SEIDENBERG IVAN G 4

What Happened

• Ivan G. Seidenberg, a director of Madison Square Garden Sports Corp. (MSGS), was granted 353 restricted stock units (RSUs) on 2026-02-17. The Form 4 reports the award as a derivative acquisition (code A) at $0.00 per unit (grant of compensation units rather than an open‑market purchase).
• These RSUs were granted in lieu of cash director fees under MSGS’s 2015 Stock Plan for Non-Employee Directors and are fully vested on the grant date.

Key Details

• Transaction date: 2026-02-17; Filing date (Form 4): 2026-02-19 (filed timely).
• Reported transaction: 353 RSUs @ $0.00 (derivative award; code A).
• Shares owned after the transaction: not specified in the filing.
• Footnote highlights: (1) Each RSU represents a right to one share of Class A common stock or the cash equivalent; (2) RSUs are fully vested at grant and will be settled in stock or cash on the first business day 90 days after separation from service.
• No 10b5-1 plan, tax‑withholding sale, or immediate sale of shares is reported.

Context

• This was a compensation award for board service, not a market purchase or sale. Such grants are common for non‑employee directors and generally reflect routine compensation rather than a direct signal of personal trading sentiment. Because the RSUs are fully vested but will only be settled (in shares or cash) upon separation, they do not immediately increase the director’s tradable share count.