IMAX Form 4: CLO Robert Lister option exercise and sale on Nov 7
Rhea-AI Filing Summary
IMAX Corp (IMAX): Form 4 insider activity. On 11/07/2025, Chief Legal Officer and Sr. EVP Robert D. Lister exercised stock options to acquire 50,143 common shares at $22.49 pursuant to a Rule 10b5-1 plan dated June 11, 2025, then sold 50,143 shares at $34.6652 the same day. After these transactions, he directly beneficially owned 161,421 common shares. The filing notes remaining restricted share units of 70,609. The options were issued in 2019 and set to expire on March 7, 2026, and the derivative balance following these transactions is listed as 0.
Positive
- None.
Negative
- None.
Insights
Planned option exercise and same‑day sale; neutral impact.
Robert D. Lister executed a pre‑planned transaction under a Rule 10b5‑1 plan, exercising options for 50,143 shares at $22.49 and selling the same number at $34.6652 on 11/07/2025. Such plans automate trades to reduce discretion.
Post‑trade direct beneficial ownership is 161,421 common shares, with 70,609 RSUs remaining. The derivative table shows 0 remaining for the exercised option grant, which was issued in 2019 with expiration on 03/07/2026.
Form 4 activity reflects personal portfolio movements and does not alter operating fundamentals. Actual market effect depends on overall trading volume and holder decisions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | stock options (to buy) | 50,143 | $22.49 | $1.13M |
| Conversion | common shares | 50,143 | $22.49 | $1.13M |
| Sale | common shares | 50,143 | $34.6652 | $1.74M |
| holding | common shares (opening balance) | -- | -- | -- |
Footnotes (1)
- Represents the conversion upon exercise of stock options into common shares, pursuant to a 10b5-1 Plan dated June 11, 2025. These options were issued in 2019 and are set to expire on March 7, 2026. The stock options became exercisable in four installments: 12,535 on each of March 7, 2020, March 7, 2021 and March 7, 2022 and 12,538 on March 7, 2023. Mr. Lister's aggregate remaining restricted share unit and common share balances following these transactions will be 70,609 and 161,421, respectively.