Form 4: Lionsgate Studios Corp. Executive Bruce Tobey Reports Changes in Beneficial Ownership Following Share Exchange

Executive Bruce Tobey reports changes in beneficial ownership of Lionsgate Studios Corp. common shares following a share exchange related to the Arrangement Agreement.

Summary

• On May 6, 2025, Bruce Tobey, an Executive Vice President and General Counsel at Lionsgate Studios Corp., reported changes in beneficial ownership of the company's common shares.
• This change occurred in connection with the consummation of transactions outlined in the Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
• The agreement involved Lionsgate Studios Holding Corp., Lions Gate Entertainment Corp. (LGEC), LG Sirius Holdings ULC, and Lionsgate Studios Holding Corp.
• Each share of LGEC's Class A voting shares and Class B non-voting shares held by Tobey was exchanged for new Lionsgate common shares and common shares of Starz Entertainment Corp.
• The exchange was executed pursuant to the Initial Share Exchange, Second Share Exchange, and Reverse Stock Split as defined in the Form S-4 Registration Statement.
• Following the reported transaction, Tobey beneficially owns 34,420 common shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a corporate transaction. It doesn't convey strong positive or negative sentiment.

Industry Context

This announcement reflects corporate restructuring activity within the media and entertainment industry, specifically the separation and reorganization of Lionsgate and Starz.

Stakeholder Impact

• Shareholders of Lionsgate and Starz are impacted by the share exchange and corporate restructuring.
• The transaction may affect the value and composition of their investment portfolios.

Key Dates

Keywords

beneficial ownership, Lionsgate Studios Corp., Bruce Tobey, share exchange, Arrangement Agreement, Form 4, LION, Starz Entertainment Corp., LGEC