Cinemark (CNK) director moves common shares into revocable family trust
Rhea-AI Filing Summary
Cinemark Holdings, Inc. director filed a Form 4 disclosing several internal share transfers to a family trust. On 7/11/2022, the reporting person transferred 34,105 shares of Cinemark common stock, for no consideration, to a revocable family trust for which the person is a trustee. On 7/5/2024, an additional 16,273 shares were similarly transferred for no consideration, and on 7/17/2025 a further 7,364 shares were transferred on the same terms. Following the latest transaction, the reporting person beneficially owned 4,200 shares of Cinemark common stock directly and 57,742 shares indirectly through the family trust. These moves reflect an ownership reorganization rather than an open-market sale.
Positive
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Negative
- None.
FAQ
What insider transaction did Cinemark Holdings (CNK) disclose in this Form 4?
The Form 4 reports that a director of Cinemark Holdings, Inc. transferred shares of CNK common stock, for no consideration, to a revocable family trust for which the director is a trustee.
How many CNK shares were transferred to the family trust and on which dates?
The director transferred 34,105 shares on 7/11/2022, 16,273 shares on 7/5/2024, and 7,364 shares on 7/17/2025, all for no consideration to a revocable family trust.
Were the Cinemark (CNK) share transfers reported in this Form 4 sales for cash?
No. Each transaction is described as a transfer of CNK common stock made for no consideration to a revocable family trust, indicating no sale proceeds were received.
What is the reporting person’s CNK share ownership after the 7/17/2025 transfer?
After the 7/17/2025 transfer, the reporting person beneficially owned 4,200 shares of Cinemark common stock directly and 57,742 shares indirectly through a family trust.
What is the relationship of the reporting person to Cinemark Holdings (CNK)?
The filing identifies the reporting person’s relationship to Cinemark Holdings, Inc. as a Director of the company.
Does the Form 4 for Cinemark (CNK) involve any derivative securities?
The derivative securities table is present but does not list any derivative transactions; the reported activity relates only to non-derivative common stock.