Starz (STRZ) president exercises options, sells 13,661 shares and keeps 94,419
Rhea-AI Filing Summary
STARZ ENTERTAINMENT CORP (STRZ) President of Starz Networks Alison Hoffman reported option exercises, stock sales, and equity awards in an amended Form 4. On May 13, 2026, she received a compensation-related award of 17,821 Common Shares. On May 14, 2026, she exercised a fully vested non-qualified stock option for 13,661 Common Shares at an exercise price of $8.39 per share and then sold 13,661 Common Shares in three open-market transactions at reported weighted average prices of $21.27, $22.18, and $23.14 per share. Following these transactions, she directly holds 94,419 Common Shares. The amendment clarifies that the May 14 trades were sales rather than purchases, while the transaction codes and other details were originally reported correctly. Footnotes also describe additional RSU awards that will vest and settle in future common shares on specified dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified stock option (right to buy) | 13,661 | $0.00 | -- |
| Exercise | Common Shares | 13,661 | $8.39 | $115K |
| Sale | Common Shares | 11,664 | $21.27 | $248K |
| Sale | Common Shares | 1,697 | $22.18 | $38K |
| Sale | Common Shares | 300 | $23.14 | $7K |
| Grant/Award | Common Shares | 17,821 | $0.00 | -- |
Footnotes (1)
- Amount includes adjusted RSUs from Form 4/A filed on August 14, 2025. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 21,843 RSUs scheduled to vest on July 3, 2026; (ii) 41,298 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; (iii) 13,457 RSUs scheduled to vest in three equal installments on August 4, 2026, 2027 and 2028; and (iv) 17,821 RSUs scheduled to vest in three equal installments on May 13 2027, 2028 and 2029. These shares were sold in multiple transactions at prices ranging from $20.89 to $21.83 per share, inclusive. The price reported is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The Form 4 filed on May 14, 2026 included a typographical error in this footnote indicating that these transactions were purchases when they were in fact sales. The transaction codes and all other information was reported correctly. These shares were sold in multiple transactions at prices ranging from $21.93 to $22.77 per share, inclusive. The price reported is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The Form 4 filed on May 14, 2026 included a typographical error in this footnote indicating that these transactions were purchases when they were in fact sales. The transaction codes and all other information was reported correctly. These shares were sold in multiple transactions at prices ranging from $23.01 to $23.20 per share, inclusive. The price reported is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The Form 4 filed on May 14, 2026 included a typographical error in this footnote indicating that these transactions were purchases when they were in fact sales. The transaction codes and all other information was reported correctly. Fully vested and exercisable as of the date hereof.