, Reno, NV 89501.
(c)	GGCP makes investments for its own account and is the manager and a member of GGCP Holdings which is the controlling shareholder of GBL and AC. GBL, a public company whose stock is quoted on the OTCQX platform, is the parent company for a variety of companies engaged in the securities business, including certain of those named below. AC, a public company listed on the New York Stock Exchange, is the parent company for a variety of companies engaged in the securities business, including certain of those listed below. GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940, as amended (Advisers Act). GAMCO is an investment manager providing discretionary managed account services for employee benefit plans, private investors, endowments, foundations and others. GCIA, a wholly owned subsidiary of AC, is an investment adviser registered under the Advisers Act and serves as a general partner or investment manager to limited partnerships and offshore investment companies and other accounts. As a part of its business, GCIA may purchase or sell securities for its own account. GCIA or its relying advisers, act as a general partner or investment manager of a number of funds or partnerships, including Gabelli Associates Fund, L.P., Gabelli Associates Fund II, L.P., Gabelli Associates Limited, Gabelli Associates Limited II E, Gabelli Intermediate Credit Fund L.P., GAMA Select Plus Master Fund, Ltd., GAMCO Medical Opportunities L.P., and Gabelli Multimedia Partners, L.P. G.research is a wholly owned subsidiary of MGH. G.research, is a broker-dealer registered under the Securities Exchange Act of 1934, as amended (1934 Act), which may as a part of its business purchase and sell securities for its own account. Gabelli Funds, a wholly owned subsidiary of GBL, is a limited liability company. Gabelli Funds is an investment adviser registered under the Advisers Act which provides advisory services for The Gabelli Equity Trust Inc., The Gabelli Asset Fund, The Gabelli Growth Fund, The Gabelli Convertible and Income Securities Fund Inc., The Gabelli Value 25 Fund Inc., The Gabelli Small Cap Growth Fund, The Gabelli Equity Income Fund, The Gabelli ABC Fund, The Gabelli Global Content & Connectivity Fund, The Gabelli Gold Fund, Inc., The Gabelli Multimedia Trust Inc., The Gabelli Global Rising Income & Dividend Fund, The Gabelli Capital Asset Fund, The Gabelli International Growth Fund, Inc., The Gabelli Global Growth Fund, The Gabelli Utility Trust, The Gabelli Utilities Fund, The Gabelli Dividend Growth Fund, The Gabelli Focused Growth and Income Fund, The Comstock Capital Value Fund, The Gabelli Dividend and Income Trust, The Gabelli Global Utility & Income Trust, The GAMCO Global Gold, Natural Resources, & Income Trust, The GAMCO Natural Resources, Gold & Income Trust, The GDL Fund, Gabelli Enterprise Mergers & Acquisitions Fund, The Gabelli ESG Fund, Inc., The Gabelli International Small Cap Fund, The Gabelli Healthcare & Wellness Rx Trust, The Gabelli Global Small and Mid Cap Value Trust, Gabelli Merger Plus+ Trust Plc, The Gabelli Global Financial Services Fund, The Gabelli Global Mini Mites Fund, The Gabelli Media Mogul Fund, The Gabelli Pet Parents Fund, Keeley Small Cap Fund, The Gabelli U.S. Treasury Money Market Fund, Bancroft Fund Ltd. and Ellsworth Growth & Income Fund Ltd., Gabelli Growth Innovators ETF, Gabelli Love Our Planet & People ETF, Gabelli Automation ETF, Gabelli Commercial Aerospace & Defense ETF, Gabelli Financial Services Opportunities ETF (collectively, the Funds), which are registered investment companies. Gabelli Funds is also the investment adviser to The GAMCO International SICAV (sub-funds GAMCO Merger Arbitrage and GAMCO All Cap Value), a UCITS III vehicle. Teton Advisors, an investment adviser registered under the Advisers Act, provides discretionary advisory services to The TETON Westwood Mighty Mites Fund, The Teton Westwood Balanced Fund, and The TETON Westwood Equity Fund. The TETON Westwood Mighty Mites Fund is sub-advised by Gabelli Funds, and their holdings are included in this filing. Keeley-Teton, an investment adviser registered under the Advisers Act, provides discretionary advisory services to The TETON Convertible Securities Fund and their holding are included in this filing. MJG Associates provides advisory services to private investment partnerships and offshore funds. Mario Gabelli is the sole shareholder, director and employee of MJG Associates. MJG Associates is the Investment Manager of Gabelli International Limited and Gabelli Fund, LDC. Mario J. Gabelli is the general partner of Gabelli Performance Partnership, LP. The Foundation is a private foundation. Mario Gabelli is the Chairman, a Trustee and the Investment Manager of the Foundation. Elisa M. Wilson is the President of the Foundation. LICT is a holding company with operating subsidiaries engaged primarily in the rural telephone industry. LICT actively pursues new business ventures and acquisitions. LICT makes investments in marketable securities to preserve capital and maintain liquidity for financing their business activities and acquisitions and are not engaged in the business of investing, or trading in securities. Mario J. Gabelli is the Chief Executive Officer, a director, and substantial shareholder of LICT. CIBL is a holding company with interest in telecommunications operations, primarily in the rural telephone industry. CIBL actively pursues new business ventures and acquisitions. CIBL makes investments in marketable securities to preserve capital and maintain liquidity for financing their business activities and acquisitions and are not engaged in the business of investing, or trading in securities. Mario J. Gabelli is a director, and substantial shareholder of CIBL. Mario Gabelli is the controlling stockholder, co-Chief Executive Officer and a director of GGCP and Chairman and Chief Executive Officer of GBL. He is the Executive Chairman of AC. Mario Gabelli is also a member of GGCP Holdings. Mario Gabelli is the controlling shareholder of MGH and indirectly of Teton Advisors and Keeley-Teton Advisors.
(d)	Not applicable.
(e)	Not applicable.
(f)	United States.
Item 4.	Purpose of Transaction
	The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate number of Securities to which this Schedule 13D relates is 995,826 shares, representing 3.43% of the 29,046,853 shares outstanding as reported in the Issuer's most recently filed Form 10-Q for the quarterly period ended June 30, 2026. The Reporting Persons beneficially own those Securities as follows: GAMCO 550,139 shares 1.89%, Gabelli Funds 420,987 shares 1.45%, AC 300 shares 0.00%, GCIA 2,420 shares 0.01%, Foundation 1,300 shares 0.00%, GBL 80 shares 0.00% GGCP 1,700 shares 0.01%, MJG Associates 14,500 shares 0.05% and Mario Gabelli 4,400 shares 0.02%.
(b)	Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have authority to vote 27,082 of the reported shares, (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Funds shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, AC, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by other Reporting Persons.
(c)	Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons and Covered Persons is set forth below: DATE SHARES PURCHASED PRICE /SOLD GABELLI FUNDS, LLC GABELLI ASSET FUND 8/13/2026 -22,000 177.3763 GABELLI EQUITY INCOME FUND 8/13/2026 -1,000 177.3763 GABELLI EQUITY TRUST 8/13/2026 -15,000 177.3763 GABELLI OPPORTUNITIES IN LIVE AND SPORTS ETF 7/30/2026 400 134.9100 7/29/2026 500 135.7849 7/28/2026 384 138.5500 7/28/2026 400 139.5599 7/24/2026 216 136.2600 7/23/2026 300 133.6660 GABELLI MULTIMEDIA TRUST 8/13/2026 -1,500 177.3763 7/14/2026 -250 138.7956 GABELLI GLOBAL SMALL & MIDCAP VALUE TRUST 8/13/2026 -1,000 177.3763 GABELLI SMALL CAP GROWTH FUND 8/13/2026 -12,000 177.3763 GABELLI VALUE 25 FUND 8/13/2026 -36,000 177.3763 GAMCO ASSET MANAGEMENT INC. 8/13/2026 -25 173.7051 8/13/2026 -2,500 174.4748 8/13/2026 -1,175 174.6159 8/13/2026 -1,000 174.6165 8/13/2026 -275 174.7191 8/13/2026 -1,949 175.0000 8/13/2026 -1,000 175.1500 8/13/2026 -175 175.2000 8/13/2026 -3,000 175.3200 8/13/2026 -100 175.3402 8/13/2026 -600 175.3551 8/13/2026 -200 175.3663 8/13/2026 -750 175.4252 8/13/2026 -3,300 175.4586 8/13/2026 -200 175.5600 8/13/2026 -841 175.6707 8/13/2026 -200 176.0975 8/13/2026 -49,250 176.7174 8/13/2026 -141,500 177.3763 8/12/2026 -400 174.8231 8/11/2026 1,100 164.4618 8/11/2026 -1,100 164.5900 8/6/2026 -350 155.5350 8/6/2026 -100 160.6400 8/5/2026 -301 156.4800 7/30/2026 500 136.8900 7/30/2026 -1,500 145.1200 7/30/2026 -1,500 147.4873 7/30/2026 -1,000 148.2700 7/29/2026 100 135.3700 7/29/2026 200 135.6250 7/28/2026 300 138.8600 7/28/2026 -100 139.0000 7/22/2026 40 140.5280 7/16/2026 -125 139.9501 7/16/2026 700 142.2071 7/15/2026 1,900 141.8368 7/13/2026 -50 143.5250
(d)	The investment advisory clients of, or partnerships managed by, GAMCO, Gabelli Funds, Teton Advisors and MJG Associates have the sole right to receive and, subject to the notice, withdrawal and/or termination provisions of such advisory contracts and partnership arrangements, the sole power to direct the receipt of dividends from, and the proceeds of sale of, any of the Securities beneficially owned by such Reporting Persons on behalf of such clients or partnerships. Except as noted, no such client or partnership has an interest by virtue of such relationship that relates to more than 5% of the Securities.
(e)	The Reporting Persons ceased to be beneficial owners of 5% of more of the Issuer's common stock on January 2, 2026.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

GAMCO INVESTORS, INC. ET AL

Signature:	DAVID GOLDMAN
Name/Title:	CHIEF LEGAL OFFICER
Date:	08/14/2026

GABELLI FUNDS LLC

Signature:	DAVID GOLDMAN
Name/Title:	GENERAL COUNSEL
Date:	08/14/2026

GAMCO Asset Management Inc.

Signature:	DOUGLAS R. JAMIESON
Name/Title:	PRESIDENT
Date:	08/14/2026

GABELLI & Co INVESTMENT ADVISERS, INC.

Signature:	DOUGLAS R. JAMIESON
Name/Title:	PRESIDENT
Date:	08/14/2026

GABELLI FOUNDATION, INC.

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	08/14/2026

MJG ASSOCIATES, INC.

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	08/14/2026

GGCP, INC.

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	08/14/2026

Associated Capital Group, Inc.

Signature:	DAVID GOLDMAN
Name/Title:	GENERAL COUNSEL
Date:	08/14/2026

GABELLI MARIO J

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	08/14/2026