Kathleen Margaret Dolan filed a Form 4 with the SEC on October 28, 2026, disclosing changes in beneficial ownership of MSG Rangers Corp. securities arising from the spin-off of MSG Rangers Corp. from MSG Knickerbockers Corp. and the related distribution of shares on October 26, 2026.

Key Highlights

  • Issuer: MSG Rangers Corp. (NASDAQ:MSGR), formerly known as MSGS Spinco, Inc.
  • Spin-off recapitalization: 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, in a transaction the filing describes 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 class of MSG Knickerbockers Corp. stock held by stockholders, in a transaction the filing describes as exempt under Rule 16a-9.
  • Class A shares received directly: Dolan acquired 784 shares of Class A Common Stock directly, with a post-transaction direct beneficial ownership of 784 shares.
  • Class A shares via household members and trusts: 308 shares of Class A Common Stock are reported as indirectly held by household members and 45,202 shares are reported as indirectly held by trusts for which Dolan serves as co-trustee.
  • Class B Common Stock via trusts: 919,948 shares of Class B Common Stock were received in connection with the Distribution and are reported as held indirectly by trusts; Class B Common Stock is convertible at the holder's option into Class A Common Stock on a share-for-share basis.
  • Beneficial ownership disclaimers: Dolan disclaims beneficial ownership of all shares attributed to household members and to the trusts for which she serves as co-trustee, according to the filing.

MSG Rangers Corp. Spin-Off Triggers Dolan Ownership Disclosures

According to the filing, Kathleen Margaret Dolan is identified as a member of a 13(d) Group in relation to MSG Rangers Corp. (NASDAQ:MSGR). The transactions reported stem entirely from the corporate spin-off of MSG Rangers Corp. from MSG Knickerbockers Corp., formerly Madison Square Garden Sports Corp. The filing states that on October 20, 2026, the outstanding common stock of MSG Rangers Corp. was recapitalized into two classes of common stock as part of the spin-off process, in a transaction exempt under Rule 16b-7.

The filing discloses that on October 26, 2026, MSG Knickerbockers Corp. completed the distribution, delivering one share each of Class A Common Stock and Class B Common Stock of MSG Rangers Corp. for every two shares of the corresponding class of MSG Knickerbockers Corp. stock held. This distribution is described as exempt under Rule 16a-9. Prior to the distribution, Dolan's indirect beneficial ownership through MSG Knickerbockers Corp. and its subsidiaries included 9,794,568 shares of Class A Common Stock and 2,264,754 shares of Class B Common Stock, all of which were disposed of through the spin-off transactions, bringing that indirect holding to zero following the distribution.

Post-distribution, the filing reports Dolan holds 784 shares of Class A Common Stock directly, 308 shares indirectly through household members (with a disclaimer of beneficial ownership), and 45,202 shares indirectly through trusts for which she serves as co-trustee (also with a disclaimer of beneficial ownership). In addition, 919,948 shares of Class B Common Stock are reported as held indirectly by those trusts, with the same disclaimer. The filing notes that Class B Common Stock is convertible at the option of the holder on a share-for-share basis into Class A Common Stock. The Form 4 was signed by Richard Baccari as attorney-in-fact for Kathleen M. Dolan and dated October 28, 2026.

What Was Disclosed

Kathleen Margaret Dolan filed a Form 4 reporting changes in her beneficial ownership of MSG Rangers Corp. securities resulting from the company's spin-off from MSG Knickerbockers Corp., including a recapitalization on October 20, 2026, and a share distribution on October 26, 2026.