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

James L. Dolan, Executive Chairman of Madison Square Garden Sports Corp., reports the sale of Class A Common Stock over two days in February 2024.

Summary

• James L. Dolan, the Executive Chairman of Madison Square Garden Sports Corp. (MSGS), has reported the sale of shares of Class A Common Stock.
• The transactions occurred on February 26 and 27, 2024.
• On February 26, 2024, Dolan sold 6,508 shares at an average price of $190.0704 and 1,728 shares at an average price of $190.9161.
• On February 27, 2024, Dolan sold 15,965 shares at an average price of $188.13 and 4,035 shares at an average price of $188.8093.
• Following these transactions, Dolan directly owns 201,586 shares of Class A Common Stock.
• Dolan also indirectly owns 10,821 shares through his spouse and 491 shares through his minor children, but disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider. It's common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, potentially leading to short-term price fluctuations.

Key Dates