LHOTA JOSEPH 4

What Happened Joseph Lhota, a member of the board of directors of Sphere Entertainment Co. (SPHR), was granted 1,173 restricted stock units (RSUs) on 2026-06-10. The RSUs were reported as an award (derivative transaction) with an acquisition price of $0.00, so no cash outlay was required. The filing shows the grant but does not report a cash sale or purchase of underlying shares.

Key Details

• Transaction date and type: 2026-06-10 — Grant/Award of 1,173 RSUs (transaction code A).
• Price: $0.00 per RSU (no purchase price).
• Ownership after transaction: Not specified in the filing.
• Plan and vesting: RSUs granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors.
• Settlement terms: Each RSU represents the right to one share of Class A common stock or a cash equivalent; RSUs are fully vested on grant and will be settled in stock or cash on the first business day 90 days after separation from service (per footnotes).
• Filing timeliness: Reported on Form 4 filed 2026-06-12 for a 2026-06-10 grant — appears timely.

Context This is a compensation award to a non-employee director rather than an open-market purchase or sale. Because the RSUs are fully vested, Lhota has a current right to receive shares (or cash) in the future per the plan’s settlement rules; this does not necessarily indicate a buy/sell signal.