Quentin F. Dolan, President and COO of the NY Rangers, filed a Form 4 on October 28, 2026 reporting the acquisition of Class A Common Stock and Restricted Stock Units in MSG Rangers Corp. in connection with the October 26, 2026 distribution from MSG Knickerbockers Corp.

Key Highlights

  • Reporting person: Quentin F. Dolan, President and COO of the NY Rangers, filed as an officer of MSG Rangers Corp. (NASDAQ:MSGR).
  • Distribution date: Transactions occurred on October 26, 2026, in connection with the spinoff distribution by MSG Knickerbockers Corp. to its stockholders.
  • Shares received via distribution: 220 shares of Class A Common Stock were received under transaction code J, exempt under Rule 16a-9, bringing direct ownership to 220 shares.
  • Shares from vested RSUs: An additional 442 shares of Class A Common Stock were received from vested MSGK restricted stock units, bringing total direct Class A Common Stock ownership to 662 shares.
  • RSUs acquired: 25 Restricted Stock Units were acquired under the MSGR 2026 Employee Stock Plan, with a $0 price, scheduled to vest and settle on September 15, 2027.
  • Exchange ratio: According to the filing, one share of MSGR Class A Common Stock was distributed for every two shares of MSGK Class A Common Stock held.

Dolan Acquires MSGR Securities Following MSG Knickerbockers Distribution

According to the filing, all transactions reported were coded "J" and arose from the distribution by MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp., referred to in the filing as "MSGK") of outstanding common stock of MSG Rangers Corp. (formerly MSGS Spinco, Inc., referred to as "MSGR") to MSGK stockholders, effected on October 26, 2026. The filing describes the distribution ratio as 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 of stock.

The filing reports that 220 shares of Class A Common Stock were received directly by Dolan in connection with the distribution, in a transaction the filing describes as exempt under Rule 16a-9. A further 442 shares were received pursuant to vested MSGK restricted stock units, in transactions the filing describes as exempt under Rules 16a-9 and 16b-3, with those shares granted under the MSGR 2026 Stock Plan for Non-Employee Directors. Following both transactions, Dolan's direct beneficial ownership of Class A Common Stock totaled 662 shares.

In addition to the common stock transactions, the filing reports the acquisition of 25 Restricted Stock Units under the MSGR 2026 Employee Stock Plan, received at a price of $0 in connection with the distribution. Each RSU represents the right to receive one share of Class A Common Stock or the cash equivalent. The filing states that these RSUs are scheduled to vest and settle on September 15, 2027, pursuant to the terms of Dolan's original MSGK RSU award dated August 29, 2024. Following this transaction, Dolan directly holds 25 such RSUs. The form was signed by Mark C. Cresitello as Attorney-in-Fact for Quentin F. Dolan.

What Was Disclosed

Quentin F. Dolan, an officer of NASDAQ:MSGR, reported the receipt of 662 shares of Class A Common Stock and 25 Restricted Stock Units on October 26, 2026, all arising from the spinoff distribution of MSG Rangers Corp. by MSG Knickerbockers Corp. All transactions were designated as exempt.