Matthew John Dolan filed a Form 4 with the SEC on October 28, 2026, disclosing changes in his beneficial ownership of MSG Rangers Corp. securities following the company's spin-off from MSG Knickerbockers Corp.

Key Highlights

  • Spin-off completed: MSG Rangers Corp. (formerly MSGS Spinco, Inc.) was spun off from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp.) with transactions dated October 20 and October 26, 2026.
  • 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 on October 26, 2026: MSGK distributed one share of Class A Common Stock and one share of Class B Common Stock for every two shares of MSGK Class A and Class B common stock, respectively, in a transaction exempt under Rule 16a-9.
  • Direct holdings after distribution: Dolan received 362 shares of Class A Common Stock directly (including 158 shares held jointly with his spouse), according to the filing.
  • Minor children's shares: 301 shares of Class A Common Stock were received in the Distribution and are held by the reporting person and his spouse as custodians for minor children; Dolan disclaims beneficial ownership of those shares.
  • Class B convertibility: 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.

MSG Rangers Corp. Spin-Off and Dolan's Resulting Ownership

According to the filing, MSG Rangers Corp. (ticker NASDAQ:MSGR) was formerly known as MSGS Spinco, Inc. and was spun off from MSG Knickerbockers Corp., which was formerly Madison Square Garden Sports Corp. The spin-off involved a two-step process: a recapitalization on October 20, 2026, followed by a distribution to stockholders on October 26, 2026. Both transactions are described in the filing as exempt from Section 16 liability under applicable SEC rules.

Matthew John Dolan's relationship to the issuer is listed in the filing as "Trustee of 13(d) Group Member," and his address is listed care of Dolan Family Office, 340 Crossways Park Drive, Woodbury, New York 11797. The Form 4 was signed by Brian G. Sweeney as attorney-in-fact for Matthew J. Dolan on October 28, 2026. Following the Distribution, Dolan reported direct ownership of 362 shares of Class A Common Stock, with 158 of those shares held jointly with his spouse. An additional 301 shares of Class A Common Stock were received in the Distribution and are held in a custodial capacity for minor children, with Dolan explicitly disclaiming beneficial ownership of those securities.

The filing also records transactions related to Class B Common Stock in Table II as derivative securities, noting that Class B Common Stock is convertible on a share-for-share basis into Class A Common Stock at the holder's option. All reported transactions used transaction code "J," consistent with the spin-off and distribution events described in the filing's explanatory footnotes, which cite exemptions under Rules 16b-7, 16a-9, and 16a-13 as applicable to the various steps.

What Was Disclosed

The Form 4 filed by Matthew John Dolan on October 28, 2026, reports changes in beneficial ownership of MSG Rangers Corp. securities arising from the company's spin-off from MSG Knickerbockers Corp., including a recapitalization and a stockholder distribution completed between October 20 and October 26, 2026.