Form 4: Mark Rachesky Reports Changes in Lionsgate Studios Corp. Beneficial Ownership Following Arrangement Agreement
SEC Form 4 Filing
Mark Rachesky, a director and 10% owner of Lionsgate Studios Corp., reports changes in beneficial ownership of common shares following the consummation of an arrangement agreement.
Summary
- Mark Rachesky, a director and 10% owner of Lionsgate Studios Corp., filed a Form 4 detailing changes in beneficial ownership.
- The changes result from the consummation of an arrangement agreement dated January 29, 2025, and amended on March 12, 2025.
- As a result of the agreement, each share of Lions Gate Entertainment Corp.'s Class A and Class B shares held by Rachesky were exchanged for New Lionsgate common shares and Starz Entertainment Corp. common shares.
- Rachesky directly owns 219,160 common shares.
- Rachesky indirectly owns 2,385,199 shares through MHR Capital Partners Master Account LP, 310,381 shares through MHR Capital Partners (100) LP, 1,469,450 shares through MHR Institutional Partners II LP, 3,701,988 shares through MHR Institutional Partners IIA LP, 25,173,882 shares through MHR Institutional Partners III LP, and 4,607,598 shares through MHR Institutional Partners IV LP.
- Rachesky also acquired 1,770 restricted share units (RSUs) that vest on September 13, 2025, and 20,370 RSUs that vest on November 29, 2025.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing changes in share ownership following a pre-defined corporate action. It is neutral in tone and provides necessary information to the market.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in ownership structure, particularly regarding significant shareholders like Mark Rachesky.
- The filing provides transparency regarding the impact of the arrangement agreement on share distribution.
Key Dates
| Date | Description |
|---|---|
| 2025-01-29 | Date of the Arrangement Agreement by and among the Issuer, Lionsgate Studios Corp., LG Sirius Holdings ULC and Lionsgate Studios Holding Corp. |
| 2025-03-12 | Date of the amending agreement to the Arrangement Agreement. |
| 2025-03-14 | Form S-4 declared effective by the U.S. Securities and Exchange Commission. |
| 2025-05-06 | Consummation of the transactions contemplated by the Arrangement Agreement. |
| 2025-05-12 | Date of the reported transactions. |
| 2025-05-13 | Date of signature of the Form 4 filing. |
| 2025-09-13 | Vesting date for 1,770 restricted share units. |
| 2025-11-29 | Vesting date for 20,370 restricted share units. |
Keywords
beneficial ownership, Lionsgate Studios Corp., Mark Rachesky, Form 4, arrangement agreement, share exchange, restricted share units, MHR Capital Partners, director, 10% owner
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