SEC FORM 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person ^*

MSG Knickerbockers Corp.

(Last)

(First)

(Middle)

TWO PENNSYLVANIA PLAZA

(Street)

NEW YORK

10121

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MSG Rangers Corp. [ MSGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	10/20/2026		J⁽¹⁾	V	100 ⁽¹⁾	D	⁽¹⁾	0 ⁽¹⁾	D
Class A Common Stock	10/20/2026		J⁽¹⁾	V	9,794,568 ⁽¹⁾	A	⁽¹⁾	9,794,568 ⁽¹⁾	D
Class A Common Stock	10/26/2026		J⁽²⁾		9,794,568 ⁽²⁾	D	⁽²⁾	0 ⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	10/20/2026		J⁽¹⁾	V	2,264,754 ⁽¹⁾		⁽³⁾	⁽³⁾	Class A Common Stock	2,264,754	⁽¹⁾	2,264,754 ⁽¹⁾	D
Class B Common Stock	⁽²⁾	10/26/2026		J⁽²⁾			2,264,754 ⁽²⁾	⁽³⁾	⁽³⁾	Class A Common Stock	2,264,754	⁽²⁾	0 ⁽²⁾	D

Explanation of Responses:

1. Pursuant to the Amended and Restated Articles of Incorporation of MSGS Spinco, Inc. (to be renamed MSG Rangers Corp. and referred to herein as "MSGR") filed by MSGR on October 20, 2026, the 100 outstanding shares of common stock of MSGR were automatically converted into an aggregate of 9,794,568 fully-paid and nonassessable shares of Class A Common Stock of MSGR and 2,264,754 fully-paid and nonassessable shares of Class B Common Stock of MSGR (the "Recapitalization"), in a transaction exempt pursuant to Rule 16b-7 under the Securities Exchange Act of 1934 (the "Exchange Act"). The Recapitalization did not result in a change in the pecuniary interest of Madison Square Garden Sports Corp. (to be renamed MSG Knickerbockers Corp. and referred to herein as "MSGK") in MSGR.

2. On October 26, 2026, MSGK distributed one share of MSGR Class A Common Stock and Class B Common Stock to its stockholders for every two shares of MSGK Class A Common Stock and MSGK Class B Common Stock, respectively (the "Distribution"), in a transaction exempt under Section 16 pursuant to Rule 16a-9 under the Exchange Act. As a result of the Distribution, MSGK no longer beneficially owns any shares of MSGR and consequently is no longer subject to the requirements of Section 16 of the Exchange Act with respect to MSGR.

3. Class B Common Stock of MSGR is convertible at the option of the holder on a one-for-one basis into Class A Common Stock of MSGR.

	/s/ Mark C. Cresitello, SVP, Deputy General Counse and Secretary of MSG Knickerbockers Corp.	10/28/2026
	** Signature of Reporting Person	Date
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