Mary S. Dolan filed a Form 4 with the SEC on October 28, 2026, disclosing changes in beneficial ownership of MSG Rangers Corp. securities tied to the spin-off of MSG Rangers Corp. from MSG Knickerbockers Corp. on October 26, 2026.

Key Highlights

  • Reporting person: Mary S. Dolan, identified as a Trustee of a 13(d) Group Member, filed this statement of changes in beneficial ownership for MSG Rangers Corp. (NASDAQ:MSGR).
  • Spin-off distribution date: 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.
  • Class A shares received directly: Dolan acquired 1,301 shares of Class A Common Stock directly (including shares held jointly with spouse) via the Distribution, exempt under Rule 16a-9.
  • Class A shares held indirectly by minor children: An additional 1,136 shares of Class A Common Stock were acquired indirectly by minor children; the filing states Dolan disclaims beneficial ownership of those shares.
  • Pre-distribution indirect holdings disposed: 9,794,568 shares of MSGR Class A Common Stock held indirectly by MSG Knickerbockers Corp. and its subsidiaries were disposed of on October 26, 2026, resulting in zero remaining indirect shares in that capacity.
  • Class B Common Stock: 2,264,754 shares of Class B Common Stock previously held indirectly through MSG Knickerbockers Corp. and its subsidiaries were disposed of on October 26, 2026, leaving zero remaining; Class B Common Stock is convertible on a share-for-share basis into Class A Common Stock at the holder's option.
  • Recapitalization date: On October 20, 2026, issued and outstanding common stock of MSGR was recapitalized into Class A and Class B Common Stock in a transaction exempt under Rule 16b-7.

MSG Rangers Corp. Spin-Off Transactions Reported by Mary S. Dolan

According to the filing, MSG Rangers Corp. (formerly MSGS Spinco, Inc.) was spun off from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp.) through a two-step process. First, on October 20, 2026, the outstanding common stock of MSGR was recapitalized into Class A Common Stock and Class B Common Stock in a transaction the filing describes as exempt under Rule 16b-7. Second, on October 26, 2026, MSGK distributed one share each of MSGR Class A and Class B Common Stock to its stockholders for every two shares of MSGK Class A and Class B common stock held, respectively, in a transaction the filing describes as exempt under Rule 16a-9.

As a result of the Distribution, the filing reports that Dolan received 1,301 shares of MSGR Class A Common Stock directly, including shares held jointly with her spouse. An additional 1,136 shares were received indirectly by minor children; the filing notes that Dolan "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." All of these acquisitions are coded as transaction code J and described as exempt under Rule 16a-9.

Prior to the Distribution, the filing shows that Dolan held 9,794,568 shares of MSGR Class A Common Stock and 2,264,754 shares of Class B Common Stock indirectly through MSG Knickerbockers Corp. and its subsidiaries. Both positions were reduced to zero on October 26, 2026, following the Distribution. Additionally, 100 shares of MSGR Common Stock (par value $0.01 per share) held indirectly through the same entity were disposed of on October 20, 2026, also coded as transaction code J. The filing was signed by Brian G. Sweeney as Attorney-in-Fact for Mary S. Dolan on October 28, 2026.

What Was Disclosed

Mary S. Dolan reported beneficial ownership changes in MSG Rangers Corp. securities resulting from the company's spin-off from MSG Knickerbockers Corp. The filing covers a recapitalization on October 20, 2026, and a share distribution on October 26, 2026, with all transactions described as exempt under applicable SEC rules.