The Marianne E. Dolan Weber 2012 Descendants Trust filed a Form 4 with the SEC on October 28, 2026, reporting changes in beneficial ownership of MSG Rangers Corp. securities arising from the spin-off of MSG Rangers Corp. from MSG Knickerbockers Corp., with transactions dated October 20 and October 26, 2026.

Key Highlights

  • Spin-off issuer: MSG Rangers Corp. (formerly MSGS Spinco, Inc.) was spun off from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp.), according to the filing.
  • Recapitalization on October 20, 2026: Outstanding common stock of MSG Rangers Corp. was recapitalized into Class A Common Stock and Class B Common Stock in a transaction reported as exempt under Rule 16b-7.
  • Distribution ratio: On October 26, 2026, MSG Knickerbockers Corp. distributed one share of Class A Common Stock and one share of Class B Common Stock for every two shares of the corresponding MSGK class held by stockholders.
  • Class A shares disposed: The trust reported a disposition of 9,794,568 shares of Class A Common Stock on October 26, 2026, leaving a balance of 0 shares held indirectly through MSG Knickerbockers Corp. and its subsidiaries.
  • Class B shares received directly: The trust received 4,501 shares of Class B Common Stock in the Distribution, held directly, in a transaction exempt under Rule 16a-9.
  • Class B convertible: According to the filing, Class B Common Stock is convertible at the option of the holder on a share-for-share basis into Class A Common Stock.
  • Reporting person relationship: The trust is identified as a member of a 13(d) Group, not a director or officer of the issuer.

Marianne E. Dolan Weber Trust's Ownership Changes in the MSG Rangers Spin-Off

According to the Form 4 filed on October 28, 2026, the Marianne E. Dolan Weber 2012 Descendants Trust reported a series of transactions in securities of MSG Rangers Corp. (NASDAQ:MSGR), all tied to the company's spin-off from MSG Knickerbockers Corp. The filing explains that on October 20, 2026, the issued and outstanding common stock of MSG Rangers Corp. was recapitalized into Class A Common Stock and Class B Common Stock, with that recapitalization reported as exempt under Rule 16b-7.

On October 26, 2026, MSG Knickerbockers Corp. carried out the distribution, delivering one share of MSGR Class A Common Stock and one share of MSGR Class B Common Stock for every two shares of the corresponding MSGK class held by stockholders. Under Table I, the trust reported the acquisition of 9,794,568 shares of Class A Common Stock on October 20, 2026, indirectly through MSG Knickerbockers Corp. and its subsidiaries, followed by a disposition of those same 9,794,568 shares on October 26, 2026, resulting in a balance of zero shares held indirectly. A separate line also shows a disposition of 100 shares of Common Stock (par value $0.01 per share) on October 20, 2026, likewise leaving a zero balance.

Under Table II, the trust reported similar movements in Class B Common Stock as a derivative security. An acquisition of 2,264,754 shares of Class B Common Stock on October 20, 2026, held indirectly, was followed by a disposition of 2,264,754 shares on October 26, 2026, reducing the indirect holding to zero. Separately, the trust received 4,501 shares of Class B Common Stock directly in the Distribution, a transaction the filing characterizes as exempt under Rule 16a-9, with the filing noting that the direct holding reflects "a transfer of shares previously owned directly by MSGK and its subsidiaries exempt under Rule 16a-13."

What Was Disclosed

The Marianne E. Dolan Weber 2012 Descendants Trust disclosed changes in beneficial ownership of MSG Rangers Corp. securities resulting from a corporate spin-off and related recapitalization, with indirect Class A and Class B holdings reduced to zero and 4,501 Class B shares retained directly.