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

Key Highlights

  • Issuer: MSG Rangers Corp. trades on NASDAQ:MSGR, formerly known as MSGS Spinco, Inc.
  • Spin-off recapitalization: On October 20, 2026, outstanding common stock of MSGR was recapitalized into Class A and Class B Common Stock, reported as a transaction exempt under Rule 16b-7.
  • Distribution date: On October 26, 2026, MSG Knickerbockers Corp. distributed one share of MSGR Class A and Class B Common Stock for every two shares of the corresponding MSGK class, exempt under Rule 16a-9.
  • Resulting Class A ownership: Following the distribution, Dolan holds 354 shares of Class A Common Stock directly, and zero shares indirectly through MSG Knickerbockers Corp. and its subsidiaries.
  • Class B derivative securities: Dolan's indirect beneficial ownership of Class B Common Stock (convertible share-for-share into Class A) through MSG Knickerbockers Corp. and its subsidiaries is reported as zero following the October 26, 2026 transaction.
  • Reporting person relationship: Patrick Francis Dolan is identified as a member of a 13(d) Group, not as a director or officer of MSGR.
  • Signatory: The form was signed by Dennis H. Javer as Attorney-in-Fact for Patrick F. Dolan on October 28, 2026.

Patrick Dolan's Ownership Changes in MSG Rangers Corp. Following the MSGK Spin-Off

According to the filing, MSG Rangers Corp. (NASDAQ:MSGR), formerly MSGS Spinco, Inc., was spun off from MSG Knickerbockers Corp., formerly Madison Square Garden Sports Corp. The filing reports that 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. At that time, Dolan's indirect holdings 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.

On October 26, 2026, the distribution took place, with MSGK distributing 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. The filing notes this transaction was exempt under Rule 16a-9. Following the distribution, Dolan's indirect beneficial ownership of MSGR Class A and Class B Common Stock through MSG Knickerbockers Corp. and its subsidiaries each fell to zero, according to the filing.

The filing further discloses that Dolan acquired 354 shares of Class A Common Stock directly in connection with the distribution, described as a transfer of shares previously owned directly by MSGK and its subsidiaries and exempt under Rule 16a-13. 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. Dolan's relationship to MSGR is listed as a member of a 13(d) Group.

What Was Disclosed

The filing reported changes in Patrick Francis Dolan's beneficial ownership of MSG Rangers Corp. securities resulting from the October 2026 spin-off from MSG Knickerbockers Corp., including a recapitalization, a pro-rata distribution to stockholders, and a resulting direct holding of 354 shares of Class A Common Stock.