Deborah A. Dolan-Sweeney filed a Form 4 with the SEC on October 28, 2026, disclosing changes in beneficial ownership of MSG Rangers Corp. securities arising from the October 2026 spin-off of MSG Rangers Corp. from MSG Knickerbockers Corp.

Key Highlights

  • Issuer: MSG Rangers Corp. trades on NASDAQ:MSGR, formerly known as MSGS Spinco, Inc.
  • Spin-off distribution: On October 26, 2026, MSG Knickerbockers Corp. distributed one share of MSGR Class A Common Stock and Class B Common Stock for every two shares of MSGK Class A and Class B common stock, respectively.
  • Recapitalization: On October 20, 2026, MSGR's outstanding common stock was recapitalized into Class A and Class B Common Stock, with the transaction reported as exempt under Rule 16b-7.
  • Direct holdings after transactions: Dolan-Sweeney directly holds 3,436 shares of Class A Common Stock following the reported transactions.
  • Spouse-held shares: Dolan-Sweeney's spouse holds 11,345 shares of Class A Common Stock, plus 1,123 shares as trustee for minor children, with Dolan-Sweeney disclaiming beneficial ownership of those shares.
  • Class B Common Stock: Class B Common Stock held indirectly through MSG Knickerbockers Corp. and its subsidiaries was reduced to 0 following the October 26, 2026 distribution transaction.
  • Disclaimer of ownership: According to the filing, Dolan-Sweeney "disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, the beneficial owner of such securities" with respect to shares held by or through her spouse.

MSG Rangers Spin-Off Triggers Multiple Ownership Changes for Dolan-Sweeney

According to the filing, the reported transactions stem entirely from the spin-off of MSG Rangers Corp. (formerly MSGS Spinco, Inc., referred to as "MSGR") from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp., referred to as "MSGK"). On October 20, 2026, MSGR's issued and outstanding common stock was recapitalized into Class A Common Stock and Class B Common Stock in a transaction the filing describes as exempt under Rule 16b-7. Prior to the distribution, Dolan-Sweeney held an indirect interest of 9,794,568 shares of Class A Common Stock and 2,264,754 shares of Class B Common Stock through MSG Knickerbockers Corp. and its subsidiaries, all of which were disposed of in connection with the spin-off.

On October 26, 2026, the distribution was completed, with MSGK stockholders receiving one share of MSGR Class A Common Stock and one share of MSGR Class B Common Stock for every two corresponding shares of MSGK stock, in a transaction the filing states was exempt under Rule 16a-9. As a result of the distribution, Dolan-Sweeney directly acquired 3,436 shares of Class A Common Stock. Her spouse received 7,591 shares of Class A Common Stock and 3,754 additional shares through vested MSGK restricted stock units converted pursuant to the MSGR 2026 Stock Plan for Non-Employee Directors, at a ratio of one share of Class A Common Stock for every two vested MSGK RSUs. Her spouse also holds 1,123 shares as trustee for minor children.

All transactions in Table I and Table II carried transaction code "J," indicating transactions exempt from Section 16(b) short-swing profit rules. The filing was signed by Brian G. Sweeney as attorney-in-fact for Deborah A. Dolan-Sweeney and dated October 28, 2026. Dolan-Sweeney's relationship to the issuer is listed as "Other" in the filing, with no director or officer title specified.

What Was Disclosed

The filing disclosed Deborah A. Dolan-Sweeney's changes in beneficial ownership of MSG Rangers Corp. (NASDAQ:MSGR) securities resulting from the company's spin-off from MSG Knickerbockers Corp., covering recapitalization and distribution transactions occurring on October 20 and October 26, 2026.