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IMAX (IMAX) China CEO exercises RSUs as 4,790 shares withheld for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

IMAX CORP executive Daniel Manwaring, CEO of IMAX China Holding, reported several stock-based compensation movements on March 7, 2026. He exercised vested restricted share units, converting 7,409 and 4,666 units into the same number of common shares. He also received a new award of 5,072 restricted share units, each economically equivalent to one common share.

To cover tax obligations tied to these deliveries, the company withheld 4,790 common shares at $40.80 per share, a non‑market, tax-withholding disposition rather than an open-market sale. After these transactions, Manwaring holds 12,363 common shares and 21,816 restricted share units directly.

Positive

  • None.

Negative

  • None.
Insider Manwaring Daniel
Role CEO, IMAX China Holding, Inc.
Type Security Shares Price Value
Exercise restricted share units 7,409 $0.00 --
Exercise restricted share units 4,666 $0.00 --
Grant/Award restricted share units 5,072 $0.00 --
Exercise common shares 7,409 $0.00 --
Exercise common shares 4,666 $0.00 --
Tax Withholding common shares 4,790 $40.80 $195K
holding common shares (opening balance) -- -- --
Holdings After Transaction: restricted share units — 7,410 shares (Direct); common shares — 12,487 shares (Direct); common shares (opening balance) — 5,078 shares (Direct)
Footnotes (1)
  1. Represents the conversion of vested restricted share units into common shares. Mr. Manwaring is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon the conversion of the restricted shares unit transaction. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. The restricted share units vest and will be converted to common shares in three installments: 7,409 on each of March 7, 2025 and March 7, 2026 and 7,410 on March 7, 2027. The restricted share units vest and will be converted to common shares in three installments: 4,666 on each of March 7, 2026 and March 7, 2027 and 4,668 on March 7, 2028. The restricted share units vest and will be converted to common shares in three installments: 1,690 on each of March 7, 2027 and March 7, 2028 and 1,692 on March 7, 2029. This represents the number of restricted share units for this transaction only. Mr. Manwaring's aggregate remaining restricted share units and common share balances following these transactions are 21,816 and 12,363, respectively.
RSUs converted (first block) 7,409 units Restricted share units converted to common shares on March 7, 2026
RSUs converted (second block) 4,666 units Additional restricted share units converted to common shares on March 7, 2026
New RSU grant 5,072 units Restricted share unit award reported as of March 7, 2026
Shares withheld for tax 4,790 shares at $40.80 Common shares withheld to satisfy tax obligations
Common shares after transactions 12,363 shares Direct IMAX common share balance following reported transactions
RSUs remaining after transactions 21,816 units Aggregate remaining restricted share units after all reported activity
restricted share units financial
"Represents the conversion of vested restricted share units into common shares."
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
tax withholding obligations financial
"withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations"
economic equivalent financial
"Each restricted share unit is the economic equivalent of one common share of IMAX Corporation."
contingent right financial
"Each restricted share unit represents a contingent right to receive one common share"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
SEC Form 4
FORM 4UNITED 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).
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*
Manwaring Daniel

(Last)(First)(Middle)
C/O IMAX CORPORATION
902 BROADWAY, FLOOR 20

(Street)
NEW YORK NEW YORK 10010

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CEO, IMAX China Holding, Inc.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/10/2026
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)
CodeVAmount(A) or (D)Price
common shares (opening balance)5,078D
common shares03/07/2026M7,409(1)A$0.0012,487D
common shares03/07/2026M4,666(1)A$0.0017,153D
common shares03/07/2026F4,790(2)D$40.812,363D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
restricted share units(3)$0.00(4)03/07/2026M7,409 (5) (5)common shares7,409$0.00(4)7,410(8)D
restricted share units(3)$0.00(4)03/07/2026M4,666 (6) (6)common shares4,666$0.00(4)9,334(8)D
restricted share units(3)$0.00(4)03/07/2026A5,072 (7) (7)common shares5,072$0.00(4)5,072(8)D
Explanation of Responses:
1. Represents the conversion of vested restricted share units into common shares.
2. Mr. Manwaring is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon the conversion of the restricted shares unit transaction.
3. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
4. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
5. The restricted share units vest and will be converted to common shares in three installments: 7,409 on each of March 7, 2025 and March 7, 2026 and 7,410 on March 7, 2027.
6. The restricted share units vest and will be converted to common shares in three installments: 4,666 on each of March 7, 2026 and March 7, 2027 and 4,668 on March 7, 2028.
7. The restricted share units vest and will be converted to common shares in three installments: 1,690 on each of March 7, 2027 and March 7, 2028 and 1,692 on March 7, 2029.
8. This represents the number of restricted share units for this transaction only. Mr. Manwaring's aggregate remaining restricted share units and common share balances following these transactions are 21,816 and 12,363, respectively.
Remarks:
This Form 4/A amends the Form 4 previously filed on March 10, 2026 (the "Original Form 4") solely to correct the number of shares that were withheld by IMAX Corporation to satisfy tax withholding obligations arising from the vesting of Mr. Manwaring's restricted share units and the resulting amount of securities beneficially owned by Mr. Manwaring following such transaction. Accordingly, this Form 4/A amends the Original Form 4 by correcting: (1) the amount appearing on Table I, Column 4, Row 4 from 5,435 to 4,790; (2) the amount appearing on Table I, Column 5, Row 4 from 11,718 to 12,363; and (3) the number of remaining common share balance in footnote 8 from 11,718 to 12,363. The remaining information in the Original Form 4 is not otherwise amended hereby.
/s/ Kenneth Weissman (attorney-in-fact for Daniel Manwaring)04/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did IMAX (IMAX) executive Daniel Manwaring report in this Form 4/A?

Daniel Manwaring reported routine stock-based compensation activity. He converted vested restricted share units into common shares, received a new restricted share unit grant, and had shares withheld by IMAX Corporation to satisfy tax obligations related to these equity awards and their share deliveries.

How many IMAX restricted share units did Daniel Manwaring convert into common shares?

Daniel Manwaring converted 7,409 and 4,666 restricted share units into the same number of IMAX common shares. Each restricted share unit represents a contingent right to receive one common share and is described as the economic equivalent of one common share in the filing footnotes.

What new IMAX restricted share unit award did Daniel Manwaring receive?

He received a new grant of 5,072 restricted share units. The footnotes state these units vest in three installments of 1,690, 1,690, and 1,692 units on March 7, 2027, March 7, 2028, and March 7, 2029, respectively, converting into IMAX common shares upon vesting.

Why were 4,790 IMAX common shares withheld from Daniel Manwaring?

IMAX Corporation withheld 4,790 common shares at $40.80 per share to satisfy tax withholding obligations. The filing explains this withholding was connected to the delivery of common shares upon the conversion of restricted share units, and is not an open-market sale transaction.

What are Daniel Manwaring’s IMAX holdings after these transactions?

After these transactions, Daniel Manwaring’s aggregate remaining holdings are 21,816 restricted share units and 12,363 common shares. All are reported as directly owned, reflecting his continuing equity stake through both actual IMAX shares and unvested restricted share units.

How do IMAX restricted share units described here vest over time?

The filing describes multiple vesting schedules. One block of restricted share units vests and converts into 7,409 common shares on both March 7, 2025 and March 7, 2026, and 7,410 on March 7, 2027, while another block vests in three installments through March 7, 2028.