STOCK TITAN

Cinemark (CNK) director updates trust holdings and sells 85,229 shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Cinemark Holdings, Inc. director reported a series of historical ownership corrections and trust transfers, along with a recent stock sale. The filing shows multiple past acquisitions and dispositions of common stock being reclassified from direct ownership to indirect ownership through a family trust where the director serves as trustee, with several transfers made for no consideration.

The most recent transaction on November 21, 2024 records the sale of 85,229 shares of Cinemark common stock by the family trust at a weighted average price of $32.38 per share, executed under a Rule 10b5-1 trading plan adopted on August 22, 2024. After these updates, the director directly holds 7,364 shares of Cinemark common stock, with additional shares held indirectly through the family trust and a joint account with a daughter.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Zoradi Mark

(Last) (First) (Middle)
3900 DALLAS PKWY.

(Street)
PLANO TX 75093

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Cinemark Holdings, Inc. [ CNK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/15/2016 G 1,920(1) D $0 89,916 D
Common Stock 06/15/2016 G 1,920(1) A $0 3,920 I By Family Trust
Common Stock 08/28/2017 P 5,000(2) A $32.83 8,920 I By Family Trust
Common Stock 09/08/2017 P 5,000(3) A $32.19 13,920 I By Family Trust
Common Stock 02/19/2018 G 10,504(4) D $0 246,793 D
Common Stock 02/19/2018 G 10,504(4) A $0 24,424 I By Family Trust
Common Stock 02/14/2019 G 4,712(5) D $0 371,684 D
Common Stock 02/14/2019 G 4,712(5) A $0 29,136 I By Family Trust
Common Stock 02/19/2020 G 54,710(6) D $0 483,767 D
Common Stock 02/19/2020 G 54,710(6) A $0 83,846 I By Family Trust
Common Stock 02/25/2020 P 10,000(7) A $28.77 93,846 I By Family Trust
Common Stock 02/26/2020 P 5,000(8) A $25.38 98,846 I By Family Trust
Common Stock 02/26/2020 P 5,000(9) A $25.45 103,846 I By Family Trust
Common Stock 03/16/2020 P 20,000(10) A $10.58 123,846 I By Family Trust
Common Stock 12/11/2020 S 2,000(11) D $16.17 121,846 I By Family Trust
Common Stock 12/15/2020 G 25,557(12) D $0 512,688 D
Common Stock 12/15/2020 G 25,557(12) A $0 147,403 I By Family Trust
Common Stock 01/13/2022 G 358,161(13) D $0 0 D
Common Stock 01/13/2022 G 358,161(13) A $0 505,563 I By Family Trust
Common Stock 07/22/2024 G 16,273(14) D $0 7,364 D
Common Stock 07/22/2024 G 16,273(14) A $0 561,837 I By Family Trust
Common Stock 11/21/2024 S 85,229(15) D $32.38(16) 436,608 I By Family Trust
Common Stock 11,564 D
Common Stock 320 I By Joint Account with Daughter
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On June 15, 2016, the reporting person transferred 1,920 shares of common stock of Cinemark Holdings, Inc. (the "issuer) to the family trust for which the reporting person is a trustee for no consideration.
2. On August 29, 2017, the reporting person filed a Form 4 that incorrectly reported the acquisition of 5,000 shares of common stock of the Issuer as a direct acquisition. As corrected on this Form 4, such acquisition was through a family trust for which the reporting person serves as a trustee rather than a direct acquisition. Following such transaction, the reporting person beneficially owned 158,536 shares of the Issuer's common stock directly and beneficially owned 8,920 shares of the Issuer's common stock indirectly through a family trust for which the reporting person is a trustee.
3. On September 11, 2017, the reporting person filed a Form 4 that incorrectly reported the acquisition of 5,000 shares of common stock of the Issuer as a direct acquisition. As corrected on this Form 4, such acquisition was through a family trust for which the reporting person serves as a trustee rather than a direct acquisition. Following such transaction, the reporting person beneficially owned 158,536 shares of the Issuer's common stock directly and beneficially owned 13,920 shares of the Issuer's common stock indirectly through a family trust for which the reporting person is a trustee.
4. On February 19, 2018, the reporting person transferred 10,504 shares of common stock of the Issuer to the family trust for which the reporting person is a trustee for no consideration.
5. On February 14, 2019, the reporting person transferred 4,712 shares of common stock of the Issuer to the family trust for which the reporting person is a trustee for no consideration.
6. On February 19, 2020, the reporting person transferred 54,710 shares of common stock of the Issuer to the family trust for which the reporting person is a trustee for no consideration.
7. On February 27, 2020, the reporting person filed a Form 4 that incorrectly reported the acquisition of 10,000 shares of common stock of the Issuer as a direct acquisition. As corrected on this Form 4, such acquisition was through a family trust for which the reporting person serves as a trustee rather than a direct acquisition. Following such transaction, the reporting person beneficially owned 483,766 shares of the Issuer's common stock directly and beneficially owned 93,846 shares of the Issuer's common stock indirectly through a family trust for which the reporting person is a trustee.
8. On February 27, 2020, the reporting person filed a Form 4 that incorrectly reported the acquisition of 5,000 shares of common stock of the Issuer as a direct acquisition. As corrected on this Form 4, such acquisition was through a family trust for which the reporting person serves as a trustee rather than a direct acquisition. Following such transaction, the reporting person beneficially owned 483,767 shares of the Issuer's common stock directly and beneficially owned 98,846 shares of the Issuer's common stock indirectly through a family trust for which the reporting person is a trustee.
9. On February 27, 2020, the reporting person filed a Form 4 that incorrectly reported the acquisition of 5,000 shares of common stock of the Issuer as a direct acquisition. As corrected on this Form 4, such acquisition was through a family trust for which the reporting person serves as a trustee rather than a direct acquisition. Following such transaction, the reporting person beneficially owned 483,767 shares of the Issuer's common stock directly and beneficially owned 103,846 shares of the Issuer's common stock indirectly through a family trust for which the reporting person is a trustee.
10. On March 18, 2020, the reporting person filed a Form 4 that incorrectly reported the acquisition of 20,000 shares of common stock of the Issuer as a direct acquisition. As corrected on this Form 4, such acquisition was through a family trust for which the reporting person serves as a trustee rather than a direct acquisition. Following such transaction, the reporting person beneficially owned 483,767 shares of the Issuer's common stock directly and beneficially owned 123,846 shares of the Issuer's common stock indirectly through a family trust for which the reporting person is a trustee.
11. On December 15, 2020, the reporting person filed a Form 4 that incorrectly reported the disposition of 2,000 shares of common stock of the Issuer as a direct disposition. As corrected on this Form 4, such disposition was through a family trust for which the reporting person serves as a trustee rather than a direct disposition. Following such transaction, the reporting person beneficially owned 513,658 shares of common stock of the Issuer directly and beneficially owned 121,846 shares of common stock of the issuer indirectly through a family trust for which the reporting person is a trustee.
12. On December 15, 2020, the reporting person transferred 25,557 shares of common stock of the Issuer to the family trust for which the reporting person is a trustee for no consideration.
13. On January 13, 2022, the reporting person transferred 358,161 shares of common stock of the Issuer to the family trust for which the reporting person is a trustee for no consideration.
14. On July 22, 2024, the reporting person transferred 16,273 shares of common stock of the Issuer to the family trust for which the reporting person is a trustee for no consideration.
15. On November 22, 2024, the reporting person filed a Form 4 that incorrectly reported the disposition of 85,229 shares of common stock of the Issuer as a direct disposition. As corrected on this Form 4, such disposition was through a family trust for which the reporting person serves as a trustee rather than a direct disposition. Following such transaction, the reporting person beneficially owned 7,364 shares of common stock of the Issuer directly and beneficially owned 436,607 shares of common stock of the Issuer indirectly through a family trust for which the reporting person is a trustee.
16. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $31.89 to $32.82, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 22, 2024.
/s/ Michael Cavalier, attorney-in-fact 12/22/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did Cinemark (CNK) report in this Form 4?

The filing reports multiple historical corrections and reclassifications of Cinemark common stock between direct ownership and a family trust, as well as a recent sale of shares by the family trust and the director’s updated direct and indirect holdings.

How many Cinemark (CNK) shares were recently sold by the reporting person?

On November 21, 2024, the family trust associated with the director sold 85,229 shares of Cinemark common stock at a weighted average price of $32.38 per share.

Was the recent Cinemark (CNK) share sale under a Rule 10b5-1 trading plan?

Yes. The sale of 85,229 Cinemark shares was executed pursuant to a Rule 10b5-1 trading plan that the reporting person adopted on August 22, 2024.

What corrections to prior insider reports does this Cinemark (CNK) filing make?

The filing corrects earlier reports that had shown several acquisitions and dispositions of Cinemark common stock as direct transactions. It clarifies that these were actually conducted through a family trust where the reporting person is trustee.

How many Cinemark (CNK) shares does the director now hold directly?

Following the corrected transactions and the November 21, 2024 sale, the director directly owns 7,364 shares of Cinemark common stock.

What role does the family trust play in the Cinemark (CNK) insider holdings?

The family trust is a key vehicle for the director’s indirect ownership. Multiple transfers of Cinemark common stock were made to the trust for no consideration, and several acquisitions and dispositions originally reported as direct are clarified as occurring through this trust.

Are any derivative securities reported in this Cinemark (CNK) Form 4?

The section for derivative securities is included, but the provided excerpt does not list specific derivative transactions; the detailed activity disclosed relates to non-derivative common stock.

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