SPHR: Dolan Ryan Thomas discloses securities transactions

By AlphaYouPublished Sep 23, 2026Form 4

Stocks in this disclosure

Reported activity

Dolan Ryan Thomas

Reporting filer

Dolan Ryan Thomas reported Exercise or conversion in Sphere Entertainment Co.: 269 units of Class A Common Stock, dated 2026-09-15. The full Form 4 contains 12 transaction entries.

Disclosed: Sep 17, 2026

Reported details

12 entries

All validated entries in this disclosure
Security	Owner	Date	Code	Action	Quantity	Price	Following holdings	Reporting delay	Filed terms and references
Class A Common Stock	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	269	0	4,328	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 269 transaction Price Per Share: 0 id: F1 transaction Acquired Disposed Code: A shares Owned Following Transaction: 4328 direct Or Indirect Ownership: D
Class A Common Stock	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	275	0	4,603	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 275 transaction Price Per Share: 0 id: F2 transaction Acquired Disposed Code: A shares Owned Following Transaction: 4603 direct Or Indirect Ownership: D
Class A Common Stock	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	321	0	4,924	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 321 transaction Price Per Share: 0 id: F3 transaction Acquired Disposed Code: A shares Owned Following Transaction: 4924 direct Or Indirect Ownership: D
Class A Common Stock	Dolan Ryan Thomas	2026-09-15	F	Tax/exercise withholding	309	144.12	4,615	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: F equity Swap Involved: false id: F4 transaction Shares: 309 transaction Price Per Share: 144.12 transaction Acquired Disposed Code: D shares Owned Following Transaction: 4615 direct Or Indirect Ownership: D
Class A Common Stock	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	807	0	5,422	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 807 transaction Price Per Share: 0 id: F5 transaction Acquired Disposed Code: A shares Owned Following Transaction: 5422 direct Or Indirect Ownership: D
Class A Common Stock	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	825	0	6,247	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 825 transaction Price Per Share: 0 id: F6 transaction Acquired Disposed Code: A shares Owned Following Transaction: 6247 direct Or Indirect Ownership: D
Class A Common Stock	Dolan Ryan Thomas	2026-09-15	F	Tax/exercise withholding	585	144.12	5,662	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: F equity Swap Involved: false id: F7 transaction Shares: 585 transaction Price Per Share: 144.12 transaction Acquired Disposed Code: D shares Owned Following Transaction: 5662 direct Or Indirect Ownership: D
Restricted Stock Units (derivative)	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	269	0.00	0	2 days	Filed terms security Title: Restricted Stock Units id: F1 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 269 transaction Price Per Share: 0.00 transaction Acquired Disposed Code: D id: F1 expiration Date: 2026-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 269 shares Owned Following Transaction: 0 direct Or Indirect Ownership: D
Restricted Stock Units (derivative)	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	275	0.00	0	2 days	Filed terms security Title: Restricted Stock Units id: F2 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 275 transaction Price Per Share: 0.00 transaction Acquired Disposed Code: D id: F2 expiration Date: 2026-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 275 shares Owned Following Transaction: 0 direct Or Indirect Ownership: D
Restricted Stock Units (derivative)	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	321	0.00	322	2 days	Filed terms security Title: Restricted Stock Units id: F3 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 321 transaction Price Per Share: 0.00 transaction Acquired Disposed Code: D id: F3 expiration Date: 2027-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 321 shares Owned Following Transaction: 322 direct Or Indirect Ownership: D
Performance Restricted Stock Units (derivative)	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	807	0.00	0	2 days	Filed terms security Title: Performance Restricted Stock Units id: F5 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 807 transaction Price Per Share: 0.00 transaction Acquired Disposed Code: D id: F5 expiration Date: 2026-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 807 shares Owned Following Transaction: 0 direct Or Indirect Ownership: D
Performance Restricted Stock Units (derivative)	Dolan Ryan Thomas	2026-09-15	M	Exercise or conversion	825	0.00	0	2 days	Filed terms security Title: Performance Restricted Stock Units id: F6 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 825 transaction Price Per Share: 0.00 transaction Acquired Disposed Code: D id: F6 expiration Date: 2026-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 825 shares Owned Following Transaction: 0 direct Or Indirect Ownership: D

Class A Common Stock

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 269
Price: 0
Following holdings: 4,328
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 269
transaction Price Per Share: 0
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 4328
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 275
Price: 0
Following holdings: 4,603
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 275
transaction Price Per Share: 0
id: F2
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 4603
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 321
Price: 0
Following holdings: 4,924
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 321
transaction Price Per Share: 0
id: F3
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 4924
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: F
Action: Tax/exercise withholding
Quantity: 309
Price: 144.12
Following holdings: 4,615
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: F
equity Swap Involved: false
id: F4
transaction Shares: 309
transaction Price Per Share: 144.12
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 4615
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 807
Price: 0
Following holdings: 5,422
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 807
transaction Price Per Share: 0
id: F5
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 5422
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 825
Price: 0
Following holdings: 6,247
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 825
transaction Price Per Share: 0
id: F6
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 6247
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: F
Action: Tax/exercise withholding
Quantity: 585
Price: 144.12
Following holdings: 5,662
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: F
equity Swap Involved: false
id: F7
transaction Shares: 585
transaction Price Per Share: 144.12
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 5662
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 269
Price: 0.00
Following holdings: 0
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Restricted Stock Units
id: F1
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 269
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F1
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 269
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 275
Price: 0.00
Following holdings: 0
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Restricted Stock Units
id: F2
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 275
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 275
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 321
Price: 0.00
Following holdings: 322
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Restricted Stock Units
id: F3
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 321
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F3
expiration Date: 2027-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 321
shares Owned Following Transaction: 322
direct Or Indirect Ownership: D

Performance Restricted Stock Units (derivative)

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 807
Price: 0.00
Following holdings: 0
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Performance Restricted Stock Units
id: F5
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 807
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F5
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 807
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Performance Restricted Stock Units (derivative)

Owner: Dolan Ryan Thomas
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 825
Price: 0.00
Following holdings: 0
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Performance Restricted Stock Units
id: F6
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 825
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F6
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 825
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.
Dolan Ryan Thomas: Director.
F1: Each restricted stock unit ("RSU") was granted on September 1, 2023 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs vested and were settled on September 15, 2026.
F2: Each RSU was granted on April 22, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs vested and were settled on September 15, 2026.
F3: Each RSU was granted on August 27, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2025. One-third of the RSUs vested and were settled on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.
F4: Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.
F5: Each performance restricted stock unit ("PSU") was granted on September 1, 2023 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 15, 2026.
F6: Each PSU was granted on April 22, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target. The PSUs vested and were settled on September 15, 2026.
F7: Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnotes 5 and 6, exempt under Rule 16b-3.

Original sources

SEC ownership filing

Prepared automatically from public filing data. Report a correction.

Security

Owner

Date

Code

Action

Quantity

Price

Following holdings

Reporting delay

Filed terms and references

Class A Common Stock

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

269

4,328

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 269
transaction Price Per Share: 0
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 4328
direct Or Indirect Ownership: D

Class A Common Stock

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

275

4,603

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 275
transaction Price Per Share: 0
id: F2
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 4603
direct Or Indirect Ownership: D

Class A Common Stock

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

321

4,924

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 321
transaction Price Per Share: 0
id: F3
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 4924
direct Or Indirect Ownership: D

Class A Common Stock

Dolan Ryan Thomas

2026-09-15

Tax/exercise withholding

309

144.12

4,615

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: F
equity Swap Involved: false
id: F4
transaction Shares: 309
transaction Price Per Share: 144.12
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 4615
direct Or Indirect Ownership: D

Class A Common Stock

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

807

5,422

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 807
transaction Price Per Share: 0
id: F5
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 5422
direct Or Indirect Ownership: D

Class A Common Stock

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

825

6,247

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 825
transaction Price Per Share: 0
id: F6
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 6247
direct Or Indirect Ownership: D

Class A Common Stock

Dolan Ryan Thomas

2026-09-15

Tax/exercise withholding

585

144.12

5,662

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: F
equity Swap Involved: false
id: F7
transaction Shares: 585
transaction Price Per Share: 144.12
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 5662
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

269

0.00

2 days

Filed terms

security Title: Restricted Stock Units
id: F1
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 269
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F1
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 269
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

275

0.00

2 days

Filed terms

security Title: Restricted Stock Units
id: F2
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 275
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 275
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

321

0.00

322

2 days

Filed terms

security Title: Restricted Stock Units
id: F3
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 321
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F3
expiration Date: 2027-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 321
shares Owned Following Transaction: 322
direct Or Indirect Ownership: D

Performance Restricted Stock Units (derivative)

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

807

0.00

2 days

Filed terms

security Title: Performance Restricted Stock Units
id: F5
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 807
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F5
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 807
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Performance Restricted Stock Units (derivative)

Dolan Ryan Thomas

2026-09-15

Exercise or conversion

825

0.00

2 days

Filed terms

security Title: Performance Restricted Stock Units
id: F6
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 825
transaction Price Per Share: 0.00
transaction Acquired Disposed Code: D
id: F6
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 825
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.

Dolan Ryan Thomas: Director.

F1: Each restricted stock unit ("RSU") was granted on September 1, 2023 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs vested and were settled on September 15, 2026.

F2: Each RSU was granted on April 22, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs vested and were settled on September 15, 2025. The remaining one-third of the RSUs vested and were settled on September 15, 2026.

F3: Each RSU was granted on August 27, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2025. One-third of the RSUs vested and were settled on September 15, 2026. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2027.

F4: Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.

F5: Each performance restricted stock unit ("PSU") was granted on September 1, 2023 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 15, 2026.

F6: Each PSU was granted on April 22, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target. The PSUs vested and were settled on September 15, 2026.

F7: Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnotes 5 and 6, exempt under Rule 16b-3.