Form 4: Cinemark CEO Transfers Shares to Joint Revocable Trust
SEC Form 4 Filing
Cinemark Holdings CEO Sean Gamble transferred 204,776 shares of common stock to a joint revocable trust on September 24, 2024.
Summary
- On September 24, 2024, Sean Gamble, the CEO of Cinemark Holdings, Inc., transferred 204,776 shares of Cinemark common stock to the Joint Revocable Trust of Sean Robert Gamble and Luminita Spetcu.
- The transfer was made for no consideration.
- Following the transaction, Mr. Gamble directly owns 578,000 shares.
- Mr. Gamble and his spouse are co-trustees of the trust, and he and his family are the sole beneficiaries.
- Mr. Gamble remains a beneficial owner of the securities held by the trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding a stock transfer, indicating a neutral sentiment.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transfer of shares to a trust may have a minor impact on shareholders, but it is unlikely to be significant as the CEO remains a beneficial owner.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of stock transfer to Joint Revocable Trust |
| 03/27/2025 | Date of signature by attorney-in-fact |
Keywords
Cinemark, Sean Gamble, stock transfer, beneficial ownership, Form 4, Joint Revocable Trust, CNK
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