Form 4: James L. Dolan, Executive Chairman/CEO of Madison Square Garden Entertainment Corp., Reports Sale of Shares
SEC Form 4 Filing
James L. Dolan, Executive Chairman/CEO of Madison Square Garden Entertainment Corp., reported the sale of 37,000 shares of Class A Common Stock on March 6, 2024.
Summary
- On March 6, 2024, James L. Dolan, the Executive Chairman and CEO of Madison Square Garden Entertainment Corp. (MSGE), sold 37,000 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $38.0994 per share, with individual trades ranging from $37.87 to $38.45.
- Following the transaction, Mr. Dolan directly owns 155,143 shares, jointly owns 26,320 shares with his spouse, and indirectly owns 746 shares through his minor children.
- Mr. Dolan disclaims beneficial ownership of shares held by his spouse and minor children, except for those in which he has a direct pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.
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 create short-term uncertainty among shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: James L. Dolan sold 37,000 shares of Class A Common Stock. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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