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IMAX (IMAX) director logs RSU grant, vesting into shares and tax withholding

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

Rhea-AI Filing Summary

IMAX CORP director Eric A. Demirian reported compensation-related equity transactions. On June 11, 2026, restricted share units covering 3,390 units vested and converted into 3,390 common shares, each unit being economically equivalent to one common share.

To cover tax withholding obligations tied to this conversion, 1,842 common shares were withheld and disposed of. Demirian also received a new grant of 3,390 restricted share units in connection with his Board service. Following these transactions, he directly owns 38,641 common shares.

Positive

  • None.

Negative

  • None.
Insider Demirian Eric A
Role null
Type Security Shares Price Value
Grant/Award restricted share units 3,390 $0.00 --
Exercise restricted share units 3,390 $0.00 --
Exercise common shares 3,390 $0.00 --
Tax Withholding common shares 1,842 $42.12 $78K
holding common shares (opening balance) -- -- --
Holdings After Transaction: restricted share units — 3,390 shares (Direct, null); common shares — 40,483 shares (Direct, null); common shares (opening balance) — 37,093 shares (Direct, null)
Footnotes (1)
  1. Represents the conversion upon vesting of restricted share units into common shares. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. Mr. Demirian is reporting the withholding of common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. Mr. Demirian received a grant of restricted share units in connection with his membership on the IMAX Corporation Board of Directors. The restricted share units vest and convert to common shares on the date of grant, June 11, 2026. Pursuant to Instruction 4(C)(iii), this response has been left blank.
RSUs vested and converted 3,390 units Restricted share units converting into common shares on June 11, 2026
Common shares from RSU conversion 3,390 shares Common shares received upon RSU vesting
Shares withheld for taxes 1,842 shares Common shares withheld to satisfy tax withholding obligations
New RSU grant 3,390 units Restricted share units granted for Board membership
Shares owned after transactions 38,641 shares Direct IMAX common share holdings following reported transactions
Exercise-related RSU transaction price $0.0000 per unit Conversion or exercise price listed for RSU transactions
restricted share units financial
"Represents the conversion upon vesting of 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 to satisfy the tax withholding obligations in connection with the delivery of common shares"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted share unit represents a contingent right to receive one common share"
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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*
Demirian Eric A

(Last)(First)(Middle)
99 FOXBAR ROAD
SUITE 2710

(Street)
TORONTOM4V 0B2

(City)(State)(Zip)

ONTARIO, CANADA

(Country)
2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026
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)

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)37,093D
common shares06/11/2026M3,390(1)A$0.00(2)40,483D
common shares06/11/2026F1,842(3)D$42.1238,641D
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(4)$0.00(2)06/11/2026A3,390(5) (6) (6)common shares3,390(2)3,390D
restricted share units(4)$0.00(2)06/11/2026M3,390(1) (6) (6)common shares3,390(7)0D
Explanation of Responses:
1. Represents the conversion upon vesting of restricted share units into common shares.
2. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
3. Mr. Demirian is reporting the withholding of common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit.
4. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
5. Mr. Demirian received a grant of restricted share units in connection with his membership on the IMAX Corporation Board of Directors.
6. The restricted share units vest and convert to common shares on the date of grant, June 11, 2026.
7. Pursuant to Instruction 4(C)(iii), this response has been left blank.
Remarks:
/s/ Eric A. Demirian06/15/2026
** 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 insider transactions did IMAX (IMAX) director Eric A. Demirian report?

Eric A. Demirian reported vesting of 3,390 restricted share units that converted into 3,390 IMAX common shares. He also had 1,842 common shares withheld for taxes and received a new grant of 3,390 restricted share units tied to his Board service.

How many IMAX (IMAX) shares does Eric A. Demirian hold after this Form 4?

After the reported transactions, Eric A. Demirian directly holds 38,641 IMAX common shares. This figure reflects the RSU conversion into common shares and the 1,842 shares withheld to satisfy tax obligations related to the vesting event.

What are the details of the restricted share units in the IMAX (IMAX) Form 4?

The filing shows 3,390 restricted share units vested and converted into 3,390 IMAX common shares. Each restricted share unit is economically equivalent to one common share and represents a contingent right to receive one IMAX common share upon vesting conditions being satisfied.

Why were IMAX (IMAX) shares withheld in Eric A. Demirian’s Form 4?

The Form 4 states that 1,842 IMAX common shares were withheld to satisfy tax withholding obligations arising from the delivery of common shares upon conversion of restricted share units. This is characterized as a tax-withholding disposition, not an open-market sale.

Did Eric A. Demirian receive a new equity award from IMAX (IMAX)?

Yes. The filing indicates that Eric A. Demirian received a grant of 3,390 restricted share units in connection with his membership on IMAX Corporation’s Board of Directors. According to the disclosure, these restricted share units vest and convert to common shares on June 11, 2026.

Are Eric A. Demirian’s IMAX (IMAX) Form 4 transactions open-market buys or sells?

The disclosed IMAX transactions are compensation-related, not open-market trades. They involve RSU vesting and conversion into common shares, plus a tax-withholding share disposition. There are no open-market purchase or sale codes like “P” or “S” reported in this Form 4.