Form 4: Madison Square Garden Sports Corp. Executive Chairman James Dolan Reports Transaction
SEC Form 4
James Dolan, Executive Chairman and CEO of Madison Square Garden Sports Corp., reports a transaction involving Class A Common Stock.
Summary
- On August 26, 2024, James Lawrence Dolan, Executive Chairman and CEO of Madison Square Garden Sports Corp., reported a transaction involving Class A Common Stock.
- Dolan disposed of 629 shares of Class A Common Stock at a price of $209.3 per share.
- Following the transaction, Dolan directly owns 164,583 shares of Class A Common Stock.
- Dolan also indirectly owns 10,192 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 routine disclosure of a transaction by an insider. The sentiment is neutral as it doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's decision to sell a small portion of their holdings.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of transaction involving Class A Common Stock |
| 08/28/2024 | Date of signature on the Form 4 filing |
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