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Lionsgate (NYSE: LION) GC gets 125,000 RSUs; shares withheld for tax

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

Rhea-AI Filing Summary

Lionsgate Studios Corp. General Counsel Tobey Bruce reported routine equity compensation activity. A fiscal 2025 annual incentive bonus vested in 125,000 restricted share units, delivered as common shares at no cost. To cover related tax obligations, 63,600 common shares were automatically canceled by the company at a value of $12.43 per share.

Following these transactions, Bruce holds 410,497 common shares directly, a figure that includes unvested restricted share units scheduled to vest between July 2026 and July 2028.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting with tax withholding; no clear trading signal.

The General Counsel received 125,000 common shares as part of a vested fiscal 2025 incentive bonus, a standard stock-based compensation event. These shares were granted at no purchase price and reflect planned pay structure rather than discretionary market buying.

To satisfy tax obligations triggered by vesting, 63,600 shares were automatically canceled at $12.43 per share. Afterward, Bruce directly holds 410,497 common shares, including sizeable unvested RSU grants vesting from July 2026 through July 2028. Overall, this filing documents compensation mechanics rather than a directional bet on the stock.

Insider Tobey Bruce
Role General Counsel
Type Security Shares Price Value
Grant/Award Common Shares 125,000 $0.00 --
Tax Withholding Common Shares 63,600 $12.43 $791K
Holdings After Transaction: Common Shares — 410,497 shares (Direct, null)
Footnotes (1)
  1. Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs"). 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. Represents common shares automatically canceled by the Issuer to satisfy certain tax withholding obligations upon the vesting of 125,000 RSUs.
RSUs vested 125,000 common shares Fiscal 2025 annual incentive bonus vesting
Shares canceled for tax 63,600 common shares Automatically canceled to satisfy tax withholding
Tax withholding price $12.43 per share Value applied to 63,600 canceled shares
Shares held after transactions 410,497 common shares Direct holdings including unvested RSUs after Form 4 events
Unvested RSU tranche 1 19,690 RSUs Scheduled to vest on July 3, 2026
Unvested RSU tranche 2 45,707 RSUs Scheduled to vest in two equal installments on July 1, 2026 and 2027
Unvested RSU tranche 3 45,742 RSUs Scheduled to vest in two equal installments on April 9, 2027 and 2028
Unvested RSU tranche 4 87,780 RSUs Scheduled to vest in three equal installments on July 1, 2026, 2027 and 2028
restricted share units ("RSUs") financial
"Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs")."
tax withholding obligations financial
"Represents common shares automatically canceled by the Issuer to satisfy certain tax withholding obligations upon the vesting of 125,000 RSUs."
annual incentive bonus financial
"Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs")."
grant, award, or other acquisition financial
"Grant, award, or other acquisition"
Payment of exercise price or tax liability by delivering securities financial
"Payment of exercise price or tax liability by delivering securities"
Form 4 Insider Transactions: What Each Field Means →
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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		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 Shares05/20/2026A125,000(1)A$0410,497(2)D
Common Shares05/20/2026F63,600(3)D$12.43346,897(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs").
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.
3. Represents common shares automatically canceled by the Issuer to satisfy certain tax withholding obligations upon the vesting of 125,000 RSUs.
Remarks:
Bruce Tobey (By Adrian Kuzycz by Power of Attorney)05/21/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Lionsgate (LION) General Counsel Tobey Bruce report?

Tobey Bruce reported vesting of 125,000 restricted share units into common shares as a fiscal 2025 incentive bonus, and an automatic cancellation of 63,600 shares to satisfy tax withholding obligations related to that vesting event.

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

No open-market trades were reported. The Form 4 shows a grant of 125,000 common shares from vested RSUs and a tax-withholding disposition of 63,600 shares automatically canceled by Lionsgate to cover related tax liabilities.

How many Lionsgate (LION) shares does Tobey Bruce hold after these transactions?

After the RSU vesting and tax-withholding cancellation, Tobey Bruce directly holds 410,497 common shares. This figure includes unvested restricted share units that will convert into common shares as they vest over future dates.

What was the price used for the tax-withholding shares in the Lionsgate (LION) filing?

The 63,600 common shares canceled for tax withholding were valued at $12.43 per share. This value reflects the price applied to determine how many shares were needed to satisfy the associated tax obligations on the RSU vesting.

Are additional Lionsgate (LION) RSUs scheduled to vest for Tobey Bruce?

Yes. Footnotes state that Bruce holds multiple RSU grants scheduled to vest in installments on July 1 and July 3, 2026, and further installments on April 9 and July 1 in 2027 and 2028, payable in common shares upon vesting.

Is the Lionsgate (LION) Form 4 for Tobey Bruce a routine compensation event?

Yes, the filing reflects routine equity compensation: vesting of a fiscal 2025 incentive bonus in RSUs and automatic share cancellation for tax withholding, with no discretionary open-market buying or selling disclosed in the transactions.