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  4. [Form 4] Lionsgate Studios Corp. Insider Trading Activity

Lionsgate vice chair reports RSU awards, tax withholding

Lionsgate Studios Corp. Vice Chair Michael Raymond Burns reported equity-based compensation activity in company stock.

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Form Type
4

Rhea-AI Filing Summary

Lionsgate Studios Corp. Vice Chair Michael Raymond Burns reported equity-based compensation activity in company stock. On July 1 and July 3, 2026, he received several grants and vestings of common-share-based awards, including RSU and performance RSU grants under his employment agreement and the Lionsgate Studios Corp. 2025 Performance Incentive Plan.

Across these dates, he acquired common shares at no cash cost through grants and vesting, while the company withheld a total of 189,870 common shares at prices around $14.66–$15.31 per share to cover tax obligations. After these compensation-related transactions, he directly holds 3,287,471 common shares of Lionsgate Studios Corp.

Insider BURNS MICHAEL RAYMOND
Role Vice Chair
Type Security Shares Price Value
Exercise Price or Tax Liability Common Shares 35,064 $14.66 $514K
Grant/Award Common Shares 68,926 $0.00 $0.00
Exercise Price or Tax Liability Common Shares 35,064 $14.66 $514K
Grant/Award Common Shares 133,067 $0.00 $0.00
Exercise Price or Tax Liability Common Shares 53,668 $15.31 $822K
Grant/Award Common Shares 105,479 $0.00 $0.00
Exercise Price or Tax Liability Common Shares 53,668 $15.03 $807K
Exercise Price or Tax Liability Common Shares 6,203 $15.31 $95K
Grant/Award Common Shares 12,192 $0.00 $0.00
Exercise Price or Tax Liability Common Shares 6,203 $15.03 $93K
Holdings After Transaction: Common Shares — 3,252,407 shares (Direct)
Footnotes (12)
  1. F1. Represents an annual equity award granted pursuant to the terms of an employment agreement with the reporting person.
  2. F2. Amount includes the following restricted share units ("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; (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
  3. F3. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 105,479 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, 53,668 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
  4. F4. 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) 105,479 RSUs scheduled to vest on July 1, 2027; (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
  5. F5. Represents common shares issued upon the vesting of performance RSUs granted pursuant to the terms of an employment agreement.
  6. F6. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 105,479 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 53,668 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
  7. F7. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 12,192 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, 6,203 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
  8. F8. 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) 105,479 RSUs scheduled to vest on July 1, 2027; (iii) 24,383 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
  9. F9. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 12,192 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 6,203 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
  10. F10. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 68,916 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, 35,064 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
  11. F11. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 105,479 RSUs scheduled to vest on July 1, 2027; (ii) 24,383 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (iii) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
  12. F12. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 68,916 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 35,064 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
Tax-withholding shares 189,870 shares Shares withheld to cover tax obligations on RSU vesting
Shares held after transactions 3,287,471 shares Direct common-share holdings after July 2026 Form 4 activity
Single RSU grant 133,067 RSUs RSUs scheduled to vest in three equal annual installments from July 1, 2027
Performance RSU vesting 105,479 RSUs Performance RSUs vested with related tax-withholding share cancellations
Additional RSU grant 105,479 RSUs RSUs scheduled to vest on July 1, 2027
RSU vesting block 68,916 RSUs RSUs scheduled to vest on July 3, 2026
Tax-withholding price range $14.66–$15.31/share Per-share prices used for tax-withholding share calculations
restricted share units ("RSUs") financial
"Amount includes the following restricted share units ("RSUs") granted by the Issuer, payable upon vesting in an equal number of common shares..."
tax withholding obligations financial
"Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 105,479 RSUs."
Performance Incentive Plan financial
"pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 53,668 common shares were automatically canceled..."
performance RSUs financial
"Represents common shares issued upon the vesting of performance RSUs granted pursuant to the terms of an employment agreement."
Performance RSUs are promises to deliver company shares to executives or employees only if the business meets preset goals such as revenue, profit, stock price, or operational targets. They matter to investors because they align management pay with measurable company results and can affect the number of shares outstanding and future earnings per share once the shares are issued. Think of them as a bonus paid in stock that only arrives if the team hits the agreed milestones.
annual equity award financial
"Represents an annual equity award granted pursuant to the terms of an employment agreement with the reporting person."

FAQ

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

What did Lionsgate (LION) Vice Chair Michael Raymond Burns report in this Form 4?
Michael Raymond Burns reported equity compensation activity, including grants and vesting of RSUs and performance RSUs, with associated tax-withholding share dispositions, all in Lionsgate Studios Corp. common shares during early July 2026 under his employment arrangements.

Did Michael Raymond Burns buy or sell Lionsgate (LION) shares on the open market?
The filing shows no open-market purchases or sales. All transactions are equity grants, vesting of RSUs and performance RSUs, and shares withheld by Lionsgate Studios Corp. to satisfy tax obligations, rather than discretionary market trades.

How many Lionsgate (LION) shares were withheld for Michael Raymond Burns’s taxes?
The Form 4 summary indicates 189,870 common shares were withheld to cover tax obligations tied to RSU and performance RSU vesting, with withholding share prices in the mid‑teens per share as disclosed in the individual transactions.

What is Michael Raymond Burns’s Lionsgate (LION) shareholding after these transactions?
After the reported RSU grants, performance RSU vesting, and related tax-withholding share cancellations, Michael Raymond Burns directly holds 3,287,471 Lionsgate Studios Corp. common shares, according to the post-transaction share balance in the Form 4 data.

What types of RSUs are included in Michael Raymond Burns’s Lionsgate (LION) awards?
The footnotes describe time-based RSUs and performance RSUs. These units convert into an equal number of Lionsgate common shares upon vesting on specified dates between July 2026 and July 2029 under the company’s 2025 Performance Incentive Plan.

Over what period are Michael Raymond Burns’s Lionsgate (LION) RSUs scheduled to vest?
The RSU and performance RSU schedules in the footnotes show vesting dates on July 3, 2026 and various July 1 dates in 2026, 2027, 2028, and 2029, with some awards vesting entirely on a single date and others in equal annual installments.

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

Form 4 Insider Transactions: What Each Field Means →
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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)
07/01/2026		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 Shares07/01/2026A133,067(1)A$03,255,680(2)D
Common Shares07/01/2026F53,668(3)D$15.313,202,012(4)D
Common Shares07/01/2026A105,479(5)A$03,307,491(4)D
Common Shares07/01/2026F53,668(6)D$15.033,253,823(4)D
Common Shares07/01/2026F6,203(7)D$15.313,247,620(8)D
Common Shares07/01/2026A12,192(5)A$03,259,812(8)D
Common Shares07/01/2026F6,203(9)D$15.033,253,609(8)D
Common Shares07/03/2026F35,064(10)D$14.663,218,545(11)D
Common Shares07/03/2026A68,926(5)A$03,287,471(11)D
Common Shares07/03/2026F35,064(12)D$14.663,252,407(11)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 an annual equity award granted pursuant to the terms of an employment agreement with the reporting person.
2. Amount includes the following restricted share units ("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; (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
3. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 105,479 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, 53,668 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
4. 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) 105,479 RSUs scheduled to vest on July 1, 2027; (iii) 36,575 RSUs scheduled to vest in three equal annual installments on July 1, 2026, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
5. Represents common shares issued upon the vesting of performance RSUs granted pursuant to the terms of an employment agreement.
6. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 105,479 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 53,668 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
7. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 12,192 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, 6,203 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
8. 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) 105,479 RSUs scheduled to vest on July 1, 2027; (iii) 24,383 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (iv) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
9. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 12,192 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 6,203 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
10. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 68,916 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, 35,064 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
11. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 105,479 RSUs scheduled to vest on July 1, 2027; (ii) 24,383 RSUs scheduled to vest in two equal annual installments on July 1, 2027 and 2028; and (iii) 133,067 RSUs scheduled to vest in three equal annual installments on July 1, 2027, 2028 and 2029.
12. Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 68,916 performance RSUs. The grant of the units is reported herein and, pursuant to the Lionsgate Studios Corp. 2025 Performance Incentive Plan and the Issuer's policies, 35,064 common shares were automatically canceled to cover certain of the reporting person's tax obligations.
Remarks:
Michael Burns (By Adrian Kuzycz by Power of Attorney)07/06/2026
** 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

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