AMC Networks Insider Report: 26,194 Class B Shares Issued in Loan Repayment
Rhea-AI Filing Summary
Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney received 26,194 shares of AMC Networks Inc. Class B common stock on 09/08/2025 as partial repayment of a promissory note. The Class B shares are convertible on a one-for-one basis into Class A common stock, and for the repayment were valued at $7.72 per share (the mean of the high and low trading price for Class A on 09/08/2025). After the transaction the reporting person beneficially owned 96,371 shares of Class A common stock equivalent. The transaction was reported on a Form 4 and executed under transaction code J indicating a non-market disposition related to debt repayment.
Positive
- Increase in beneficial ownership: Reporting person received 26,194 Class B shares, raising beneficial ownership to 96,371 shares (Class A equivalent).
- Transparent valuation: Shares were valued at $7.72 per share based on the mean trading price used for the repayment calculation.
Negative
- None.
Insights
TL;DR: Insider received convertible Class B shares as loan repayment, increasing beneficial ownership by 26,194 shares; valued at $7.72 each.
The filing documents a non-market transaction where the reporting trust received 26,194 Class B shares in partial repayment of a promissory note. Class B shares convert one-for-one into Class A, so the effective economic position rises by that amount. The shares were valued at $7.72 per share for the repayment calculation, consistent with the stated market midpoint on the transaction date. This is a straightforward ownership change rather than an open-market purchase or sale and does not disclose any sale or transfer that would reduce holdings.
TL;DR: Transaction reflects debt settlement via equity; increases insider-aligned stake without market trading.
The Form 4 shows the reporting person received equity as partial satisfaction of a promissory note, recorded under transaction code J. Because the Class B shares are convertible into Class A on a share-for-share basis, the filing clarifies both the form of consideration and the post-transaction beneficial ownership of 96,371 shares (Class A equivalent). The disclosure is routine for insider reporting and provides necessary transparency about the source and valuation of newly acquired shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 26,194 | $0.00 | -- |
Footnotes (1)
- AMC Networks Inc. Class B Common Stock ("Class B Common Stock") is convertible at the option of the holder on a share for share basis into AMC Networks Inc. Class A Common Stock ("Class A Common Stock"). On September 8, 2025, the Reporting Person received the shares of Class B Common Stock in partial repayment of a promissory note. For purposes of the repayment, the shares were valued at $7.72 per share, the mean of the high and low trading price for the Class A Common Stock on September 8, 2025.