MSGS: Ripp Christopher discloses securities transactions

By AlphaYouPublished Sep 23, 2026Form 4

Stocks in this disclosure

Reported activity

Ripp Christopher

Reporting filer

Ripp Christopher reported Exercise or conversion in Madison Square Garden Sports Corp.: 51 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	Ripp Christopher	2026-09-15	M	Exercise or conversion	51	0	130.324	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: 51 transaction Price Per Share: 0 id: F1 transaction Acquired Disposed Code: A shares Owned Following Transaction: 130.324 direct Or Indirect Ownership: D
Class A Common Stock	Ripp Christopher	2026-09-15	M	Exercise or conversion	50	0	180.324	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: 50 transaction Price Per Share: 0 id: F2 transaction Acquired Disposed Code: A shares Owned Following Transaction: 180.324 direct Or Indirect Ownership: D
Class A Common Stock	Ripp Christopher	2026-09-15	M	Exercise or conversion	75	0	255.324	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: 75 transaction Price Per Share: 0 id: F3 transaction Acquired Disposed Code: A shares Owned Following Transaction: 255.324 direct Or Indirect Ownership: D
Class A Common Stock	Ripp Christopher	2026-09-15	M	Exercise or conversion	64	0	319.324	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: 64 transaction Price Per Share: 0 id: F4 transaction Acquired Disposed Code: A shares Owned Following Transaction: 319.324 direct Or Indirect Ownership: D
Class A Common Stock	Ripp Christopher	2026-09-15	F	Tax/exercise withholding	86	393.27	233.324	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: F5 transaction Shares: 86 transaction Price Per Share: 393.27 transaction Acquired Disposed Code: D shares Owned Following Transaction: 233.324 direct Or Indirect Ownership: D
Class A Common Stock	Ripp Christopher	2026-09-15	M	Exercise or conversion	149	0	382.324	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: 149 transaction Price Per Share: 0 id: F6 transaction Acquired Disposed Code: A shares Owned Following Transaction: 382.324 direct Or Indirect Ownership: D
Class A Common Stock	Ripp Christopher	2026-09-15	F	Tax/exercise withholding	53	393.27	329.324	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: 53 transaction Price Per Share: 393.27 transaction Acquired Disposed Code: D shares Owned Following Transaction: 329.324 direct Or Indirect Ownership: D
Restricted Stock Units (derivative)	Ripp Christopher	2026-09-15	M	Exercise or conversion	51	0	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: 51 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F1 expiration Date: 2026-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 51 shares Owned Following Transaction: 0 direct Or Indirect Ownership: D
Restricted Stock Units (derivative)	Ripp Christopher	2026-09-15	M	Exercise or conversion	50	0	50	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: 50 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F2 expiration Date: 2027-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 50 shares Owned Following Transaction: 50 direct Or Indirect Ownership: D
Restricted Stock Units (derivative)	Ripp Christopher	2026-09-15	M	Exercise or conversion	75	0	151	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: 75 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F3 expiration Date: 2028-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 75 shares Owned Following Transaction: 151 direct Or Indirect Ownership: D
Restricted Stock Units (derivative)	Ripp Christopher	2026-09-15	M	Exercise or conversion	64	0	128	2 days	Filed terms security Title: Restricted Stock Units id: F4 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: false transaction Shares: 64 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F4 expiration Date: 2028-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 64 shares Owned Following Transaction: 128 direct Or Indirect Ownership: D
Performance Restricted Stock Units (derivative)	Ripp Christopher	2026-09-15	M	Exercise or conversion	149	0	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: 149 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F6 expiration Date: 2026-09-15 underlying Security Title: Class A Common Stock underlying Security Shares: 149 shares Owned Following Transaction: 0 direct Or Indirect Ownership: D

Class A Common Stock

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 51
Price: 0
Following holdings: 130.324
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: 51
transaction Price Per Share: 0
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 130.324
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 50
Price: 0
Following holdings: 180.324
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: 50
transaction Price Per Share: 0
id: F2
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 180.324
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 75
Price: 0
Following holdings: 255.324
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: 75
transaction Price Per Share: 0
id: F3
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 255.324
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 64
Price: 0
Following holdings: 319.324
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: 64
transaction Price Per Share: 0
id: F4
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 319.324
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Ripp Christopher
Date: 2026-09-15
Code: F
Action: Tax/exercise withholding
Quantity: 86
Price: 393.27
Following holdings: 233.324
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: F5
transaction Shares: 86
transaction Price Per Share: 393.27
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 233.324
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 149
Price: 0
Following holdings: 382.324
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: 149
transaction Price Per Share: 0
id: F6
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 382.324
direct Or Indirect Ownership: D

Class A Common Stock

Owner: Ripp Christopher
Date: 2026-09-15
Code: F
Action: Tax/exercise withholding
Quantity: 53
Price: 393.27
Following holdings: 329.324
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: 53
transaction Price Per Share: 393.27
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 329.324
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 51
Price: 0
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: 51
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F1
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 51
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 50
Price: 0
Following holdings: 50
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: 50
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2027-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 50
shares Owned Following Transaction: 50
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 75
Price: 0
Following holdings: 151
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: 75
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F3
expiration Date: 2028-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 75
shares Owned Following Transaction: 151
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 64
Price: 0
Following holdings: 128
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Restricted Stock Units
id: F4
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 64
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F4
expiration Date: 2028-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 64
shares Owned Following Transaction: 128
direct Or Indirect Ownership: D

Performance Restricted Stock Units (derivative)

Owner: Ripp Christopher
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 149
Price: 0
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: 149
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F6
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 149
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.
Ripp Christopher: SVP, Controller and PAO.
F1: Each restricted stock unit ("RSU") was granted on August 28, 2023 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 August 29, 2024 under the 2015 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.
F3: Each RSU was granted on August 21, 2025 under the 2015 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, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.
F4: Each RSU was granted on April 16, 2026 under the 2015 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, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.
F5: Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.
F6: Each performance restriced stock unit ("PSU") was granted on August 28, 2023 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 26, 2026 and the PSUs vested and were settled on September 15, 2026.
F7: Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 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

Ripp Christopher

2026-09-15

Exercise or conversion

130.324

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: 51
transaction Price Per Share: 0
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 130.324
direct Or Indirect Ownership: D

Class A Common Stock

Ripp Christopher

2026-09-15

Exercise or conversion

180.324

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: 50
transaction Price Per Share: 0
id: F2
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 180.324
direct Or Indirect Ownership: D

Class A Common Stock

Ripp Christopher

2026-09-15

Exercise or conversion

255.324

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: 75
transaction Price Per Share: 0
id: F3
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 255.324
direct Or Indirect Ownership: D

Class A Common Stock

Ripp Christopher

2026-09-15

Exercise or conversion

319.324

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: 64
transaction Price Per Share: 0
id: F4
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 319.324
direct Or Indirect Ownership: D

Class A Common Stock

Ripp Christopher

2026-09-15

Tax/exercise withholding

393.27

233.324

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: F5
transaction Shares: 86
transaction Price Per Share: 393.27
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 233.324
direct Or Indirect Ownership: D

Class A Common Stock

Ripp Christopher

2026-09-15

Exercise or conversion

149

382.324

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: 149
transaction Price Per Share: 0
id: F6
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 382.324
direct Or Indirect Ownership: D

Class A Common Stock

Ripp Christopher

2026-09-15

Tax/exercise withholding

393.27

329.324

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: 53
transaction Price Per Share: 393.27
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 329.324
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Ripp Christopher

2026-09-15

Exercise or conversion

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: 51
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F1
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 51
shares Owned Following Transaction: 0
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Ripp Christopher

2026-09-15

Exercise or conversion

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: 50
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2027-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 50
shares Owned Following Transaction: 50
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Ripp Christopher

2026-09-15

Exercise or conversion

151

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: 75
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F3
expiration Date: 2028-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 75
shares Owned Following Transaction: 151
direct Or Indirect Ownership: D

Restricted Stock Units (derivative)

Ripp Christopher

2026-09-15

Exercise or conversion

128

2 days

Filed terms

security Title: Restricted Stock Units
id: F4
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: false
transaction Shares: 64
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F4
expiration Date: 2028-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 64
shares Owned Following Transaction: 128
direct Or Indirect Ownership: D

Performance Restricted Stock Units (derivative)

Ripp Christopher

2026-09-15

Exercise or conversion

149

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: 149
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F6
expiration Date: 2026-09-15
underlying Security Title: Class A Common Stock
underlying Security Shares: 149
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.

Ripp Christopher: SVP, Controller and PAO.

F1: Each restricted stock unit ("RSU") was granted on August 28, 2023 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 August 29, 2024 under the 2015 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.

F3: Each RSU was granted on August 21, 2025 under the 2015 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, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.

F4: Each RSU was granted on April 16, 2026 under the 2015 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, 2026. One-third of the RSUs are scheduled to vest and settle on September 15, 2027. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2028.

F5: Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, 3 and 4, exempt under Rule 16b-3.

F6: Each performance restriced stock unit ("PSU") was granted on August 28, 2023 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 26, 2026 and the PSUs vested and were settled on September 15, 2026.

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