Form 4: Yvette Ostolaza Reports Changes in Beneficial Ownership of Starz Entertainment Corp. Shares Following Arrangement Agreement

Director Yvette Ostolaza reports the exchange of Starz Entertainment Corp. shares for New Lionsgate and Starz shares following the consummation of an arrangement agreement.

Summary

• On May 6, 2025, Yvette Ostolaza, a director of Starz Entertainment Corp., reported changes in her beneficial ownership of the company's shares.
• This change occurred due to the consummation of an arrangement agreement dated January 29, 2025, and amended on March 12, 2025.
• As a result of the agreement, each of Ostolaza's Class A voting shares and Class B non-voting shares were exchanged for new common shares of New Lionsgate and Starz.
• The exchange was conducted pursuant to the Initial Share Exchange, Second Share Exchange, and Reverse Stock Split as defined in the Form S-4 registration statement.
• Ostolaza's direct ownership of 45,927 Class A Common Shares and 40,120 Class B Common Shares was reduced to zero as a result of the transaction.
• Equity awards held by employees, service providers, and directors of Starz were converted into awards of New Lionsgate and Starz under their respective 2025 plans, preserving the aggregate fair market value of the awards.

Sentiment

Score: 7

Explanation: The document describes a completed corporate transaction, which is generally neutral to positive as it signifies progress and resolution of a strategic initiative. The sentiment is moderately positive as it reflects the execution of a planned arrangement.

Future Outlook

The document outlines the completion of a transaction that restructures the equity ownership of Starz Entertainment Corp., with future equity awards to be governed by the New Lionsgate 2025 Plan and the Starz 2025 Plan.

Industry Context

This announcement reflects a corporate restructuring event, where Starz Entertainment Corp. is involved in an arrangement agreement with Lionsgate Studios Corp., indicating potential shifts in the media and entertainment landscape.

Stakeholder Impact

• Shareholders of Starz Entertainment Corp. experienced a change in their holdings, receiving shares of New Lionsgate and Starz.
• Employees and service providers of Starz had their equity awards converted into awards of New Lionsgate or Starz, depending on their future employment.
• Directors of Starz who will serve on both New Lionsgate and Starz boards had their equity awards partially converted into awards of both entities.

Key Dates

Keywords

Starz Entertainment Corp, Yvette Ostolaza, beneficial ownership, arrangement agreement, Lionsgate, share exchange, Form 4, director