Richard L. Gelfond - Jan 2, 2025 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Chief Executive Officer, Director
Signature
/s/ Richard L. Gelfond
Stock symbol
IMAX
Transactions as of
Jan 2, 2025
Transactions value $
-$2,440,993
Form type
4
Date filed
1/6/2025, 05:01 PM
Previous filing
Aug 30, 2024
Next filing
Mar 11, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Options Exercise $0 +51.4K +9.78% $0.00 577K Jan 2, 2025 Direct F1
transaction IMAX common shares Tax liability -$714K -28.4K -4.92% $25.11 549K Jan 2, 2025 Direct F2
transaction IMAX common shares Options Exercise $0 +62.5K +11.4% $0.00 611K Jan 2, 2025 Direct F1
transaction IMAX common shares Tax liability -$878K -35K -5.72% $25.11 576K Jan 2, 2025 Direct F2
transaction IMAX common shares Options Exercise $0 +61.2K +10.62% $0.00 637K Jan 2, 2025 Direct F1
transaction IMAX common shares Tax liability -$850K -33.8K -5.31% $25.11 604K Jan 2, 2025 Direct F2
holding IMAX common shares (opening balance) 526K Jan 2, 2025 Direct

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 IMAX restricted share units Options Exercise $0 -51.4K -100% $0.00 0 Jan 2, 2025 common shares 51.4K $0.00 Direct F1, F3, F4, F5, F6
transaction IMAX restricted share units Options Exercise $0 -62.5K -50% $0.00 62.5K Jan 2, 2025 common shares 62.5K $0.00 Direct F1, F3, F4, F5, F6
transaction IMAX restricted share units Options Exercise $0 -61.2K -33.15% $0.00 123K Jan 2, 2025 common shares 61.2K $0.00 Direct F3, F4, F5, F6
transaction IMAX restricted share units Award $0 -110K -50% $0.00 110K Jan 2, 2025 common shares 110K $0.00 Direct F3, F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of vested restricted share units into common shares.
F2 Mr. Gelfond is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligation in connection with the delivery of common shares upon conversion of the restricted share unit transaction.
F3 Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
F4 Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
F5 The restricted share units vested and converted to common shares on January 2, 2025.
F6 This represents the number of restricted share units for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 1,818,695; 294,433 and 603,500 respectively. The number of outstanding options reflects the expiration of options to purchase 467,625 common shares on January 5, 2025. Mr. Gelfond did not receive any value in connection with such expiration; therefore, such expiration is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under Rule 16b-6(d).
F7 The restricted share units vest and will be converted to common shares in three installments: 36,506 on each of January 2, 2026, January 2, 2027 and January 2, 2028.