[Form 4] Lionsgate Studios Corp. Insider Trading Activity

Rhea-AI Filing Summary

BellRing Brands, Inc. (BRBR) – Form 4 insider transaction

President & CEO Darcy Horn Davenport disclosed the sale of 1,600 common shares on 07/03/2025 at a weighted-average price of $57.45 under a pre-arranged Rule 10b5-1 trading plan adopted on 02/26/2025. Following the transaction, the executive retains 200,378 shares, indicating the disposal represents roughly 0.8% of her direct equity stake. No derivative security activity was reported.

The filing is routine and does not signal operational changes but provides investors with visibility into insider sentiment and liquidity actions at the senior-management level.

Positive

• Governance transparency: Transaction executed under a Rule 10b5-1 plan, reducing concerns about opportunistic insider trading.

Negative

• Insider selling: Even though small, a CEO share sale can be interpreted by some investors as a marginally negative sentiment signal.

Insights

Financial Analyst

TL;DR: CEO sold 1,600 BRBR shares (~$92k) via 10b5-1 plan; minimal stake reduction, neutral signal.

The sale is modest relative to Ms. Davenport’s remaining 200k-plus shares, suggesting no material shift in confidence or strategy. Execution under a pre-scheduled 10b5-1 plan limits concerns over opportunistic timing and demonstrates sound governance. From a valuation or liquidity perspective, the transaction is negligible and unlikely to impact share price or investor outlook. I therefore view the event as neutral for BRBR shareholders.

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^*

Goldsmith Brian

(Last) (First) (Middle)

LIONSGATE STUDIOS CORP.

2700 COLORADO AVE.

(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)
	Chief Operating Officer

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	1,493,030(2)	D
Common Shares	07/03/2025		A		51,687(3)	A	$0	1,544,717(2)	D
Common Shares	07/03/2025		F		26,247(4)	D	$5.85	1,518,470(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) 55,643 RSUs scheduled to vest on July 27, 2025; (ii) 68,916 RSUs scheduled to vest on July 3, 2026; (iii) 123,059 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; and (iv) 256,024 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:

	Brian Goldsmith (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).
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FAQ

How many BellRing Brands (BRBR) shares did the CEO sell?

Darcy Horn Davenport sold 1,600 common shares.

At what price were the BRBR shares sold?

The weighted-average sale price was $57.45, with trades ranging from $57.08 to $57.89.

When did the insider sale occur?

The transaction date reported on Form 4 is July 3, 2025.

How many BRBR shares does the CEO still own after the sale?

Following the sale, the CEO owns 200,378 shares directly.

Was the transaction part of a 10b5-1 trading plan?

Yes. The Form 4 states the sale was effected under a Rule 10b5-1 plan adopted on February 26, 2025.