Lionsgate Studios insider filing shows routine RSU vesting, minor share change

Rhea-AI Filing Summary

Form 4 filing overview (Lionsgate Studios Corp., ticker LION). General Counsel Bruce Tobey reported three equity transactions on 03 July 2025 connected with the vesting of previously granted restricted share units (RSUs) and related tax withholding.

• Share withholding for taxes (Code F): 9,999 common shares at an implied price of $5.80 and 7,499 shares at $5.85 were automatically surrendered to cover statutory tax obligations.
• Share issuance on vesting (Code A): 14,768 common shares were issued at $0 cost when 75 % of a performance-based RSU award vested.
• Resulting ownership: Tobey’s direct beneficial stake changed from approximately 304,391 shares before the first withholding to 301,661 shares after all entries—a net reduction of 2,730 shares (-0.9 %).
• Unvested equity still outstanding: Footnote 2 details 230,508 RSUs scheduled to vest between 2026 – 2028 under the 2025 Performance Incentive Plan.

Transactions were non-open-market and routine in nature, reflecting compensation-related share delivery and tax settlement rather than discretionary buying or selling. No derivative securities were reported. The filing does not indicate any strategic change in insider sentiment or corporate outlook.

Insights

Securities Analyst

TL;DR Routine RSU vesting and tax-withholding; negligible net share change, neutral signal for investors.

The filing shows administrative equity movements typical around vesting dates. No open-market sales occurred; the disposals were involuntary tax withholdings (Code F). The net reduction of 2,730 shares is immaterial against Tobey’s 300k-plus holding and the company’s overall float. The sizeable unvested RSU pool (≈230k shares) continues to align the executive with long-term performance targets. Overall impact on valuation or insider-sentiment read-through is minimal.

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

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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 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)
	General Counsel

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		9,999(1)	D	$5.8	294,392(2)	D
Common Shares	07/03/2025		A		14,768(3)	A	$0	309,160(2)	D
Common Shares	07/03/2025		F		7,499(4)	D	$5.85	301,661(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 19,690 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, 9,999 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) 8,707 RSUs scheduled to vest on March 27, 2026; (ii)19,690 RSUs scheduled to vest on July 3, 2026; (iii) 45,707 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; (iv) 68,614 RSUs scheduled to vest in three equal annual installments on April 9, 2026, 2027 and 2028; and (v) 87,780 SUs 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 14,768 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, 7,499 common shares were automatically canceled to cover certain of the reporting person's tax obligations.

Remarks:

	Bruce Tobey (By Adrian Kuzycz by Power of Attorney)	07/07/2025
	** Signature of Reporting Person	Date
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FAQ

How many Lionsgate Studios (LION) shares does Bruce Tobey now own?

Following the reported transactions, Tobey holds 301,661 common shares directly.

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

No. The disposals were automatic tax withholdings (Form 4 Code F), not open-market sales.

What was the net share change for the insider in this Form 4?

Tobey’s position decreased by 2,730 shares, a 0.9 % reduction.

How many RSUs remain unvested for Bruce Tobey?

The filing lists approximately 230,508 unvested RSUs scheduled to vest between 2026 and 2028.

Were any derivative securities reported in this filing?

No derivative securities (options, warrants, etc.) were listed in Table II.