Cinemark Holdings (CNK) officer moves 88,130 shares to revocable trust
Rhea-AI Filing Summary
Cinemark Holdings, Inc. reported that an officer, identified as President of Cinemark International, transferred 88,130 shares of Cinemark common stock on April 23, 2025.
The Form 4 shows the shares moved for $0 consideration from the officer’s direct ownership into a revocable family trust, listed as "VF Trust," where the officer serves as trustee. After the transfer, the officer directly holds 42,483 shares and is disclosed as an indirect beneficial owner of the 88,130 shares held by the trust, meaning economic exposure to those shares continues through the trust structure.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Cinemark Holdings (CNK) report in this Form 4?
Cinemark Holdings reported that a company officer transferred 88,130 shares of Cinemark common stock on April 23, 2025 to a revocable family trust.
Who is the reporting person and their role at Cinemark Holdings (CNK)?
The reporting person is an officer of Cinemark Holdings, identified with the title President - Cinemark International, indicating an executive leadership role.
Was cash paid in the Cinemark (CNK) insider share transfer on April 23, 2025?
No cash changed hands; the filing states the officer transferred, for no consideration, 88,130 shares of Cinemark common stock to a revocable family trust.
How many Cinemark (CNK) shares does the officer own after the reported transaction?
After the transaction, the officer directly owns 42,483 shares of Cinemark common stock and is an indirect beneficial owner of 88,130 shares held by the revocable family trust.
What is the nature of the trust that now holds Cinemark (CNK) shares?
The 88,130 shares were transferred to a revocable family trust, identified as VF Trust, for which the officer serves as trustee, and the officer remains an indirect beneficial owner.
Does the Cinemark (CNK) Form 4 indicate a change in beneficial ownership?
The filing notes that while the 88,130 shares moved into a trust, the officer remains an indirect beneficial owner of the securities held by the trust.