Stephen Mills submitted an initial statement of beneficial ownership with the SEC on October 28, 2026, reporting his holdings in MSG Rangers Corp. following his appointment as a director on October 26, 2026.

Key Highlights

  • New director: Stephen Mills became a director of MSG Rangers Corp. (formerly MSGS Spinco, Inc.) on October 26, 2026, the date of event requiring the filing.
  • Distribution shares: Mills directly owns 416 shares of Class A Common Stock received in connection with a spin-off distribution from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp.).
  • RSU-related shares: Mills directly owns an additional 2,676 shares of Class A Common Stock received through vested MSG Knickerbockers Corp. restricted stock units in connection with the same distribution.
  • Distribution ratio: According to the filing, MSGK distributed one share of MSGR Class A Common Stock for every two shares of MSGK Class A Common Stock held by stockholders.
  • Stock plan: The 2,676 RSU-derived shares were granted pursuant to the MSGR 2026 Stock Plan for Non-Employee Directors, the filing stated.
  • Exempt transactions: Both share receipts are described in the filing as exempt under Rules 16a-9 and 16b-3.

Mills Reports Initial Ownership After MSG Rangers Spinoff Distribution

According to the filing, MSG Rangers Corp., which was formerly known as MSGS Spinco, Inc., was spun off from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp.) through a distribution effected on October 26, 2026. In that transaction, MSGK distributed one share of MSGR Class A Common Stock and one share of MSGR Class B Common Stock to MSGK stockholders for every two shares of MSGK Class A Common Stock and MSGK Class B Common Stock, respectively. The filing identifies this as a transaction exempt under Rule 16a-9.

Stephen Mills, listed with an address at Two Pennsylvania Plaza, New York, New York 10121, reported two separate direct holdings of Class A Common Stock in Table I of the form. The first, 416 shares, reflects stock received in the distribution as a stockholder of MSGK. The second, 2,676 shares, reflects Class A Common Stock received in connection with vested MSGK restricted stock units, with Mills receiving one share of MSGR Class A Common Stock for every two vested MSGK RSUs, according to the filing. Those shares were granted under the MSGR 2026 Stock Plan for Non-Employee Directors.

No derivative securities were reported in Table II of the filing. The form was signed on October 28, 2026, by Mark C. Cresitello as attorney-in-fact for Stephen Mills, and an Exhibit 24 - Power of Attorney is referenced in the filing. The issuer is identified as MSG Rangers Corp. with the ticker symbol MSGR, listed on NASDAQ:MSGR.

What Was Disclosed

Stephen Mills filed an initial beneficial ownership statement reporting a total of 3,092 directly held shares of MSG Rangers Corp. Class A Common Stock, acquired through the October 26, 2026 spinoff distribution from MSG Knickerbockers Corp. and through vested restricted stock units.