Form 4: Cinemark Director Rosenberg Transfers Shares to Family Trusts
Insider Transaction Report
Cinemark Holdings, Inc. Director Steve Rosenberg reported a series of non-consideration transfers of common stock to family trusts and an investment entity.
Summary
- Steve Rosenberg, a Director of Cinemark Holdings, Inc. (CNK), reported multiple transfers of common stock.
- These transactions, coded 'G' for gift/grant/transfer, were made for no consideration ($0 price).
- Shares were primarily moved from Rosenberg's direct ownership to a Family Trust, for which he is a trustee.
- Later, shares were transferred from the Family Trust to EAD Investments, Ltd., an entity owned by Rosenberg (49.5%), his spouse (49.5%), and SPR Ventures I, Inc. (1%), which Rosenberg also owns.
- The reported transfers span a period from April 1, 2009, to August 9, 2024, indicating a long-term restructuring of beneficial ownership.
Sentiment
Score: 5
Explanation: The filing reports internal transfers of shares for no consideration, which are neutral in terms of market sentiment as they do not reflect a sale or purchase for value.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Transfers of common stock were made to a Family Trust for which the reporting person, Steve Rosenberg, is a trustee.
- Transfers of common stock were made to EAD Investments, Ltd., an entity owned by Steve Rosenberg (49.5%), his spouse (49.5%), and SPR Ventures I, Inc. (1%), with SPR Ventures I, Inc. also owned by Steve Rosenberg.
Stakeholder Impact
- Shareholders: No direct impact on the total outstanding shares or market capitalization, as these are internal transfers of beneficial ownership and not open market transactions.
- Employees, Customers, Suppliers, Creditors: No direct impact from these beneficial ownership transfers.
Key Dates
| Date | Description |
|---|---|
| 04/01/2009 | Transfer of 7,745 shares of common stock to the Family Trust for no consideration. |
| 04/21/2010 | Transfer of 10,121 shares of common stock to the Family Trust for no consideration. |
| 04/01/2011 | Transfer of 5,414 shares of common stock to the Family Trust for no consideration. |
| 12/14/2012 | Transfer of 5,005 shares of common stock to the Family Trust for no consideration. |
| 04/19/2013 | Transfer of 7,929 shares of common stock to the Family Trust for no consideration. |
| 04/01/2016 | Transfer of 3,300 shares of common stock to the Family Trust for no consideration. |
| 08/09/2017 | Transfer of 5,880 shares of common stock to the Family Trust for no consideration. |
| 07/11/2018 | Transfer of 2,822 shares of common stock to the Family Trust for no consideration. |
| 07/03/2019 | Transfer of 3,211 shares of common stock to the Family Trust for no consideration. |
| 12/01/2020 | Transfer of 51,427 shares of common stock from the Family Trust to EAD Investments, Ltd. for no consideration. |
| 07/16/2021 | Transfer of 10,516 shares of common stock to the Family Trust for no consideration. |
| 07/29/2021 | Transfer of 10,516 shares of common stock from the Family Trust to EAD Investments, Ltd. for no consideration. |
| 07/21/2022 | Transfer of 5,203 shares of common stock to the Family Trust for no consideration. |
| 07/10/2023 | Transfer of 8,406 shares of common stock to the Family Trust for no consideration. |
| 08/09/2024 | Transfer of 7,867 shares of common stock to the Family Trust for no consideration. |
| 12/22/2025 | Date of filing. |
Keywords
Cinemark Holdings, CNK, Steve Rosenberg, Form 4, Insider Transaction, Beneficial Ownership, Stock Transfer, Family Trust, Director
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