AMC Networks Insider Boosts Stake to 207,311 Shares via Note Repayment
Rhea-AI Filing Summary
The filing shows that CHARLES F. DOLAN 2009 FAMILY TRUST FBO PATRICK F. DOLAN received 145,521 shares of AMC Networks Class B common stock on 09/08/2025 as partial repayment of a promissory note. For the repayment the Class B shares were valued at $7.72 per share, the mean of the high and low trading price for AMC Networks Class A on that date.
Class B shares are convertible one-for-one into Class A common stock, and after the transaction the reporting person beneficially owned 207,311 shares of Class A common stock. The Form 4 was signed by an attorney-in-fact on 09/10/2025.
Positive
- Acquisition of 145,521 Class B shares as partial repayment of a promissory note increases insider ownership.
- Valuation disclosed: $7.72 per share, providing transparency on the basis of the repayment.
Negative
- None.
Insights
TL;DR: Insider received equity via promissory note repayment, increasing beneficial ownership to 207,311 Class A-equivalent shares.
The transaction reflects a non-market acquisition of 145,521 Class B shares valued at $7.72 per share for repayment of debt rather than an open-market purchase. Because Class B shares convert one-for-one to Class A, the reporting persons economic and voting exposure increased. This is a straightforward change in beneficial ownership that investors can track for concentration and insider alignment metrics.
TL;DR: Debt repayment settled in convertible Class B stock, raising an insiders stake; governance implications hinge on voting class structure.
The use of Class B shares for promissory note repayment increases the insider's stake without a market transaction, which may affect control dynamics given dual-class share structure. The filing clearly states conversion mechanics and the post-transaction beneficial ownership of 207,311 Class A-equivalent shares, allowing stakeholders to assess any change in insider influence.