Form 4: James Dolan, Executive Chairman/CEO of Madison Square Garden Entertainment Corp., Sells 100,000 Shares

James Dolan, Executive Chairman and CEO of Madison Square Garden Entertainment Corp., sold 100,000 shares of Class A Common Stock at an average price of $38.1979 on March 4, 2024.

Summary

• On March 4, 2024, James Lawrence Dolan, the Executive Chairman and CEO of Madison Square Garden Entertainment Corp. (MSGE), sold 100,000 shares of Class A Common Stock.
• The sale was executed at an average price of $38.1979 per share.
• Following the transaction, Mr. Dolan directly owns 192,143 shares of Class A Common Stock.
• Mr. Dolan also indirectly owns 26,320 shares through his spouse and 746 shares through his minor children, but disclaims beneficial ownership of these shares.
• The transaction was executed in multiple trades at prices ranging from $37.75 to $38.59 per share.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a sale of shares by an executive. It doesn't inherently convey positive or negative sentiment, but the market may react based on their interpretation of the sale.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The sale of shares by a high-profile executive like James Dolan could potentially influence investor sentiment, although the impact is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates