Form 4: Lionsgate Studios Corp. Director Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John D. Harkey Jr., a director of Lionsgate Studios Corp., reports changes in his beneficial ownership of common shares and restricted share units following transactions related to the Arrangement Agreement.
Summary
- On May 9, 2025, John D. Harkey Jr., a director of Lionsgate Studios Corp., filed a Form 4 to report changes in his beneficial ownership.
- The reported transactions are related to the consummation of the Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
- As part of the agreement, equity awards outstanding under Lions Gate Entertainment Corp. (LGEC) equity plans were converted into awards of Lionsgate Studios Corp. under the New Lionsgate 2025 Plan.
- Harkey acquired 20,066 common shares at $0 and disposed of 20,066 shares.
- Following the reported transactions, Harkey beneficially owns 172,540 common shares, which includes 20,066 restricted share units (RSUs) scheduled to vest on November 29, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing reflects standard insider trading reporting requirements following a corporate transaction (the Arrangement Agreement) that resulted in changes to equity award structures. Such filings are common after mergers, spin-offs, or other significant corporate events.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor confidence.
- Employees holding equity awards are affected by the conversion of LGEC awards to Lionsgate Studios Corp. awards.
Key Dates
| Date | Description |
|---|---|
| 2025-01-29 | Date of the Arrangement Agreement by and among the Issuer, Lions Gate Entertainment Corp. (LGEC), LG Sirius Holdings ULC and Lionsgate Studios Holding Corp. |
| 2025-03-12 | Date of the amending agreement to the Arrangement Agreement. |
| 2025-05-06 | Consummation of the transactions contemplated by the Arrangement Agreement. |
| 2025-05-09 | Date of the reported transaction (acquisition and disposition of shares). |
| 2025-05-13 | Date of signature for the Form 4 filing. |
| 2025-11-29 | Scheduled vesting date for 20,066 restricted share units (RSUs). |
Keywords
beneficial ownership, Form 4, Lionsgate Studios Corp., John D. Harkey Jr., equity awards, Arrangement Agreement, restricted share units, common shares
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