SCHEDULE: Douglas Family Updates IMAX Stake in Latest SEC Filing

An amendment to Schedule 13D details the beneficial ownership of IMAX Corporation common shares by the Douglas family and related trusts, with Kevin Douglas holding 16.5% and Michelle Douglas holding 12.1%.

Summary

• The filing is Amendment No. 10 to the Schedule 13D for IMAX Corporation, updating beneficial ownership information for the Douglas family and related entities.
• The calculation of ownership percentages is based on 53,798,934 common shares outstanding as of September 30, 2025, as reported in IMAX's 10-Q filed on October 23, 2025.
• Kevin Douglas beneficially owns 8,885,073 shares, representing 16.5% of the common shares.
• Michelle Douglas beneficially owns 6,509,439 shares, representing 12.1% of the common shares.
• James E. Douglas, III beneficially owns 1,363,645 shares, representing 2.5% of the common shares.
• The K&M Douglas Trust beneficially owns 3,862,346 shares, representing 7.2% of the common shares.
• Other trusts, including Irrevocable Descendant's Trusts and Nonexempt Trusts, along with Celtic Financial LLC, also hold significant stakes, contributing to the overall beneficial ownership by the Douglas family group.
• No transactions in IMAX common shares were effected by the Filers within the past sixty days.

Sentiment

Score: 5

Explanation: The filing is a routine amendment to a beneficial ownership report (Schedule 13D/A), providing updated ownership percentages without indicating any new strategic moves, transactions, or significant changes in intent. It is neutral in sentiment as it primarily serves a disclosure purpose.

Positives

• The continued significant beneficial ownership by the Douglas family and related trusts indicates a stable, long-term interest in IMAX Corporation.
• No recent transactions by the Filers suggest a consistent holding strategy.

Negatives

• No specific negative information about IMAX Corporation is contained within this beneficial ownership update.

Risks

• No specific risks related to IMAX Corporation's operations or financial health are disclosed in this beneficial ownership filing.
• None of the Filers were party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Future Outlook

NA

Industry Context

NA

Legal Proceedings

• None of the Filers were party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant beneficial ownership by the Douglas family and related trusts, indicating a stable, long-term interest in the company.

Key Dates

Recommendation

This filing is a routine amendment to a Schedule 13D, updating beneficial ownership percentages for the Douglas family and related trusts in IMAX Corporation. It reports no transactions in the past 60 days and no change in investment intent. As such, it provides no new information that would fundamentally alter the investment thesis for IMAX, suggesting a 'hold' recommendation for existing investors.

Keywords

IMAX, beneficial ownership, Schedule 13D, Douglas family, common shares, SEC filing, institutional ownership