Form 4: James Dolan, Executive Chairman/CEO of Madison Square Garden Entertainment Corp., Reports Stock Sales

James Dolan, Executive Chairman/CEO of Madison Square Garden Entertainment Corp., reported the sale of Class A Common Stock on February 28, 2024.

Summary

• On February 28, 2024, James Lawrence Dolan, the Executive Chairman and CEO of Madison Square Garden Entertainment Corp. (MSGE), sold shares of Class A Common Stock.
• He sold 7,349 shares at a weighted average price of $37.0562 per share and 21,447 shares at a weighted average price of $37.9278 per share.
• Following these transactions, Dolan directly owns 292,143 shares of Class A Common Stock.
• He also indirectly owns 26,320 shares through his spouse and 746 shares through his minor children, but disclaims beneficial ownership of these shares.
• The sales were executed in multiple trades at varying prices, and Dolan has committed to providing full details of these trades upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider. It's common for executives to periodically buy or sell shares of their company's stock.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on the market's reaction to the news.

Key Dates