AMC Networks insider converts note to 119,327 Class B shares; ownership now 1,038,308
Rhea-AI Filing Summary
Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney reported a transaction in AMC Networks Inc. (AMCX). On 09/08/2025 the Trust received 119,327 shares of Class B common stock as partial repayment of a promissory note. The shares were valued at $7.72 per share, the mean of the high and low trading price for AMC Networks Class A common on that date. AMC Networks Class B shares are convertible on a share‑for‑share basis into Class A common stock. After the reported transaction the Reporting Person beneficially owned 1,038,308 shares of Class A common stock, held directly.
Positive
- Shares received through debt repayment, converting a promissory note into equity rather than leaving outstanding debt
- Clear valuation method disclosed: shares priced at $7.72, the mean of the high and low trading price for Class A on 09/08/2025
- Class B shares are convertible 1:1 into Class A common stock, explicitly stated
Negative
- None.
Insights
TL;DR: Insider received 119,327 Class B shares via loan repayment; ownership totals 1,038,308 Class A shares direct.
The filing documents a non‑derivative receipt of Class B common stock by the Charles F. Dolan Children Trust as partial repayment of a promissory note, valued at $7.72 per share. The Class B shares are convertible 1:1 into Class A common stock; the report shows direct beneficial ownership of 1,038,308 Class A shares following the transaction. This is a routine Section 16 filing noting a financing repayment in equity rather than cash.
TL;DR: Routine insider reporting of equity received in settlement of a debt, properly disclosed under Section 16.
The Form 4 identifies the reporting person and gives clear disclosure of the nature of the transaction (partial repayment of a promissory note) and the valuation method used ($7.72 per share, the mean trading price for Class A on 09/08/2025). The filing is signed by an attorney‑in‑fact and lists direct ownership post‑transaction. There are no indications in the filing of amendments, derivative exercises, or dispositions beyond the reported receipt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 119,327 | $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.