Form 4: Charles F. Dolan Reports Changes in Beneficial Ownership of AMC Networks Inc.
SEC Filing Form 4
Charles F. Dolan, a director and 10% owner of AMC Networks Inc., reports a transaction involving Class A Common Stock on March 28, 2024.
Summary
- Charles F. Dolan, a director and 10% owner of AMC Networks Inc., filed a Form 4 with the SEC.
- The report details a transaction on March 28, 2024, involving the withdrawal of 109,322 shares of Class A Common Stock from a trust in exchange for cash at a price of $12.205 per share.
- Following the transaction, Dolan directly owns 109,322 shares of Class A Common Stock and indirectly owns 763,807 shares through the CFD 2009 Revocable Trust.
- Class B Common Stock is convertible into Class A Common Stock on a 1:1 basis.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It provides transparency to the market regarding the transactions of key individuals associated with AMC Networks.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects a change in ownership by a significant shareholder.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction involving Class A Common Stock. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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