Koester Jennifer 4

What Happened

• Jennifer Koester, President & Chief Operating Officer of Sphere Entertainment Co. (SPHR), was granted 19,371 restricted stock units (RSUs) on March 11, 2026. The award shows an acquisition price of $0.00 (a typical equity award), and is reported on a Form 4 filed March 13, 2026. The RSUs are derivatives that represent the right to receive shares of Class A common stock (or cash equivalent) upon vesting.

Key Details

• Transaction date: 2026-03-11 (Form 4 filed 2026-03-13)
• Transaction type/code: A — Award/Grant of RSUs (derivative)
• Shares/units granted: 19,371 RSUs; price listed $0.00 (no cash paid)
• Shares owned after transaction: Not specified in the provided filing
• Footnotes:
  • F1: Each RSU represents a right to one share of Class A common stock or cash equivalent.
  • F2: Vesting schedule: three equal installments on March 15, 2027; March 15, 2028; and March 15, 2029.
• Timeliness: Filed within two days of the transaction date (not flagged late)

Context

• RSU grants are a common form of executive compensation and do not by themselves indicate buying or selling intent; they vest over time and convert to stock (or cash) per the schedule above. Because this was an award (not an open-market purchase or sale), it’s primarily a compensation event rather than an immediate market signal.