Director at Sphere Entertainment (NYSE: SPHR) receives 1,173 RSU award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DOLAN THOMAS CHARLES reported acquisition or exercise transactions in this Form 4 filing.

Sphere Entertainment Co. director Thomas Charles Dolan received a grant of 1,173 restricted stock units (RSUs) of Class A Common Stock under the company’s 2020 Stock Plan for Non-Employee Directors. The RSUs are fully vested on the grant date and were awarded at no cash cost to him.

Each RSU entitles him to receive one share of Class A Common Stock or the cash equivalent. The award will be settled in stock or cash on the first business day 90 days after a separation from service. Following this grant, Dolan directly holds 29,959 RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DOLAN THOMAS CHARLES

Role null

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

Holdings After Transaction: Restricted Stock Units — 29,959 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 Grant price per RSU: $0.00 RSUs after transaction: 29,959 units +2 more

5 metrics

RSUs granted 1,173 units Restricted Stock Units grant on 2026-06-10

Grant price per RSU $0.00 Stated transaction price for RSU award

RSUs after transaction 29,959 units Total restricted stock units directly held after grant

Underlying shares per RSU 1 share Each RSU represents one share of Class A Common Stock or cash equivalent

Settlement timing 90 days Settles first business day 90 days after separation from service

Key Terms

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

4 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") is granted under the Sphere Entertainment Co. 2020 Stock Plan"

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"

Class A Common Stock financial

"represents a right to receive one share of Class A Common Stock or the cash equivalent thereof"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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 THOMAS CHARLES

(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)
			Member of 13(d) Group

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	29,959	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/ Thomas C. 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 did Sphere Entertainment Co. (SPHR) disclose in this Form 4 for Thomas Charles Dolan?

Sphere Entertainment Co. reported that director Thomas Charles Dolan received a grant of 1,173 restricted stock units. These RSUs are compensation, not an open-market trade, and increase his directly held RSU balance to 29,959 units tied to Class A Common Stock.

How many Sphere Entertainment (SPHR) RSUs did Thomas Charles Dolan receive and at what price?

Thomas Charles Dolan received 1,173 restricted stock units at a stated price of $0.00 per unit. This reflects a stock-based compensation grant under the company’s non-employee director plan rather than a purchase of shares in the open market.

When do Thomas Charles Dolan’s new Sphere Entertainment (SPHR) RSUs vest and settle?

The 1,173 restricted stock units granted to Thomas Charles Dolan are fully vested on the grant date. They will be settled in Class A Common Stock or cash on the first business day 90 days after his separation from service as described in the award terms.

What do the RSUs granted to Thomas Charles Dolan at Sphere Entertainment (SPHR) represent?

Each RSU granted to Thomas Charles Dolan represents the right to receive one share of Sphere Entertainment Class A Common Stock or the cash equivalent. This structure provides equity-linked compensation without requiring an immediate cash outlay from the director.

How many Sphere Entertainment (SPHR) RSUs does Thomas Charles Dolan hold after this grant?

After receiving the 1,173-unit grant, Thomas Charles Dolan holds a total of 29,959 restricted stock units. All are reported as directly owned derivative securities linked to Sphere Entertainment’s Class A Common Stock under the non-employee director stock plan.