[Form 4] Starz Entertainment Corp. Insider Trading Activity

Rhea-AI Filing Summary

Starz Entertainment Corp. (STRZ) – Form 4 filing dated 29-Jul-2025

CFO & Treasurer Scott D. Macdonald reported the cash-settled vesting of 11,816 restricted share units (RSUs) that vested on 27-Jul-2025 but were settled on 28-Jul-2025 at $15.41 per share (the 25-Jul closing price). Because the Company elected cash settlement, the transaction is coded “D” (disposition) and reduces the executive’s reported share balance.

• Proceeds: ~US$182,000 (11,816 × $15.41).
• Post-transaction holdings: 58,315 RSUs remain, including 14,926 units vesting 3-Jul-2026 and 29,632 units vesting in equal installments on 1-Jul-2026 and 1-Jul-2027.
• Insider role: Macdonald continues as Chief Financial Officer & Treasurer.

The filing reflects routine compensation-related settlement; no open-market buying or selling occurred. Insider still maintains a meaningful equity incentive, suggesting ongoing alignment but the cash election modestly lowers direct equity exposure.

Positive

• CFO retains 58,315 unvested RSUs, indicating continued alignment with shareholder value over the 2026-2027 period.

Negative

• 11,816 RSUs were settled for cash, marginally reducing the executive’s direct equity exposure.

Insights

Financial Analyst

TL;DR: Routine RSU cash-out; minimal market signal.

The CFO’s 11.8k-unit cash settlement (~$0.18 m) is standard compensation rather than a discretionary sale. He retains 58.3k RSUs that vest through 2027, preserving a sizeable long-term stake. Because no shares were sold into the market, supply-demand dynamics are unaffected. The dollar amount is immaterial relative to STRZ’s market cap and therefore neutral for valuation. Investors may view continued unvested holdings as alignment, but the absence of purchases offers no bullish signal.

Corporate Governance Specialist

TL;DR: Compensation settlement; governance impact negligible.

Cash settlement of RSUs is permitted under plan terms and requires disclosure as a disposition. The CFO’s remaining unvested awards ensure incentive alignment across multi-year horizons. There are no red flags regarding timing or volume. The transaction neither indicates insider pessimism nor raises control concerns. Overall governance impact is neutral.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

MACDONALD SCOTT D

(Last) (First) (Middle)

C/O STARZ ENTERTAINMENT CORP.

1647 STEWART STREET

(Street)

SANTA MONICA CA 90404

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STARZ ENTERTAINMENT CORP /CN/ [ STRZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEE REMARKS

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/25/2025(1)	07/25/2025	D		11,816(1)	D	$15.41	58,315(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the settlement on July 28, 2025 of restricted share units ("RSUs") granted by the Issuer that vested on July 27, 2025 (a non-business day), which the Company elected to settle in cash. Each RSU was settled for $15.41, based on the closing price of the Issuer's common stock on July 25, 2025, the prior business day.

2. Amount includes the following RSUs granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 14,926 RSUs scheduled to vest on July 3, 2026; and (ii) 29,632 RSUs scheduled to vest in two equal annual installments on July 1, 2026 and 2027.

Remarks:

Chief Financial Officer and Treasurer

	/s/ Audrey Lee, by power of atty., for Scott Macdonald	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many Starz Entertainment (STRZ) RSUs did the CFO settle?

Scott D. Macdonald settled 11,816 RSUs that vested on 27-Jul-2025.

What was the settlement price for the RSUs reported in the Form 4?

Each unit was settled at $15.41, the STRZ closing price on 25-Jul-2025.

Does the transaction reflect an open-market sale of STRZ shares?

No. It was a cash settlement of restricted share units, not an open-market sale.

How many RSUs does the CFO still hold after the transaction?

Macdonald continues to hold 58,315 RSUs scheduled to vest between 2026 and 2027.

When will the remaining RSUs vest?

14,926 units vest on 3-Jul-2026; 29,632 units vest in equal installments on 1-Jul-2026 and 1-Jul-2027.