Form 4: Cinemark Officer Transfers Shares to Family Trust
Insider Transaction Report
Valmir Fernandes, President of Cinemark International, transferred 88,130 shares of Cinemark Holdings common stock to a revocable family trust for no consideration.
Summary
- Valmir Fernandes, President of Cinemark International for Cinemark Holdings, Inc. (CNK), transferred 88,130 shares of common stock.
- The transfer occurred on April 23, 2025, for no consideration.
- The shares were moved to a revocable family trust, with Mr. Fernandes serving as a trustee.
- Mr. Fernandes remains an indirect beneficial owner of the 88,130 shares held by the VF Trust.
- Following the transaction, Mr. Fernandes directly owns 42,483 shares.
Sentiment
Score: 5
Explanation: This is a neutral transaction involving an insider transferring shares to a family trust for estate planning purposes, with no direct market impact or change in beneficial ownership for the reporting person.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal impact on shareholders as this is an internal transfer for estate planning and does not represent a market sale or purchase. The reporting person retains indirect beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Date of transaction where shares were transferred to a trust. |
| 12/22/2025 | Date the Form 4 was signed and filed. |
Keywords
Cinemark Holdings, CNK, Valmir Fernandes, Insider Transaction, Form 4, Stock Transfer, Family Trust, Corporate Officer
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