Marianne E. Dolan Weber 2012 Descendants Trust 4
Research Summary
AI-generated summary
MSGS Trust Marianne Dolan Weber Transfers 9,700 Class B Shares
What Happened The filing shows the Marianne E. Dolan Weber 2012 Descendants Trust (a member of a 13(d) group) transferred 9,700 shares of Madison Square Garden Sports Corp. (MSGS) Class B Common Stock on 2026-06-01. The transaction is reported as an "other acquisition or disposition" (code J) and is a corrective transfer — not an open-market sale — to remedy an administrative error arising from a prior allocation of Class B shares. No consideration was exchanged. The filing was submitted on 2026-06-03.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing).
- Transaction code: J (other acquisition/disposition); amount: 9,700 shares disposed/transferred.
- Price: N/A (no cash transaction); total value: N/A.
- Security: Class B Common Stock (convertible 1:1 into Class A common stock).
- Footnote: This was a corrective transfer to move 9,700 excess Class B shares from this Reporting Person to the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber; no consideration and not effected through the market.
- Shares owned after the transaction: not specified in the summary provided (see the Form 4 for full holdings).
Context This was an internal corrective transfer between related family trusts to fix a prior administrative misallocation; such corrections do not represent market-based selling or buying intent. The shares involved are Class B common stock, which the holder can convert share-for-share into Class A common stock if desired. Because this was a non-market transfer among related parties, it should not be read as a routine insider purchase or a liquidity-driven sale.