Cris Doornbos - Jan 28, 2025 Form 4 Insider Report for 5&2 Studios, Inc. (NONE)

Role: Director
Signature: /s/ David Stidham as attorney-in fact for Cris Doornbos***
Stock symbol: NONE
Transactions as of: Jan 28, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/30/2025, 08:52 PM
Previous filing: Apr 1, 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NONE	Phantom Stock	Award	$0	+113K		$0.00	113K	Jan 28, 2025	Series B Common Stock	113K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of phantom stock is the economic equivalent of one share of Series B Common Stock.
F2	Pursuant to the terms of the 2024 Executive Interests Plan, each Phantom Stock vests upon a qualifying sale.
F3	Pursuant to the terms of the 2024 Executive Interests Plan, each unvested Phantom Stock will expire following the date of a qualifying sale, and all then-held Phantom Stock will expire if a participant's employment or engagement terminates for any reason.

Remarks:

*** The Power of Attorney given by the reporting person was previously filed with the U.S. Securities and Exchange Commission on April 1, 2024 as an exhibit to the Form 3 filed by the reporting person with respect to the Issuer and is hereby incorporated by reference.