CHARLES F. DOLAN 2009 FAMILY TRUST FBO MARIANNE DOLAN WEBER 4
Research Summary
AI-generated summary
Charles F. Dolan Family Trust Receives 9,700 MSGS Class B Shares
What Happened
- The CHARLES F. DOLAN 2009 FAMILY TRUST FBO MARIANNE DOLAN WEBER (a reporting person and member of a Section 13(d) group) acquired 9,700 Madison Square Garden Sports Corp. (MSGS) Class B common shares on June 1, 2026.
- The transaction is reported as an "other acquisition or disposition" (code J) and is a corrective transfer of 9,700 Class B shares; no cash or open-market trade was involved. Price and total value are listed as N/A because the transfer corrected an administrative error rather than reflecting a purchase or sale.
Key Details
- Transaction date: 2026-06-01; Form filed: 2026-06-03 (filed within the typical 2-business-day reporting window).
- Transaction code: J (other acquisition/disposition); derivative/convertible stock: Class B shares are convertible 1-for-1 into Class A shares at the holder's option.
- Consideration: No consideration exchanged; transfer corrected an earlier misallocation (see footnote).
- Shares owned after transaction: Not specified in the summary provided on this Form 4.
- Notable footnote: The transfer corrects an administrative error from a prior Form 4 (filed Feb 24, 2026) where the Reporting Person received 9,700 too few Class B shares and another related trust held 9,700 excess shares. This transfer moved the 9,700 shares to the Reporting Person to correct that error.
Context
- This was an intra-family/administrative corrective transfer, not a market purchase or sale, and therefore does not directly signal insider buying or selling sentiment.
- Because these are Class B shares (convertible to Class A on a share-for-share basis), the economic exposure is similar to Class A once converted.