Dolan Ryan Thomas 4
4 · Sphere Entertainment Co. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Sphere (SPHR) Director Ryan Thomas Dolan Receives Award, 908 Shares Vest
What Happened
Ryan Thomas Dolan, a director of Sphere Entertainment Co. (SPHR), had restricted stock units (RSUs) vest and convert into 908 shares on March 13, 2026 (670 + 238). To satisfy tax withholding obligations, 325 of those shares were withheld/disposed at a per-share value of $105.70 (total value $34,353). The vesting resulted in a net issuance of 583 shares to Mr. Dolan. These were vesting/settlement transactions (award conversions), not open-market purchases or sales.
Key Details
- Transaction date: March 13, 2026. Conversion of RSUs into 670 and 238 shares (codes M) at $0 exercise price; 325 shares withheld for taxes (code F) at $105.70/share = $34,353.
- Net shares received: 908 vested – 325 withheld = 583 shares issued to the insider.
- Footnotes: RSUs were granted 3/12/2025 (F1) and 10/17/2025 (F2). For each grant, one‑third vested and settled on 3/13/2026; remaining thirds scheduled to vest/settle on 3/15/2027 and 3/15/2028. Withheld shares to cover taxes are described in F3 and are exempt under Rule 16b‑3.
- Filing: Form 4 filed 3/17/2026 for the 3/13/2026 transactions — filed within the normal 2 business‑day reporting window.
Context
This is routine RSU vesting and tax withholding, not an open-market sale or purchase. Code M indicates conversion/settlement of derivative awards (RSUs) into shares; code F indicates shares withheld to cover tax obligations. Such withholdings are common and reflect tax payment, not a directional buy or sell signal.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-13+670→ 4,146 total - Exercise/Conversion
Class A Common Stock
[F2]2026-03-13+238→ 4,384 total - Tax Payment
Class A Common Stock
[F3]2026-03-13$105.70/sh−325$34,353→ 4,059 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-13−670→ 1,342 totalExp: 2028-03-15→ Class A Common Stock (670 underlying) - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-13−238→ 478 totalExp: 2028-03-15→ Class A Common Stock (238 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") was granted on March 12, 2025 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (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 March 13, 2026. One-third of the RSUs are scheduled to vest and settle on March 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on March 15, 2028.
- [F2]Each RSU was granted on October 17, 2025 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 March 13, 2026. One-third of the RSUs are scheduled to vest and settle on March 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on March 15, 2028.
- [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.