Form 4: Charles F. Dolan Reports Transaction in Madison Square Garden Sports Corp. Shares
SEC Form 4 Filing
Charles F. Dolan, a director and 10% owner of Madison Square Garden Sports Corp., reports acquiring 3,350 shares of Class A Common Stock at $182.37 per share via a withdrawal from a trust.
Summary
- On March 15, 2024, Charles F. Dolan acquired 3,350 shares of Madison Square Garden Sports Corp. Class A Common Stock.
- The shares were acquired at a price of $182.37 per share.
- The transaction involved a withdrawal of shares from a trust for the benefit of Dolan's descendants in exchange for cash.
- Following the transaction, Dolan directly owns 3,350 shares and indirectly owns 33,572 shares through the CFD 2009 Revocable Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard SEC Form 4 filing reporting a transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing reflects insider activity, which is always closely watched by investors for signals about management's perspective on the company's value and future prospects. It is a routine filing and does not necessarily indicate a major shift in strategy or outlook.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Acquisition of 3,350 shares of Class A Common Stock. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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