AMC Networks Insider Receives 145,522 Shares at $7.72; Holdings Rise
Rhea-AI Filing Summary
Reporting person: CFD 2010 GRANDCHILDREN TRUST FBO DESCENDANTS OF MARIANNE E. DOLAN WEBER, c/o Richard Baccari/MLC Ventures LLC, Yorktown Heights, NY.
On 09/08/2025 the reporting person received 145,522 shares of AMC Networks Inc. Class B Common Stock as partial repayment of a promissory note; those shares were valued at $7.72 per share (the mean of the high and low trading price for AMC Networks Inc. Class A Common Stock on that date). The filing shows 145,522 Class A-equivalent shares and reports total beneficial ownership following the transaction of 520,824 shares. The filing was signed by Brian G. Sweeney as attorney-in-fact on behalf of the trust on 09/10/2025. The relationship box indicates the reporting person is an Officer/Other rather than a director or 10% owner.
Positive
- Received 145,522 Class B Common Stock shares as partial repayment of a promissory note on 09/08/2025.
- Shares were valued at $7.72 per share, the mean of the high and low trading price for Class A on 09/08/2025, and beneficial ownership increased to 520,824 shares following the transaction.
- Filing signed by attorney-in-fact, indicating proper execution of Section 16 reporting by the trust representative.
Negative
- None.
Insights
TL;DR: Insider received 145,522 Class B shares via loan repayment, increasing beneficial holdings to 520,824 shares; valuation used $7.72 per share.
The transaction is a non-cash receipt of Class B Common Stock as partial repayment of a promissory note rather than an open-market purchase or sale. The filing explicitly values the shares at $7.72 each based on the Class A mean price on 09/08/2025. The filing reports the post-transaction beneficial ownership amount of 520,824 shares, which is material for tracking insider concentration but does not by itself indicate trading intent or corporate action.
TL;DR: The Form 4 documents a conversion/receipt tied to debt repayment, increasing insider-linked ownership; no sale or disposition disclosed.
The submission clarifies the securities are Class B Common Stock convertible on a share-for-share basis into Class A Common Stock. The filing was submitted by a trust via attorney-in-fact, and the relationship checked identifies the reporting person as an officer/other. This is a routine Section 16 disclosure of a non-derivative acquisition through note repayment; governance implications are limited to ownership tracking and potential voting/convertibility considerations inherent in dual-class structures.