Starz EVP sells shares after option exercise
Starz Entertainment Corp EVP of Technology Jason Wyrick exercised stock options and sold shares in a routine transaction.
Rhea-AI Filing Summary
Starz Entertainment Corp EVP of Technology Jason Wyrick exercised stock options and sold shares in a routine transaction. He exercised a non-qualified stock option for 2,803 common shares at $19.20 per share, then sold 2,803 common shares in open-market trades at a weighted average price of $25.47, with prices ranging from $25.33 to $25.67 per share. After these transactions, he directly holds 27,241 common shares, which include restricted share units scheduled to vest in multiple installments between July 2026 and May 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 2,803 shares ($18K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Wyrick Jason
Role
EVP, Technology
Sold
2,803 shs ($71K)
Approx. gross sale proceeds
$71K
Approx. exercise cost
$54K
Approx. pre-tax spread
$18K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified stock option (right to buy) | 2,803 | $0.00 | $0.00 |
| Exercise | Common Shares | 2,803 | $19.20 | $54K |
| Sale | Common Shares | 2,803 | $25.47 | $71K |
Holdings After Transaction:
Non-qualified stock option (right to buy) — 0 contracts (Direct);
Common Shares — 27,241 shares (Direct)
Footnotes (3)
- F1. 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) 4,010 RSUs scheduled to vest on July 3, 2026; (ii) 9,086 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027; (iii) 4,647 RSUs scheduled to vest in three equal annual installments on August 4, 2026, 2027 and 2028; and (iv) 6,338 RSUs scheduled to vest in three equal installments on May 13, 2027, 2028 and 2029.
- F2. These shares were sold in multiple transactions at prices ranging from $25.33 to $25.67 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.
- F3. Fully vested and exercisable as of the date hereof.
Key Figures
Shares sold: 2,803 shares
Weighted average sale price: $25.47 per share
Option exercise price: $19.20 per share
+5 more
8 metrics
Shares sold
2,803 shares
Open-market sale of common shares
Weighted average sale price
$25.47 per share
Open-market sale price, range $25.33–$25.67
Option exercise price
$19.20 per share
Non-qualified stock option for 2,803 shares
Shares held after transactions
27,241 shares
Direct Starz common share holdings post-transaction
RSUs vesting July 3, 2026
4,010 RSUs
Payable in an equal number of common shares upon vesting
RSUs vesting 2026–2027
9,086 RSUs
Vest in two equal annual installments on July 1, 2026 and 2027
RSUs vesting 2026–2028
4,647 RSUs
Vest in three equal annual installments starting August 4, 2026
RSUs vesting 2027–2029
6,338 RSUs
Vest in three equal installments starting May 13, 2027
Key Terms
Non-qualified stock option, restricted share units ("RSUs"), weighted average price, open-market sale, +1 more
5 terms
Non-qualified stock option financial
"Non-qualified stock option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Starz (STRZ) EVP Jason Wyrick do in this Form 4 filing?
Jason Wyrick exercised options for 2,803 Starz common shares and sold 2,803 shares in open-market transactions. The sale used a weighted average price of $25.47, with trade prices ranging from $25.33 to $25.67 per share on the transaction date.
What stock options did the Starz (STRZ) EVP exercise in this transaction?
He exercised a non-qualified stock option covering 2,803 underlying common shares at an exercise price of $19.20 per share. The option was fully vested and exercisable as of the transaction date, and following exercise, no shares remained outstanding under that specific option grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
