Paul M. DiCicco, EVP, CFO and Treasurer of MSG Rangers Corp., filed a Form 4 on October 28, 2026, reporting the acquisition of 407 restricted stock units in connection with the October 26, 2026 distribution of MSG Rangers Corp. common stock to MSG Knickerbockers Corp. stockholders.

Key Highlights

  • Reporting person: Paul M. DiCicco, identified as EVP, CFO and Treasurer of MSG Rangers Corp.
  • RSUs acquired: 407 restricted stock units of MSG Rangers Corp. (NASDAQ:MSGR), received via transaction code J on October 26, 2026.
  • Source of RSUs: DiCicco received one MSGR RSU for every two MSG Knickerbockers Corp. RSUs held, in connection with the Distribution.
  • Vesting schedule: RSUs are scheduled to vest in three equal installments on September 15, 2027, September 15, 2028, and September 15, 2029.
  • Price of derivative security: $0.00, as disclosed in the filing.
  • Exemption cited: The transaction was reported as exempt under Rules 16a-9, 16b-6, and 16b-3.
  • Non-derivative holdings: The filing reports zero shares of non-derivative securities directly owned following the transaction.

MSG Rangers Corp. Spinoff Triggers RSU Conversion for DiCicco

According to the filing, MSG Rangers Corp. (formerly MSGS Spinco, Inc.) was spun off from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp.) via a distribution effected on October 26, 2026. In that distribution, MSG Knickerbockers Corp. distributed one share of MSGR Class A common stock and one share of MSGR Class B common stock to stockholders for every two shares of MSGK Class A common stock and MSGK Class B common stock, respectively.

As part of this distribution, DiCicco's existing MSGK restricted stock units were converted into MSGR RSUs at a ratio of one MSGR RSU for every two MSGK RSUs, resulting in the acquisition of 407 RSUs. The filing states that the RSUs are granted under the MSGR 2026 Employee Stock Plan, with each unit representing a right to receive one share of MSGR Class A Common Stock or the cash equivalent. The original MSGK RSU award was dated August 26, 2026, according to the filing's explanation of responses.

The 407 RSUs are scheduled to vest in three equal installments on September 15, 2027, September 15, 2028, and September 15, 2029, as disclosed in the filing. DiCicco's Table I non-derivative section reports zero securities beneficially owned directly following the reported transaction. The Form 4 was signed by Mark C. Cresitello as Attorney-in-Fact for Paul M. DiCicco on October 28, 2026.

What Was Disclosed

The filing reports the acquisition of 407 MSGR restricted stock units by EVP, CFO and Treasurer Paul M. DiCicco on October 26, 2026, stemming from the spinoff distribution of MSG Rangers Corp. from MSG Knickerbockers Corp., in a transaction exempt under Rules 16a-9, 16b-6, and 16b-3.