Form 4: MSGS Insider Trust Receives Shares in Debt Repayment

A trust associated with Marianne E. Dolan Weber received 18,702 shares of Madison Square Garden Sports Corp. Class B Common Stock as partial repayment of a promissory note.

Summary

• Marianne E. Dolan Weber 2012 Descendants Trust, identified as a member of the 13(d) Group, received 18,702 shares of Madison Square Garden Sports Corp. Class B Common Stock.
• The transaction occurred on February 20, 2026.
• The shares were received as partial repayment of a promissory note.
• For the purpose of repayment, the shares were valued at $326.83 per share, which was the mean of the high and low trading price for the Class A Common Stock on February 20, 2026.
• The total approximate value of the shares received is $6,110,998.46.
• Class B Common Stock is convertible at the option of the holder on a share-for-share basis into Class A Common Stock.
• Following this transaction, the reporting person beneficially owns 18,702 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for the company, representing the resolution of a prior financial obligation with a significant stakeholder. For the reporting person, it is a positive event as they received valuable shares.

Positives

• The reporting person received a significant number of shares (18,702) in repayment of a promissory note, indicating the resolution of a prior financial obligation.
• The shares were valued at $326.83 each, reflecting a substantial asset value for the reporting person.

Negatives

• No explicitly negative aspects are detailed in this Form 4 filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings primarily report changes in beneficial ownership by insiders and do not typically provide broader industry context. This specific transaction reflects an internal financial arrangement between the company and a significant stakeholder, rather than a market-driven event or a reflection of industry trends in sports and entertainment.

Related Party Transactions

• The transaction involves the Marianne E. Dolan Weber 2012 Descendants Trust, a member of the 13(d) Group, receiving shares from Madison Square Garden Sports Corp. in repayment of a promissory note. This constitutes a related party transaction due to the relationship between the reporting person and the issuer.

Stakeholder Impact

• Shareholders: The transaction is likely to be viewed as neutral, as it represents the settlement of a debt rather than a new investment or divestment. It could be seen as a positive sign of insider confidence if the shares are held long-term.
• Creditors: The repayment of a promissory note strengthens the company's balance sheet by reducing outstanding debt.

Key Dates

Keywords

Madison Square Garden Sports Corp., MSGS, Form 4, Insider Transaction, Beneficial Ownership, Class B Common Stock, Class A Common Stock, Debt Repayment, Marianne E. Dolan Weber, Promissory Note