IMAX (IMAX) CFO nets more shares after RSU and PSU vesting

Rhea-AI Filing Summary

IMAX Corporation’s Chief Financial Officer and EVP Natasha Fernandes reported multiple equity compensation transactions. She exercised and converted restricted and performance stock units into a total of 20,496 common shares at a conversion price of $0.00 per share.

To cover tax obligations on these deliveries, the company withheld 28,044 common shares at a value of $40.80 per share, recorded as tax-withholding dispositions rather than open-market sales. She also received new grants of 13,526 restricted share units and 32, - sorry - wait

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

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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^*

Fernandes Natasha

(Last) (First) (Middle)

2525 SPEAKMAN DRIVE

(Street)

MISSISSAUGA A6 L5K1B1

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer & EVP

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026

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 shares (opening balance)								31,257	D
common shares	03/07/2026		M		6,927(1)	A	$0.00	38,184	D
common shares	03/07/2026		M		7,903(1)	A	$0.00	46,087	D
common shares	03/07/2026		M		5,666(1)	A	$0.00	51,753	D
common shares	03/07/2026		F		10,974(2)	D	$40.8	40,779	D
common shares	03/07/2026		A		21,815(3)	A	$0.00	62,594	D
common shares	03/07/2026		A		10,072(4)	A	$0.00	72,666	D
common shares	03/07/2026		F		17,070(5)	D	$40.8	55,596	D

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
restricted share units(6)	$0.00(7)	03/07/2026		M			6,927(1)	(8)	(8)	common shares	6,927	$0.00(7)	0(12)	D
restricted share units(6)	$0.00(7)	03/07/2026		M			7,903(1)	(9)	(9)	common shares	7,903	$0.00(7)	7,904(12)	D
restricted share units(6)	$0.00(7)	03/07/2026		M			5,666(1)	(10)	(10)	common shares	5,666	$0.00(7)	11,334(12)	D
restricted share units(6)	$0.00(7)	03/07/2026		A		13,526		(11)	(11)	common shares	13,526	$0.00(7)	13,526(12)	D

Explanation of Responses:

1. Represents the conversion upon vesting of restricted share units into common shares.

2. Ms. Fernandes 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 conversion of the restricted share unit transactions.

3. Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2023. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.

4. Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2023. The shares earned are based on the level of achievement on the TSR performance conditions over the three year performance period.

5. Ms. Fernandes 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 conversion of the performance stock unit transactions.

6. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.

7. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.

8. The restricted share units vest and will be converted to common shares in three installments: 6,925 on each of March 7, 2024 and March 7, 2025 and 6,927 on March 7, 2026.

9. The restricted share units vest and will be converted to common shares in three installments: 7,903 on each of March 7, 2025 and March 7, 2026 and 7,904 on March 7, 2027.

10. The restricted share units vest and will be converted to common shares in three installments: 5,666 on each of March 7, 2026 and March 7, 2027 and 5,668 on March 7, 2028.

11. The restricted share units vest and will be converted to common shares in three installments: 4,508 on each of March 7, 2027 and March 7, 2028 and 4,510 on March 7, 2029.

12. This represents the number of restricted share units for this transaction only. Ms. Fernandes' aggregate remaining restricted share unit and common share balances following these transactions will be 32,764 and 55,596, respectively.

Remarks:

	/s/Kenneth I. Weissman (attorney-in-fact for Natasha Fernandes)	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did IMAX (IMAX) CFO Natasha Fernandes report on this Form 4?

Natasha Fernandes reported routine equity compensation activity, including unit conversions into common shares and new awards. She exercised restricted and performance stock units, received additional stock and unit grants, and had a portion of shares withheld by IMAX Corporation to satisfy tax obligations tied to these vesting events.

How many IMAX shares does the CFO hold after these transactions?

After these transactions, Natasha Fernandes holds 55,596 IMAX common shares directly. Footnote disclosure also states she holds 32,764 restricted share units, representing additional contingent rights to receive common shares as they vest under the applicable service and performance-based vesting schedules.

Were any of the IMAX CFO’s Form 4 transactions open-market buys or sells?

None of the reported transactions were open-market buys or sells. The activities consist of derivative exercises or conversions, equity grants, and tax-withholding dispositions, which are compensation and withholding mechanics rather than discretionary trading in IMAX common shares on the open market.

How many IMAX shares were converted and how many were withheld for taxes?

Fernandes converted 20,496 restricted and performance stock units into IMAX common shares. IMAX Corporation then withheld 28,044 common shares, valued at $40.80 per share, to satisfy associated tax withholding obligations on both restricted share unit and performance stock unit conversions reported in this filing.

What new equity awards did Natasha Fernandes receive from IMAX?

Fernandes received 13,526 new restricted share units and multiple common share grants, including 21,815 and 10,072 common shares. Each restricted share unit is the economic equivalent of one IMAX common share and vests in scheduled installments over several years, subject to continued service conditions.

What performance conditions applied to the vested IMAX performance stock units?

The vested performance stock units converted into common shares were granted on March 7, 2023. Shares earned under these awards were based on achievement of EBITDA performance conditions and total shareholder return (TSR) performance conditions over a three-year performance period, as described in the footnotes.