Form 4: Charles F. Dolan Reports Transaction in Sphere Entertainment Co. Shares
SEC Form 4 Filing
Charles F. Dolan, a director and member of a 13(d) group of Sphere Entertainment Co., reported a transaction involving Class A Common Stock on March 15, 2024.
Summary
- On March 15, 2024, Charles F. Dolan reported a transaction involving Sphere Entertainment Co.'s Class A Common Stock.
- Dolan acquired 5,079 shares at a price of $48.23 per share.
- Following the transaction, Dolan directly owns 5,079 shares and indirectly owns 50,307 shares through the CFD 2009 Revocable Trust.
- The acquisition of shares was due to a withdrawal of shares from a trust for the benefit of the Reporting Person's descendants in exchange for cash pursuant to the substitution of assets provision of the trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of a transaction by a company insider, as required by the SEC. It provides transparency into the trading activities of individuals with significant knowledge of the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction involving Class A Common Stock |
| 03/19/2024 | Date of signature for the report |
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