Mark Welton - Mar 7, 2025 Form 4 Insider Report for IMAX CORP (IMAX)

Role
President IMAX Global Theatres
Signature
/s/ Kenneth I. Weissman (attorney-in-fact for Mark Welton)
Stock symbol
IMAX
Transactions as of
Mar 7, 2025
Transactions value $
-$1,222,508
Form type
4
Date filed
3/11/2025, 04:35 PM
Previous filing
Dec 9, 2024
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 +12K +10.74% $0.00 123K Mar 7, 2025 Direct F1
transaction IMAX common shares Options Exercise $0 +13K +10.51% $0.00 136K Mar 7, 2025 Direct F1
transaction IMAX common shares Options Exercise $0 +14.3K +10.52% $0.00 151K Mar 7, 2025 Direct F1
transaction IMAX common shares Tax liability -$531K -21K -13.95% $25.26 130K Mar 7, 2025 Direct F2
transaction IMAX common shares Award $0 +37.7K +29.07% $0.00 167K Mar 7, 2025 Direct F3
transaction IMAX common shares Award $0 +13.5K +8.07% $0.00 181K Mar 7, 2025 Direct F4
transaction IMAX common shares Tax liability -$692K -27.4K -15.16% $25.26 153K Mar 7, 2025 Direct F5
holding IMAX common shares (opening balance) 111K Mar 7, 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 -12K -100% $0.00 0 Mar 7, 2025 common shares 12K $0.00 Direct F1, F6, F7, F8, F12
transaction IMAX restricted share units Options Exercise $0 -13K -50% $0.00 13K Mar 7, 2025 common shares 13K $0.00 Direct F1, F6, F7, F9, F12
transaction IMAX restricted share units Options Exercise $0 -14.3K -33.33% $0.00 28.7K Mar 7, 2025 common shares 14.3K $0.00 Direct F1, F6, F7, F10, F12
transaction IMAX restricted share units Award $0 +29K $0.00 29K Mar 7, 2025 common shares 29K $0.00 Direct F6, F7, F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted share units into common shares.
F2 Mr. Welton is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions.
F3 Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2022. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.
F4 Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2022. The shares earned are based on the level of achievement on the TSR performance conditions over the three year performance period.
F5 Mr. Welton is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the performance stock unit transactions.
F6 Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
F7 Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
F8 The restricted share units vest and will be converted to common shares in three installments: 11,957 on each of March 7, 2023 and March 7, 2024 and 11,959 on March 7, 2025.
F9 The restricted share units vest and will be converted to common shares in three installments: 12,957 on each of March 7, 2024 and March 7, 2025 and 12,959 on March 7, 2026.
F10 The restricted share units vest and will be converted to common shares in three equal installments on each of the first three anniversaries of the grant date.
F11 The restricted share units vest and will be converted to common shares in three installments: 9,666 on each of March 7, 2026 and March 7, 2027 and 9,668 on March 7, 2028.
F12 This represents the number of restricted share units for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 49,504, 70,609 and 153,323, respectively.