STOCK TITAN
  1. Home
  2. Sec-filings
  3. LION
  4. [Form 4] Lionsgate Studios Corp. Insider Trading Activity

Lionsgate Studios (LION) Vice Chair reports RSU vesting and tax withholding share cancellation

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

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 3,186,213 common shares, including additional unvested RSUs scheduled to convert into shares over several future dates.

Positive

  • None.

Negative

  • None.
Insider BURNS MICHAEL RAYMOND
Role Vice Chair
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 — 3,186,213 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) 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. Represents common shares automatically canceled by the Issuer to satisfy certain tax withholding obligations upon the vesting of 125,000 RSUs.
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
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."
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")."
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*
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)
Director10% Owner
XOfficer (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)
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$03,186,213(2)D
Common Shares05/20/2026F63,600(3)D$12.433,122,613(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)
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) 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 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 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.

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.

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.