Sphere Entertainment Group exits MSGE stake via 8.2M share secondary; MSGE buys back 1.6M shares for $50M

Madison Square Garden Entertainment Corp.

Sphere Entertainment Group sold 8,221,188 shares of MSGE Class A stock at $32.50/share, including full underwriter option exercise.
MSGE repurchased 1,602,564 shares from underwriters at $31.20/share (aggregate ~$50 million).
Selling stockholder (Sphere Entertainment Group) now holds 0% of MSGE Class A common stock, down from ~19.3% pre-offering.
Company received no proceeds from the secondary sale; all proceeds went to the selling stockholder.
Offer was registered on Form S-1 (File 333-274555) declared effective September 19, 2023.

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