DOLAN RYAN THOMAS exercised options at SPHERE ENTERTAINMENT CO.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

DOLAN RYAN THOMAS

Filed: 9/17/2026ACC: 0001193125-26-394310

InsiderDOLAN RYAN THOMASCIK 1794486

→

IssuerSPHERE ENTERTAINMENT CO.CIK 1795250

Director

Since Apr 2020

-894.00

Net shares

Net seller

$128.8K

Total sold

Open market trades

0B · 0S

Total transactions

2.50K acquired · 3.39K disposed

Non-Derivative Transactions7

Class A Common Stock

Direct

M · Option Exercise

+269.00

Price / share

—

Trade value

—

% of position

6.6%

9/15/2026

4.06K→4.33K

Class A Common Stock

Direct

M · Option Exercise

+275.00

Price / share

—

Trade value

—

% of position

6.4%

9/15/2026

4.33K→4.60K

Class A Common Stock

Direct

M · Option Exercise

+321.00

Price / share

—

Trade value

—

% of position

7.0%

9/15/2026

4.60K→4.92K

Class A Common Stock

Direct

F · Tax Withholding

−309.00

Price / share

$144.12

Trade value

$44.53K

% of position

6.3%

9/15/2026

4.92K→4.62K

Class A Common Stock

Direct

M · Option Exercise

+807.00

Price / share

—

Trade value

—

% of position

17.5%

9/15/2026

4.62K→5.42K

Class A Common Stock

Direct

M · Option Exercise

+825.00

Price / share

—

Trade value

—

% of position

15.2%

9/15/2026

5.42K→6.25K

Class A Common Stock

Direct

F · Tax Withholding

−585.00

Price / share

$144.12

Trade value

$84.31K

% of position

9.4%

9/15/2026

6.25K→5.66K

Total

Net shares

+1.60K

Net value

-$128.84K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	9/15/2026	M · Option Exercise	+269.00	—	—	6.6%	4.06K	4.33K
Class A Common Stock Direct	9/15/2026	M · Option Exercise	+275.00	—	—	6.4%	4.33K	4.60K
Class A Common Stock Direct	9/15/2026	M · Option Exercise	+321.00	—	—	7.0%	4.60K	4.92K
Class A Common Stock Direct	9/15/2026	F · Tax Withholding	−309.00	$144.12	$44.53K	6.3%	4.92K	4.62K
Class A Common Stock Direct	9/15/2026	M · Option Exercise	+807.00	—	—	17.5%	4.62K	5.42K
Class A Common Stock Direct	9/15/2026	M · Option Exercise	+825.00	—	—	15.2%	5.42K	6.25K
Class A Common Stock Direct	9/15/2026	F · Tax Withholding	−585.00	$144.12	$84.31K	9.4%	6.25K	5.66K
Total			+1.60K		-$128.84K

Derivative Transactions5

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

269.00 shares

−269.00

Strike price

Held after

0.00

Exercisable

—

9/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

275.00 shares

−275.00

Strike price

Held after

0.00

Exercisable

—

9/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

321.00 shares

−321.00

Strike price

Held after

322.00

Exercisable

—

9/15/2026

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

807.00 shares

−807.00

Strike price

Held after

0.00

Exercisable

—

9/15/2026

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

825.00 shares

−825.00

Strike price

Held after

0.00

Exercisable

—

9/15/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock269.00 shares	9/15/2026	M · Option Exercise	−269.00	—	0.00
Restricted Stock Units Direct	Class A Common Stock275.00 shares	9/15/2026	M · Option Exercise	−275.00	—	0.00
Restricted Stock Units Direct	Class A Common Stock321.00 shares	9/15/2026	M · Option Exercise	−321.00	—	322.00
Performance Restricted Stock Units Direct	Class A Common Stock807.00 shares	9/15/2026	M · Option Exercise	−807.00	—	0.00
Performance Restricted Stock Units Direct	Class A Common Stock825.00 shares	9/15/2026	M · Option Exercise	−825.00	—	0.00