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

James Dolan, Executive Chairman/CEO of Madison Square Garden Sports Corp., reports the sale of Class A Common Stock in multiple transactions on March 20, 2025.

Summary

• On March 20, 2025, James L. Dolan, the Executive Chairman and CEO of Madison Square Garden Sports Corp. (MSGS), sold shares of Class A Common Stock.
• The sales were executed in multiple transactions at varying prices.
• Dolan sold a total of 15,530 shares at prices ranging from $193.07 to $200.47 per share.
• Following these transactions, Dolan directly owns 172,840 shares of Class A Common Stock.
• He also indirectly owns 5,011 shares through his spouse and 491 shares through his minor children.
• Dolan disclaims beneficial ownership of the shares held by his spouse and minor children, except for those in which he has a direct pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't inherently indicate positive or negative sentiment towards the company.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. However, large or frequent sales can sometimes be viewed negatively by investors.

Stakeholder Impact

• The sale of shares by a key executive could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding.

Key Dates

Keywords

MSGS, Madison Square Garden Sports Corp, James Dolan, Executive Chairman, CEO, Class A Common Stock, Sale of Shares, Beneficial Ownership, SEC Form 4