X0306 4 2020-08-25 0 0001795250 Madison Square Garden Entertainment Corp. MSGE 0000933028 DOLAN JAMES LAWRENCE TWO PENNSYLVANIA PLAZA NEW YORK NY 10121 1 1 0 1 Executive Chairman and CEO Member of 13(d) Group 0001480991 Dolan Kristin A TWO PENNSYLVANIA PLAZA NEW YORK NY 10121 1 0 0 0 Class A Common Stock 2020-08-25 4 A 0 17473 0.00 A 185254 D Class A Common Stock 2020-08-25 4 A 0 1420 0.00 A 186674 D Class A Common Stock 2020-08-25 4 F 0 7243 71.00 D 179431 D Class A Common Stock 10195 I By Spouse Class A Common Stock 491 I By Minor Children Restricted Stock Unit 2020-08-25 4 A 0 39091 0.00 A 2023-09-15 Class A Common Stock 39091 39091 D Each performance stock unit ("PSU") was granted on April 17, 2020 under the Madison Square Garden Entertainment Corp. ("MSGE") 2020 Employee Stock Plan (the "2020 Employee Stock Plan") in respect of a PSU granted by Madison Square Garden Sports Corp. ("MSGS") on August 30, 2017. The PSUs vested on August 25, 2020 upon the achievement of performance criteria established by MSGS at the time of the grant of the MSGS PSU. Includes shares held jointly with spouse. Securities held directly by James L. Dolan, Kristin A. Dolan's spouse, or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Each PSU was granted on April 17, 2020 under the 2020 Employee Stock Plan in respect of a PSU granted by MSGS on October 3, 2018. The PSUs vested on August 25, 2020 upon the achievement of performance criteria established by MSGS at the time of the grant of the MSGS PSU. Represents PSUs of MSGE withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 1 and 4 above, exempt under Rule 16b-3. Securities held directly by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Reporting Persons disclaim beneficial ownership of all securities of MSGE beneficially owned and deemed to be beneficially owned by their minor children and this filing shall not be deemed an admission that Reporting Persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Each restricted stock unit ("RSU") was granted on August 25, 2020 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 RSUs will vest and settle in three equal installments on September 15, 2021, September 15, 2022 and September 15, 2023. /s/ James L. Dolan 2020-08-27 /s/ Emma Y. Barnett, Attorney-in-Fact for Kristin A. Dolan 2020-08-27