RANJI GAUTAM (EVP, CFO & Treasurer) exercised options at SPHERE ENTERTAINMENT CO.

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

M · 3 exercises

RANJI GAUTAM

Filed: 11/6/2023ACC: 0001209191-23-054508

InsiderRANJI GAUTAMCIK 1970630

→

IssuerSPHERE ENTERTAINMENT CO.CIK 1795250

Officer· EVP, CFO & Treasurer

Since Apr 2023

-656.00

Net shares

Net seller

$22.2K

Total sold

Open market trades

0B · 0S

Total transactions

656.00 acquired · 1.31K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+132.00

Price / share

—

Trade value

—

% of position

15.2%

11/3/2023

867.00→999.00

Class A Common Stock

Direct

M · Option Exercise

+38.00

Price / share

—

Trade value

—

% of position

3.8%

11/3/2023

999.00→1.04K

Class A Common Stock

Direct

M · Option Exercise

+486.00

Price / share

—

Trade value

—

% of position

46.9%

11/3/2023

1.04K→1.52K

Class A Common Stock

Direct

F · Tax Withholding

−656.00

Price / share

$33.88

Trade value

$22.23K

% of position

43.1%

11/3/2023

1.52K→867.00

Total

Net shares

+0.00

Net value

-$22.23K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	11/3/2023	M · Option Exercise	+132.00	—	—	15.2%	867.00	999.00
Class A Common Stock Direct	11/3/2023	M · Option Exercise	+38.00	—	—	3.8%	999.00	1.04K
Class A Common Stock Direct	11/3/2023	M · Option Exercise	+486.00	—	—	46.9%	1.04K	1.52K
Class A Common Stock Direct	11/3/2023	F · Tax Withholding	−656.00	$33.88	$22.23K	43.1%	1.52K	867.00
Total			+0.00		-$22.23K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

132.00 shares

−132.00

Strike price

Held after

2.61K

Exercisable

—

11/3/2023

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

38.00 shares

−38.00

Strike price

Held after

758.00

Exercisable

—

11/3/2023

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

486.00 shares

−486.00

Strike price

Held after

9.60K

Exercisable

—

11/3/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock132.00 shares	11/3/2023	M · Option Exercise	−132.00	—	2.61K
Restricted Stock Units Direct	Class A Common Stock38.00 shares	11/3/2023	M · Option Exercise	−38.00	—	758.00
Restricted Stock Units Direct	Class A Common Stock486.00 shares	11/3/2023	M · Option Exercise	−486.00	—	9.60K