Franco Laura 4
4 · Sphere Entertainment Co. · Filed Sep 17, 2024
Insider Transaction Report
Form 4
Franco Laura
EVP & General Counsel
Transactions
- Exercise/Conversion
Class A Common Stock
2024-09-13+1,092→ 7,733 total - Tax Payment
Class A Common Stock
2024-09-13$42.23/sh−3,116$131,589→ 4,617 total - Exercise/Conversion
Class A Common Stock
2024-09-13+6,641→ 6,641 total - Exercise/Conversion
Restricted Stock Units
2024-09-13−6,641→ 14,114 totalExp: 2026-09-15→ Class A Common Stock (6,641 underlying) - Exercise/Conversion
Restricted Stock Units
2024-09-13−1,092→ 2,186 totalExp: 2026-09-15→ Class A Common Stock (1,092 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") was granted on April 22, 2024 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. 32% of the RSUs vested and were settled on September 13, 2024. 40% of the RSUs are scheduled to vest and settle on September 15, 2025, 24% on September 15, 2026 and 4% on September 15, 2027.
- [F2]Each RSU was granted on April 22, 2024 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.