Lionsgate Studios (LION) CEO gets 4.5M options and 666k RSUs

Rhea-AI Filing Summary

Lionsgate Studios Corp. Chief Executive Officer Jon Feltheimer received a compensation package made up of stock options and restricted share units tied to future share-price performance and continued employment.

He was granted 4,500,000 non-qualified stock options with an exercise price of $11.07 per share, expiring on April 13, 2036. These options vest in three tranches only if specific stock price goals are reached within five years and he remains employed through the fifth anniversary or experiences an earlier involuntary termination. The goals are $17.50 for 2,500,000 shares, $20.00 for 1,000,000 shares, and $22.50 for 1,000,000 shares, based on a 20-day average closing price.

Feltheimer also received 666,667 restricted share units (RSUs), each convertible into one common share upon vesting. These RSUs have similar five-year, employment-based vesting conditions and three stock price hurdles: $17.50 for 370,371 RSUs, $20.00 for 148,148 RSUs, and $22.50 for 148,148 RSUs, measured over twenty consecutive trading days.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FELTHEIMER JON

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Non-qualified stock options (right to buy)	4,500,000	$0.00	--
Grant/Award	Restricted Share Units	666,667	$0.00	--

Holdings After Transaction: Non-qualified stock options (right to buy) — 4,500,000 shares (Direct); Restricted Share Units — 666,667 shares (Direct)

Footnotes (1)

1. The option consists of three tranches that will vest and be exercisable only if both (i) the stock price goal applicable to that tranche is achieved within five years after the grant date and (ii) the reporting person's employment with the Issuer continues through the fifth anniversary of the grant date (or, if earlier, an involuntary termination of employment with the Issuer). The stock price goals for the three tranches of the option are $17.50 (as to 2,500,000 shares), $20.00 (as to 1,000,000 shares) and $22.50 (as to 1,000,000 shares), and will be considered met if the average per share closing price of the Issuer's common shares over a period of twenty consecutive trading days equals or exceeds the goal. Each restricted share unit ("RSU") represents the right to receive, on vesting, one common share of the Issuer. The RSU consists of three tranches that will vest and be exercisable only if both (i) the stock price goal applicable to that tranche is achieved within five years after the grant date and (ii) the reporting person's employment with the Issuer continues through the fifth anniversary of the grant date (or, if earlier, an involuntary termination of employment with the Issuer). The stock price goals for the three tranches of the award are $17.50 (as to 370,371 RSUs), $20.00 (as to 148,148 RSUs) and $22.50 (as to 148,148 RSUs), and will be considered met if the average per share closing price of the Issuer's common shares over a period of twenty consecutive trading days equals or exceeds the goal.

Key Figures

Stock options granted: 4,500,000 options Option exercise price: $11.07 per share Option expiration: April 13, 2036 +5 more

8 metrics

Stock options granted 4,500,000 options Non-qualified stock options granted on April 13, 2026

Option exercise price $11.07 per share Exercise price for 4,500,000 options

Option expiration April 13, 2036 Expiration date of stock options

RSUs granted 666,667 RSUs Restricted share units granted on April 13, 2026

First stock price goal $17.50 Applies to 2,500,000 options and 370,371 RSUs

Second stock price goal $20.00 Applies to 1,000,000 options and 148,148 RSUs

Third stock price goal $22.50 Applies to 1,000,000 options and 148,148 RSUs

Price measurement window 20 trading days Average closing price period for stock price goals

Key Terms

Non-qualified stock options, Restricted Share Units, stock price goal, average per share closing price, +1 more

5 terms

Non-qualified stock options financial

"The option consists of three tranches that will vest and be exercisable only if both (i) the stock price goal..."

Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.

Restricted Share Units financial

"The RSU consists of three tranches that will vest and be exercisable only if both (i) the stock price goal..."

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.

stock price goal financial

"The stock price goals for the three tranches of the option are $17.50, $20.00 and $22.50..."

average per share closing price financial

"will be considered met if the average per share closing price of the Issuer's common shares over a period..."

twenty consecutive trading days financial

"over a period of twenty consecutive trading days equals or exceeds the goal."

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^*

FELTHEIMER JON

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

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

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
Non-qualified stock options (right to buy)	$11.07	04/13/2026		A		4,500,000		(1)	04/13/2036	Common Shares	4,500,000	$0	4,500,000	D
Restricted Share Units	(2)	04/13/2026		A		666,667		(3)	04/13/2031	Common Shares	666,667	$0	666,667	D

Explanation of Responses:

1. The option consists of three tranches that will vest and be exercisable only if both (i) the stock price goal applicable to that tranche is achieved within five years after the grant date and (ii) the reporting person's employment with the Issuer continues through the fifth anniversary of the grant date (or, if earlier, an involuntary termination of employment with the Issuer). The stock price goals for the three tranches of the option are $17.50 (as to 2,500,000 shares), $20.00 (as to 1,000,000 shares) and $22.50 (as to 1,000,000 shares), and will be considered met if the average per share closing price of the Issuer's common shares over a period of twenty consecutive trading days equals or exceeds the goal.

2. Each restricted share unit ("RSU") represents the right to receive, on vesting, one common share of the Issuer.

3. The RSU consists of three tranches that will vest and be exercisable only if both (i) the stock price goal applicable to that tranche is achieved within five years after the grant date and (ii) the reporting person's employment with the Issuer continues through the fifth anniversary of the grant date (or, if earlier, an involuntary termination of employment with the Issuer). The stock price goals for the three tranches of the award are $17.50 (as to 370,371 RSUs), $20.00 (as to 148,148 RSUs) and $22.50 (as to 148,148 RSUs), and will be considered met if the average per share closing price of the Issuer's common shares over a period of twenty consecutive trading days equals or exceeds the goal.

Remarks:

	Jon Feltheimer (By Adrian Kuzycz by Power of Attorney)	04/15/2026
	** 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 equity awards did Lionsgate Studios (LION) CEO Jon Feltheimer receive?

Jon Feltheimer received 4,500,000 non-qualified stock options at a $11.07 exercise price and 666,667 restricted share units. Both awards are performance-based, vesting only if specific stock price goals are met and employment conditions are satisfied over a multi-year period.

How do the new stock options for Lionsgate Studios (LION) CEO vest?

The 4,500,000 options vest in three tranches tied to stock price goals and continued employment. Tranches require average closing prices of $17.50, $20.00, and $22.50 over twenty consecutive trading days within five years, plus service through the fifth anniversary or earlier involuntary termination.

What are the details of the restricted share units granted to the Lionsgate Studios (LION) CEO?

Jon Feltheimer received 666,667 restricted share units, each representing one common share upon vesting. These RSUs vest in three tranches with stock price targets of $17.50, $20.00, and $22.50, plus continued employment for five years or earlier involuntary termination conditions.

What stock price goals apply to Jon Feltheimer’s new equity awards at Lionsgate Studios (LION)?

Both the options and RSUs use stock price goals of $17.50, $20.00, and $22.50. Each tranche vests only if the 20-day average closing price meets or exceeds its goal within five years, alongside required employment conditions through the fifth anniversary or earlier involuntary termination.

When do Jon Feltheimer’s new stock options at Lionsgate Studios (LION) expire?

The non-qualified stock options granted to Jon Feltheimer expire on April 13, 2036. They are exercisable only after vesting, which requires achieving specified stock price hurdles within five years and satisfying employment conditions through the fifth anniversary or an earlier involuntary termination event.

How is continued employment tied to Lionsgate Studios (LION) CEO’s new equity awards?

Both the options and RSUs vest only if Jon Feltheimer remains employed through the fifth anniversary of the grant date, or experiences an earlier involuntary termination. This employment condition applies in addition to meeting stock price performance goals over a five-year measurement period.