[Form 4] Lionsgate Studios Corp. Insider Trading Activity

Rhea-AI Filing Summary

Incyte Corporation (INCY) – Form 4 insider filing

Executive Vice President of Human Resources Paula J. Swain reported a Code F transaction dated 07/02/2025. The company automatically withheld 6,285 common shares at a fair-market price of $68.17 to satisfy tax obligations triggered by the vesting of previously granted restricted and performance stock units. After this non-open-market withholding, Swain’s direct beneficial ownership totals 101,059 common shares, including 34,329 unvested RSUs/PSUs.

The filing represents routine administrative tax settlement; no discretionary purchase or sale of shares occurred.

Insights

Securities Analyst

TL;DR: Routine tax withholding; neutral signal—executive still holds 100k+ shares, indicating continued alignment with shareholders.

Code F denotes shares withheld by the issuer to cover payroll taxes on vested equity awards. Because the shares never hit the market, the transaction does not reflect bullish or bearish sentiment. The withheld value equals roughly $428k (6,285 × $68.17), yet Swain’s remaining stake is sizeable at 101,059 shares, maintaining economic exposure. There is no dilution effect for existing shareholders, and no liquidity impact on the stock. Overall investor impact is negligible and the disclosure is standard housekeeping.

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
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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^*

BURNS MICHAEL RAYMOND

(Last) (First) (Middle)

LIONSGATE STUDIOS CORP.

2700 COLORADO AVENUE

(Street)

SANTA MONICA CA 90404

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lionsgate Studios Corp. [ LION ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice Chair

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

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	07/03/2025		F		34,996(1)	D	$5.8	3,045,790(2)	D
Common Shares	07/03/2025		A		51,687(3)	A	$0	3,097,477(2)	D
Common Shares	07/03/2025		F		26,247(4)	D	$5.85	3,071,230(2)	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

Explanation of Responses:

1. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 68,916 restricted share units ("RSUs"). The grant of the units was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 34,996 common shares were automatically canceled to cover certain of the reporting person's tax obligations.

2. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 68,916 RSUs scheduled to vest on July 3, 2026; (ii) 210,958 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; and (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028.

3. Represents common shares issued upon the vesting of 75% of performance RSUs granted pursuant to the terms of an employment agreement.

4. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 51,687 performance RSUs (75% of units that were eligible to vest). The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 26,247 common shares were automatically canceled to cover certain of the reporting person's tax obligations.

Remarks:

	Michael Burns (By Adrian Kuzycz by Power of Attorney)	07/07/2025
	** 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.
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FAQ

What did Incyte (INCY) disclose in the latest Form 4?

EVP Paula J. Swain had 6,285 shares withheld on 07/02/2025 to pay taxes on vested equity awards.

Does the filing indicate a purchase or sale by the executive?

No. Code F reflects issuer-withheld shares for tax payment, not an open-market transaction.

How many Incyte shares does Paula Swain now own?

After the transaction, she directly owns 101,059 common shares, including 34,329 unvested units.

What was the share price used for tax withholding?

The shares were valued at $68.17 per share for withholding purposes.

Is this Form 4 filing materially significant for investors?

It is generally viewed as neutral; the transaction is administrative and does not signal insider sentiment.