What are the key restricted share unit (RSU) positions disclosed for Lionsgate (LION) Vice Chair Burns?

Burns’ holdings include 68,916 RSUs scheduled to vest on July 3, 2026, 210,958 RSUs vesting in two equal installments on July 1, 2026 and 2027, and 36,575 RSUs vesting in three equal installments on July 1, 2026, 2027 and 2028, all payable in common shares.

Lionsgate Vice Chair reports RSU vesting and tax shares

Lionsgate Studios Corp. Vice Chair Michael Raymond Burns reported compensation-related share activity.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Lionsgate Studios Corp. Vice Chair Michael Raymond Burns reported compensation-related share activity. On the vesting of 125,000 restricted share units (RSUs) tied to his fiscal 2025 annual incentive bonus, he received an equivalent number of common shares at no cost.

To cover tax withholding on this vesting, 63,600 common shares were automatically canceled by the company at a value of $12.43 per share, rather than sold on the open market. After these transactions, Burns directly held 3,122,613 common shares, including additional unvested RSUs scheduled to convert into shares over several future dates.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BURNS MICHAEL RAYMOND

Role Vice Chair

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	125,000	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	63,600	$12.43	$791K

Holdings After Transaction: Common Shares — 3,122,613 shares (Direct)

Footnotes (3)

F1. Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs").
F2. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 68,916 RSUs scheduled to vest on July 3, 2026; (ii) 210,958 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; and (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028.
F3. Represents common shares automatically canceled by the Issuer to satisfy certain tax withholding obligations upon the vesting of 125,000 RSUs.

Key Figures

Shares canceled for tax withholding: 63,600 shares at $12.43 RSUs vested: 125,000 RSUs Shares held after transactions: 3,186,213 common shares +3 more

6 metrics

Shares canceled for tax withholding 63,600 shares at $12.43 Common shares automatically canceled to satisfy tax withholding obligations

RSUs vested 125,000 RSUs Portion of fiscal 2025 annual incentive bonus vesting into common shares

Shares held after transactions 3,186,213 common shares Direct holdings following reported Form 4 transactions

RSUs vesting July 3, 2026 68,916 RSUs Unvested restricted share units scheduled to vest on July 3, 2026

RSUs vesting 2026–2027 210,958 RSUs RSUs vesting in two equal annual installments on July 1, 2026 and 2027

RSUs vesting 2026–2028 36,575 RSUs RSUs vesting in three equal annual installments on July 1, 2026, 2027 and 2028

Key Terms

restricted share units ("RSUs"), tax withholding obligations, vesting, annual incentive bonus

4 terms

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."

vesting financial

"Represents the vesting of the portion of the reporting person's fiscal 2025 annual incentive bonus in restricted share units ("RSUs")."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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")."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Lionsgate Studios (LION) report for Michael Raymond Burns?

Lionsgate Studios reported that Vice Chair Michael Raymond Burns had 125,000 restricted share units vest into common shares and 63,600 shares automatically canceled to satisfy tax withholding obligations. These movements reflect compensation and tax mechanics, not open-market buying or selling.

Did Michael Raymond Burns buy or sell Lionsgate (LION) shares in the open market?

The transactions do not involve open-market purchases or sales. Burns received 125,000 shares from vesting restricted share units and had 63,600 shares canceled by the company to cover tax withholding, a non-market disposition typical of equity compensation vesting.

How many Lionsgate Studios (LION) shares does Michael Raymond Burns hold after this Form 4?

Following the reported compensation-related transactions, Michael Raymond Burns directly holds 3,186,213 Lionsgate Studios common shares. This figure includes shares received from vested restricted share units and is separate from additional unvested RSUs that are scheduled to vest in future years.

How were taxes handled on Michael Raymond Burns’ RSU vesting at Lionsgate (LION)?

When 125,000 restricted share units vested, Lionsgate automatically canceled 63,600 common shares to satisfy tax withholding obligations. This tax-withholding method uses shares to cover taxes instead of requiring cash, and is reported with a transaction price of $12.43 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 05/21/2026 - 06:00 PM EDT

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^*

BURNS MICHAEL RAYMOND

(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)
	Vice Chair

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/20/2026		A		125,000⁽¹⁾	A	$0	3,186,213⁽²⁾	D
Common Shares	05/20/2026		F		63,600⁽³⁾	D	$12.43	3,122,613⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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) 68,916 RSUs scheduled to vest on July 3, 2026; (ii) 210,958 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; and (iii) 36,575 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:

	Michael Burns (By Adrian Kuzycz by Power of Attorney)	05/21/2026
	** 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)

Source: View Original Filing on SEC EDGAR