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SC 13D/A ·Filed Oct 22, 2026

SPHR

Sphere Entertainment Co.
NEUTRAL
Impact 2/10
Horizonimmediate Processed4d 14h ago SEC0001104659-26-118147
Activist stake amendment (position change)
Actionable Insight • Neutral

This is a purely administrative amendment triggered by option vesting. No change in activist posture, ownership strategy, or control intent. Monitor the next quarterly filing for any open-market activity or changes in the group's stated purpose.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+1d ⚠ clustered
SPHR ▲ +1.38% at T+1d
NEUTRAL call +1.38% · α vs SPY +0.67% · entry $108.94 → $110.44
Next anchor: T+5d in 2d
Entry = T+0 close
Oct 22, 2026
via day close
T+1d
+1.38%
call +1.38% · α +0.67%
$110.44
settled 4d ago
T+5d
Pending
in 2d
T+20d
Pending
in 23d
T+60d
Pending
in 3mo

Price Chart

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Executive Summary

The Dolan family group filed Amendment No. 9 to their Schedule 13D for Sphere Entertainment Co., reporting that options previously granted to James L. Dolan covering 1,415,602 shares of Class A Common Stock have become exercisable within 60 days. The aggregate beneficial ownership of the group remains at approximately 26.7% of total common stock outstanding, with no open-market purchases or sales by the reporting persons since the prior amendment. This is a routine administrative update reflecting option vesting, not a change in control intent or activist activity.

Key Financial Metrics

Stake
26.7%
Investor
Dolan family group (James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, Marianne Dolan Weber, Deborah A. Dolan-Sweeney, Patrick F. Dolan, Corby Dolan Leinauer, Mary S. Dolan, Paul J. Dolan, Matthew J. Dolan, Richard Baccari, and related trusts)

Key Facts

  • Amendment No. 9 filed October 22, 2026, solely to report that options covering 1,415,602 shares of Class A Common Stock held by James L. Dolan are now exercisable within 60 days.
  • No transactions in Class A Common Stock were effected by any reporting person since Amendment No. 8.
  • Group members collectively beneficially own 9,974,940 shares of Class A Common Stock (including 6,866,754 shares issuable upon conversion of Class B Common Stock), representing approximately 26.7% of total common stock outstanding.
  • James L. Dolan's individual deemed beneficial ownership is 4,756,964 shares (14.5% of Class A Common Stock outstanding).
  • The filing includes a new Joint Filing Agreement (Exhibit D.4) dated October 22, 2026.

Financial Impact

No financial impact — the filing reflects option vesting, not new capital deployment or change in economic exposure.

Risk Factors

  • No new risks identified — the filing does not introduce any material risk to the company or its shareholders.

Investment Themes

Services

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
SC 13D/A Filing (Primary)0001104659-26-118147
Document: tm2627933d1_ex99-d4.htm0001104659-26-118147
Document: 0001104659-26-118147-index-headers.html0001104659-26-118147
Document: 0001104659-26-118147-index.html0001104659-26-118147
Document: 0001104659-26-118147.txt0001104659-26-118147
3 reports for SPHR
Performance horizon

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Reports for SPHR — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
SC 13D/A
NEUTRAL ★ 2/10
$108.94 $110.44▲ +1.38%▲ +0.67%$110.44 (+1.38%)
Oct 21, 2026
5d ago
Institutional Cluster
BULLISH ★ 4/10
$111.61 $108.94▼ −2.39%▼ −1.87%$110.44 (−1.05%)
May 5, 2026
24w ago
8-K
BULLISH ★ 7/10
$136.60 $143.95▲ +5.38%▲ +4.00%$110.44 (−19.15%)
Showing 3 of 3

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Report published Oct 22, 2026