Sphere Entertainment (SPHR) director awarded 1,173 fully vested RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DOLAN PAUL JOSEPH reported acquisition or exercise transactions in this Form 4 filing.

Sphere Entertainment Co. director Paul Joseph Dolan received a grant of 1,173 restricted stock units under the company’s 2020 Stock Plan for Non-Employee Directors. The RSUs are fully vested on the grant date and will settle in stock or cash after separation from service, increasing his direct RSU holdings to 26,935.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DOLAN PAUL JOSEPH

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,173	$0.00	--

Holdings After Transaction: Restricted Stock Units — 26,935 shares (Direct, null)

Footnotes (1)

Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after a separation from service.

Key Figures

RSUs granted: 1,173 units RSUs after grant: 26,935 units RSU grant price: $0.00 per unit

3 metrics

RSUs granted 1,173 units Restricted Stock Units granted to director on grant date

RSUs after grant 26,935 units Total direct restricted stock units following transaction

RSU grant price $0.00 per unit Equity compensation grant, no cash paid by director

Key Terms

Restricted Stock Units, Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, separation from service

3 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors financial

"Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended"

separation from service financial

"will be settled in stock or in cash on the first business day 90 days after a separation from service"

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 04:05 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DOLAN PAUL JOSEPH

(Last)

(First)

(Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK

10121

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sphere Entertainment Co. [ SPHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Trustee of 13(d) Group Member

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/10/2026		A		1,173		⁽²⁾	⁽²⁾	Class A Common Stock	1,173	$0	26,935	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

2. The RSUs are fully vested on the date of the grant and will be settled in stock or in cash on the first business day 90 days after a separation from service.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Paul J. Dolan	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sphere Entertainment Co. (SPHR) report for Paul Joseph Dolan?

Sphere Entertainment Co. reported that director Paul Joseph Dolan received 1,173 restricted stock units as a grant under the 2020 Stock Plan for Non-Employee Directors. These RSUs are a form of equity compensation rather than an open-market share purchase or sale.

How many Sphere Entertainment (SPHR) restricted stock units does Paul Joseph Dolan hold after this grant?

After the grant of 1,173 restricted stock units, Paul Joseph Dolan’s direct holdings increased to 26,935 RSUs. Each RSU represents a right to receive one share of Class A Common Stock or the cash equivalent, subject to settlement terms described in the plan.

Are the new Sphere Entertainment (SPHR) RSUs granted to Paul Joseph Dolan vested immediately?

Yes. The filing states the restricted stock units granted to Paul Joseph Dolan are fully vested on the grant date. Although vested, they will only be settled in shares or cash upon a qualifying separation from service, adding a timing condition to when value is delivered.

When will Paul Joseph Dolan’s Sphere Entertainment (SPHR) restricted stock units be settled?

The RSUs will be settled in stock or cash on the first business day 90 days after a separation from service. This means Dolan’s actual receipt of shares or cash depends on when his board service ends, even though the units are already fully vested.

What plan governs the RSU grant to Sphere Entertainment (SPHR) director Paul Joseph Dolan?

The restricted stock units were granted under the Sphere Entertainment Co. 2020 Stock Plan for Non-Employee Directors, as amended. This plan outlines grant terms, vesting, and settlement mechanics specifically for outside directors, using RSUs linked to Class A Common Stock.