AMC Networks Insider Repayment: 145,522 Class B Shares Valued at $7.72 Each
Rhea-AI Filing Summary
Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan reported receiving 145,522 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 share-for-share basis into Class A Common Stock. For the repayment, the shares were valued at $7.72 per share, the mean of the high and low trading price for AMC Networks Class A on 09/08/2025. After the transaction, the reporting person beneficially owned 1,066,647 shares of Class A Common Stock on a direct basis. The Form 4 was signed by an attorney-in-fact on 09/10/2025.
Positive
- Increase in direct ownership: Reporting person received 145,522 Class B shares, increasing direct beneficial ownership to 1,066,647 Class A-equivalent shares.
- Debt settled with equity: Partial repayment of a promissory note with shares converts outstanding debt into equity, reducing the issuer's debt obligations for that note.
- Clear valuation disclosed: Shares used for repayment were explicitly valued at $7.72 per share (mean of high and low price on 09/08/2025).
Negative
- None.
Insights
TL;DR: Reporting person received 145,522 Class B shares via note repayment, raising direct beneficial ownership to 1,066,647 shares.
The Form 4 documents a non-derivative acquisition: 145,522 Class B shares were delivered as partial repayment of a promissory note and valued at $7.72 per share. Because Class B shares convert on a one-for-one basis into Class A shares, the filing clarifies conversion rights that affect potential voting/ownership composition. This is a clear, on-book settlement of debt for equity and increases the reporting person’s direct stake in the company. No option exercises, sales, or other dispositions are disclosed.
TL;DR: Debt-for-equity repayment increased a related trust's direct holdings; disclosure aligns with Section 16 requirements.
The trust received Class B common stock as repayment of a promissory note and reported the transaction under Form 4. The filing notes the Class B to Class A conversion feature, which is important for governance because conversion affects share class mix and voting power. The timely filing and attorney-in-fact signature indicate procedural compliance. The transaction appears routine and no additional governance actions or related-party transactions beyond the repayment are disclosed in this form.