Dolan Family Trusts Amend Sphere Entertainment Stake Filing

TL;DR

Dolan family trusts updated their Sphere Entertainment (SPHR) filing - watch for potential moves.

AI Summary

On March 1, 2024, a Schedule 13D/A filing was made concerning Sphere Entertainment Co. This filing details a group of reporting persons, including various Dolan family trusts and individuals like Charles F. Dolan, Deborah A. Dolan-Sweeney, and James L. Dolan, who collectively hold a significant stake in the company. The filing is an amendment, indicating a change in their holdings or intentions regarding Sphere Entertainment Co.

Why It Matters

This filing update from the Dolan family trusts signals potential shifts in control or strategy for Sphere Entertainment Co., impacting its future direction and shareholder value.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate changes in activist investor intent or significant shifts in beneficial ownership, warranting close monitoring.

Key Players & Entities

• Sphere Entertainment Co. (company) — Subject Company
• Charles F. Dolan (person) — Reporting Person/Family Trust Beneficiary
• Deborah A. Dolan-Sweeney (person) — Reporting Person/Family Trust Beneficiary
• James L. Dolan (person) — Reporting Person/Family Trust Beneficiary
• Charles F. Dolan 2009 Family Trust (company) — Reporting Person/Group Member
• Charles F. Dolan 2009 Revocable Trust (company) — Reporting Person/Group Member
• Madison Square Garden Entertainment (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — ent Co. Class A Common Stock, par value $0.01 per share (“Class A Common Stock&

Filing Documents

• tm247712d1_sc13da.htm (SC 13D/A) — 338KB
• tm247712d1_ex99-a.htm (EX-99.A) — 20KB
• tm247712d1_ex99-b3.htm (EX-99.B(3)) — 17KB
• 0001104659-24-030128.txt ( ) — 378KB

From the Filing

SC 13D/A 1 tm247712d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) Sphere Entertainment Co. (Name of Issuer) Class A Common Stock, par value $.01 per share (Title of Class of Securities) 55826T 102 (CUSIP Number) Samantha H. Crispin Quentin W. Wiest Baker Botts L.L.P. 30 Rockefeller Plaza New York, NY 10112 212-408-2500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 28, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 55826T 102 1. Name of Reporting Person Charles F. Dolan, individually, and as a Trustee of the Charles F. Dolan 2009 Revocable Trust 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Source of Funds 00 - See Item 3 of Statement 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization U.S.A. Number of Shares Beneficially Owned By Each Reporting Person With: 7. Sole Voting Power 0 8. Shared Voting Power 4,144,470 9. Sole Dispositive Power 0 10. Shared Dispositive Power 4,144,470 11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,144,470 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares * 13. Percent of Class Represented by Amount in Row (11) 12.9% 14. Type of Reporting Person IN *Excludes 3,003,469 shares of Sphere Entertainment Co. Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), issuable upon conversion of an equal number of shares of Sphere Entertainment Co. Class B Common Stock, par value $0.01 per share (“Class B Common Stock”), held by other Reporting Persons hereto as to which Charles F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities. Page 2 of 38 CUSIP NO. 55826T 102 1. Name of Reporting Person James L. Dolan 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Source of Funds PF, 00 – See Item 3 of Statement 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization U.S.A. Number of Shares Beneficially Owned By Each Reporting Person With: 7. Sole Voting Power 1,375,029 8. Shared Voting Power 975,248 9. Sole Dispositive Power 1,375,029 10. Shared Dispositive Power 975,248 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,350,277 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares * 13. Percent of Class Represented by Amount in Row (11) 7.8% 14. Type of Reporting Person IN *Excludes 5,725,962 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial Page 3 of 38 CUSIP NO. 55826T 102 1. Name of Reporting Person Thomas C. Dolan 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Source of Funds 00 – See Item 3 of Statement 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization U.S.A. Number of Shares Beneficially Owned By Each Reporting Person With: 7. Sole Voting Power 29,355 8. Shared Voting Power 488,579 9. Sole Dispositive Power 29,355 10. Shared Dispositive Power 488,579 11. Aggregate Amount Beneficially Owned by Each Reporting Person 517,934 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares * 13. Percent of Class Represented by Amount in Row (11) 1.8% 14. Type of Reporting Person IN *Excludes 6,398,331 shares of Class A Common Stock issuab

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View this SC 13D/A filing on SEC EDGAR