Tax withholding trims Lionsgate Studios (LION) GC stake after RSU vesting

Rhea-AI Filing Summary

Lionsgate Studios Corp. General Counsel Tobey Bruce reported a routine tax-withholding share disposition tied to vesting equity awards. The company withheld 11,637 common shares at $10.45 per share to cover taxes when 22,872 restricted share units vested. After this automatic cancellation, Bruce beneficially owns 285,497 common shares, including multiple blocks of RSUs scheduled to vest between July 2026 and July 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tobey Bruce

Role General Counsel

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	11,637	$10.45	$122K

Holdings After Transaction: Common Shares — 285,497 shares (Direct)

Footnotes (1)

1. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 22,872 restricted share units ("RSUs"). The grant of the RSUs was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 11,637 common shares were automatically canceled to cover certain of the reporting person's tax obligations. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 19,690 RSUs scheduled to vest on July 3, 2026; (ii) 45,707 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; (iii) 45,742 RSUs scheduled to vest in two equal annual installments on April 9, 2027 and 2028; and (iv) 87,780 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028.

Key Figures

Shares withheld for taxes: 11,637 shares at $10.45 RSUs vested: 22,872 RSUs Shares owned after transaction: 285,497 shares +4 more

7 metrics

Shares withheld for taxes 11,637 shares at $10.45 Common shares automatically canceled for tax withholding on April 9, 2026

RSUs vested 22,872 RSUs RSUs vesting triggered the tax-withholding share cancellation

Shares owned after transaction 285,497 shares Total beneficial ownership after withholding, including RSUs

RSUs vesting July 3, 2026 19,690 RSUs Scheduled to vest and convert into common shares

RSUs vesting July 1, 2026 & 2027 45,707 RSUs To vest in two equal annual installments

RSUs vesting April 9, 2027 & 2028 45,742 RSUs To vest in two equal annual installments

RSUs vesting July 1, 2026–2028 87,780 RSUs To vest in three equal annual installments

Key Terms

restricted share units, tax withholding obligations, Performance Incentive Plan, automatically canceled

4 terms

restricted share units financial

"upon the vesting of 22,872 restricted share units ("RSUs")."

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

"withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting"

Performance Incentive Plan financial

"pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan"

automatically canceled financial

"11,637 common shares were automatically canceled to cover certain of the reporting person's tax obligations."

Form 4 Insider Transactions: What Each Field Means →

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
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^*

Tobey Bruce

(Last) (First) (Middle)

LIONSGATE STUDIOS CORP.

2700 COLORADO AVENUE

(Street)

SANTA MONICA CALIFORNIA 90404

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	04/09/2026		F		11,637(1)	D	$10.45	285,497(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 22,872 restricted share units ("RSUs"). The grant of the RSUs was previously reported and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 11,637 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) 19,690 RSUs scheduled to vest on July 3, 2026; (ii) 45,707 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; (iii) 45,742 RSUs scheduled to vest in two equal annual installments on April 9, 2027 and 2028; and (iv) 87,780 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028.

Remarks:

	Bruce Tobey (By Adrian Kuzycz by Power of Attorney)	04/10/2026
	** 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.
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 Lionsgate Studios Corp. (LION) disclose in Tobey Bruce’s latest Form 4?

The filing shows tax-related share withholding for General Counsel Tobey Bruce. Lionsgate Studios withheld 11,637 common shares at $10.45 each to satisfy tax obligations when 22,872 RSUs vested, an automatic process rather than an open-market sale.

How many Lionsgate Studios (LION) shares were involved in the tax withholding?

The company withheld 11,637 common shares from Tobey Bruce. These shares, valued at $10.45 each, were canceled to cover tax obligations arising from the vesting of 22,872 restricted share units under Lionsgate Studios’ 2025 Performance Incentive Plan.

Did Tobey Bruce sell Lionsgate Studios (LION) shares on the open market?

The Form 4 reports a tax-withholding disposition, not an open-market sale. Shares were automatically withheld and canceled by the company to pay taxes on vesting RSUs, consistent with plan and company policy, rather than actively sold into the market.

How many Lionsgate Studios (LION) shares does Tobey Bruce hold after this transaction?

Following the transaction, Tobey Bruce beneficially owns 285,497 common shares. This figure includes unvested RSUs that will convert into shares upon future vesting dates between July 2026 and July 2028, assuming continued service and plan conditions.

What future RSU vesting does Tobey Bruce have at Lionsgate Studios (LION)?

Bruce holds several RSU grants scheduled to vest: 19,690 on July 3, 2026; 45,707 in equal installments on July 1, 2026 and 2027; 45,742 in equal installments on April 9, 2027 and 2028; and 87,780 in three installments from July 2026 to 2028.

What does transaction code "F" mean in the Lionsgate Studios (LION) Form 4?

Transaction code “F” indicates tax withholding. It reflects payment of exercise price or tax liability by delivering securities, here via automatic cancellation of 11,637 shares to satisfy taxes on the vesting of 22,872 restricted share units granted to Tobey Bruce.