Starz Entertainment (STRZ) awards 1,946 director fee share units
Rhea-AI Filing Summary
RACHESKY MARK H MD reported acquisition or exercise transactions in this Form 4 filing.
Mark H. Rachesky, M.D., a director and 10% owner of Starz Entertainment Corp, reported receiving 1,946 common shares on July 28, 2026 as director fees, in the form of restricted share units that vested immediately upon grant. Additional entries describe shares held through various MHR-affiliated investment funds, where he and related entities may be deemed beneficial owners but disclaim ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,946 shares
Net Buy
8 txns
Insider
RACHESKY MARK H MD
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares F14 | 1,946 | $0.00 | $0.00 |
| holding | Common Shares F1 | -- | -- | -- |
| holding | Common Shares F13, F2, F3 | -- | -- | -- |
| holding | Common Shares F13, F4 | -- | -- | -- |
| holding | Common Shares F13, F5, F6 | -- | -- | -- |
| holding | Common Shares F13, F7, F8 | -- | -- | -- |
| holding | Common Shares F13, F9, F10 | -- | -- | -- |
| holding | Common Shares F13, F11, F12 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 30,568 shares (Direct);
Common Shares — 2,863,232 shares (Indirect, See Footnotes)
Footnotes (14)
- F1. Annual director compensation awards. These are restricted share units granted by the Issuer, payable upon vesting in an equal number of Common Shares, which are scheduled to vest in one annual installment on May 15, 2027.
- F2. These shares are held for the account of MHR Capital Partners Master Account LP, an Anguilla, British West Indies limited partnership ("Master Account"). MHR Advisors LLC, a Delaware limited liability company ("Advisors"), is the general partner of Master Account. MHRC LLC, a Delaware limited liability company ("MHRC"), is the managing member of Advisors. Mark H. Rachesky, M.D. ("Dr. Rachesky") is the managing member of MHRC. MHR Fund Management LLC ("Fund Management") has an investment management agreement with Master Account pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Master Account. MHR Holdings LLC, a Delaware limited liability company ("MHR Holdings"), is the managing member of Fund Management. (Continued to footnote 3)
- F3. Accordingly, Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Master Account. Each of Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- F4. These shares are held for the account of MHR Capital Partners (100) LP, a Delaware limited partnership ("Capital Partners (100)"). Advisors is the general partner of Capital Partners (100). MHRC is the managing member of Advisors. Dr. Rachesky is the managing member of MHRC. Fund Management has an investment management agreement with Capital Partners (100) pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Capital Partners (100). MHR Holdings is the managing member of Fund Management. Accordingly, Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Capital Partners (100). Each of Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- F5. These shares are held for the account of MHR Institutional Partners II LP, a Delaware limited partnership ("Institutional Partners II"). MHR Institutional Advisors II LLC, a Delaware limited liability company ("Institutional Advisors II"), is the general partner of Institutional Partners II. MHRC II LLC, a Delaware limited liability company ("MHRC II"), is the managing member of Institutional Advisors II. Dr. Rachesky is the managing member of MHRC II. Fund Management has an investment management agreement with Institutional Partners II pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners II. MHR Holdings is the managing member of Fund Management. (Continued to footnote 6)
- F6. Accordingly, Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners II. Each of Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- F7. These shares are held for the account of MHR Institutional Partners IIA LP, a Delaware limited partnership ("Institutional Partners IIA"). Institutional Advisors II is the general partner of Institutional Partners IIA. MHRC II is the managing member of Institutional Advisors II. Dr. Rachesky is the managing member of MHRC II. Fund Management has an investment management agreement with Institutional Partners IIA pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners IIA. MHR Holdings is the managing member of Fund Management. (Continued to footnote 8)
- F8. Accordingly, Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners IIA. Each of Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- F9. These shares are held for the account of MHR Institutional Partners III LP, a Delaware limited partnership ("Institutional Partners III"). MHR Institutional Advisors III LLC, a Delaware limited liability company ("Institutional Advisors III"), is the general partner of Institutional Partners III. Dr. Rachesky is the managing member of Institutional Advisors III. Fund Management is an affiliate of, and has an investment management agreement with, Institutional Partners III pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners III. MHR Holdings is the managing member of Fund Management. (Continued to footnote 10)
- F10. Accordingly, Institutional Advisors III, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners III. Each of Institutional Advisors III, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- F11. These shares are held for the account of MHR Institutional Partners IV LP, a Delaware limited partnership ("Institutional Partners IV"). MHR Institutional Advisors IV LLC, a Delaware limited liability company ("Institutional Advisors IV") is the general partner of Institutional Partners IV. Dr. Rachesky is the managing member of Institutional Advisors IV. Fund Management is an affiliate of, and has an investment management agreement with, Institutional Partners IV pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners IV. MHR Holdings is the managing member of Fund Management. (Continued to footnote 12)
- F12. Accordingly, Institutional Advisors IV, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners IV. Each of Institutional Advisors IV, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- F13. The shares reported as owned on this Form 4 do not include the shares, which the reporting persons may be deemed to beneficially own as a result of that certain Voting and Standstill Agreement, by and among the Issuer, Liberty Global Ventures Limited, a limited company organized under the laws of England and Wales, Liberty Global Ltd., Bermuda exempted company limited by shares, Discovery Lightning Investments Ltd., a limited company organized under the laws of England and Wales, Warner Bros. Discovery, Inc., a Delaware corporation, Master Account, Capital Partners (100), Institutional Partners II, Institutional Partners IIA, Institutional Partners III, Institutional Partners IV and Fund Management, but as to which they have no pecuniary interest.
- F14. Director fees granted in restricted share units of the Issuer, which vested immediately upon grant.
Key Figures
Director fee shares granted: 1946 Common Shares
Grant price per share: $0.0000 per share
RSU vesting date (annual award): May 15, 2027
+1 more
4 metrics
Director fee shares granted
1946 Common Shares
Non-derivative grant/award acquisition on 2026-07-28
Grant price per share
$0.0000 per share
Common shares received as director compensation with no cash price paid
RSU vesting date (annual award)
May 15, 2027
Annual director compensation restricted share units scheduled to vest in one installment
Holding entries reported
7
Seven non-transactional holding rows for direct and indirect ownership structures
Key Terms
restricted share units, pecuniary interest, Voting and Standstill Agreement, beneficially own
4 terms
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of their pecuniary interest"
Voting and Standstill Agreement regulatory
"beneficially own as a result of that certain Voting and Standstill Agreement"
beneficially own financial
"may be deemed to beneficially own the shares held for the account of"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Mark H. Rachesky report in Starz Entertainment (STRZ) on this Form 4?
He reported receiving 1,946 common shares of Starz Entertainment Corp on July 28, 2026 as director fees, via restricted share units that vested immediately upon grant.
Did the STRZ Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as affirming a trading plan, indicating the reported acquisition was not effected under a Rule 10b5-1 plan.
How are Mark H. Rachesky’s indirect STRZ holdings structured in this Form 4?
Footnotes explain that additional shares are held in accounts of MHR Capital Partners and several MHR Institutional Partners funds, with MHR Fund Management LLC having voting and disposition power under investment management agreements.