Director Thomas Charles Dolan filed a Form 4 with the SEC on October 28, 2026, reporting changes in beneficial ownership of MSG Rangers Corp. securities arising from the spin-off of MSG Rangers Corp. from MSG Knickerbockers Corp. on October 26, 2026.

Key Highlights

  • Spin-off completed: MSG Rangers Corp. (formerly MSGS Spinco, Inc.) was spun off from MSG Knickerbockers Corp. (formerly Madison Square Garden Sports Corp.) with a distribution date of October 26, 2026.
  • Distribution ratio: According to the filing, MSGK distributed one share of Class A Common Stock and Class B Common Stock for every two shares of MSGK Class A and Class B common stock, respectively.
  • Direct ownership after distribution: Dolan directly holds 13,630 shares of Class A Common Stock following all reported transactions.
  • RSU-related shares: Dolan received 3,754 shares of Class A Common Stock in connection with the Distribution pursuant to vested MSGK restricted stock units, granted under the MSGR 2026 Stock Plan for Non-Employee Directors.
  • Indirect holdings cleared: Indirect beneficial ownership of 9,794,568 shares of Class A Common Stock and 2,264,754 shares of Class B Common Stock held by MSG Knickerbockers Corp. and its subsidiaries was reduced to zero following the spin-off transactions.
  • Class B convertibility: According to the filing, Class B Common Stock is convertible at the option of the holder on a share-for-share basis into Class A Common Stock.

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

According to the Form 4 filed October 28, 2026, director Thomas Charles Dolan reported multiple changes in his beneficial ownership of MSG Rangers Corp. (NASDAQ:MSGR) securities. The changes stem from the spin-off of MSGR from MSG Knickerbockers Corp. on October 20 and October 26, 2026. The filing notes that on October 20, 2026, the issued and outstanding common stock of MSGR was recapitalized into Class A Common Stock and Class B Common Stock "in a transaction exempt under Rule 16b-7."

On October 26, 2026, MSGK completed the distribution, delivering 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 MSGK stockholders. The filing identifies the distribution as "a transaction exempt under Rule 16a-9." Prior to this distribution, Dolan held indirect beneficial ownership, through MSG Knickerbockers Corp. and its subsidiaries, of 9,794,568 shares of Class A Common Stock and 2,264,754 shares of Class B Common Stock. Both indirect positions were reported as reduced to zero following the October 26 transactions.

Dolan's direct holdings after all reported transactions stand at 13,630 shares of Class A Common Stock. Of those, 9,876 shares were received in connection with the Distribution and are described in the filing as exempt under Rules 16a-9 and 16b-3. An additional 3,754 shares were received pursuant to vested MSGK restricted stock units, with the filing stating that "Reporting Person received one share of Class A Common Stock in respect of every two vested MSGK RSUs," and that those shares were granted under the MSGR 2026 Stock Plan for Non-Employee Directors. All transactions in Table I and Table II carry transaction code "J," indicating transactions otherwise not reportable under specific exemptions noted.

What Was Disclosed

Director Thomas Charles Dolan disclosed ownership changes in MSG Rangers Corp. securities resulting from the MSGK spin-off, including recapitalization on October 20, 2026, and a stock distribution on October 26, 2026, leaving him with 13,630 directly held Class A shares.