Form 4: Lions Gate Entertainment Vice Chair Michael Burns Reports Changes in Beneficial Ownership

Michael Burns, Vice Chair of Lions Gate Entertainment, reports a transaction involving Class B Common Shares on May 14, 2024, resulting in an updated beneficial ownership.

Summary

• On May 16, 2024, Michael Burns, Vice Chair of Lions Gate Entertainment Corp, filed a Form 4 with the SEC.
• The form reports changes in beneficial ownership of Lions Gate Entertainment Corp shares.
• On May 14, 2024, Burns disposed of 11,893 Class B Common Shares at a price of $9.97 per share.
• Following the transaction, Burns beneficially owns 1,626,573 Class B Common Shares.
• This amount includes 209,832 restricted share units that are scheduled to vest in three equal annual installments beginning July 3, 2024.
• Burns also directly owns 1,037,746 Class A Common Shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by an insider, and does not inherently convey positive or negative sentiment.

Future Outlook

The document does not contain specific forward-looking statements, but it does mention the vesting schedule for restricted share units.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in the entertainment industry.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates