Granville-Smith David 4
4 · Sphere Entertainment Co. · Filed Sep 17, 2024
Insider Transaction Report
Form 4
Granville-Smith David
Executive Vice President
Transactions
- Exercise/Conversion
Class A Common Stock
2024-09-13+8,965→ 55,706 total - Tax Payment
Class A Common Stock
2024-09-13$42.23/sh−30,094$1,270,870→ 25,612 total - Exercise/Conversion
Class A Common Stock
2024-09-13+46,741→ 46,741 total - Exercise/Conversion
Restricted Stock Units
2024-09-13−46,741→ 93,484 totalExp: 2026-09-15→ Class A Common Stock (46,741 underlying) - Exercise/Conversion
Restricted Stock Units
2024-09-13−8,965→ 17,932 totalExp: 2026-09-15→ Class A Common Stock (8,965 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") was granted on June 15, 2023 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
- [F2]Each RSU was granted on September 1, 2023 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
- [F3]Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1 and 2, exempt under Rule 16b-3.