GELFOND RICHARD L sold IMAX
May 19, 2025 · Form 4 insider transaction
GELFOND RICHARD L sold 100,000 shares of IMAX Corporation at $27.11 per share, a transaction worth $2.71M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 0 days after the transaction.
Footnotes
At this time, the Reporting Person has no intention to execute further sales for the remainder of 2025.; A substantial portion of the proceeds from the sale of these shares will be used for the prepayment of a mortgage obligation of the Reporting Person, which is subject to an adjustable interest rate that has increased significantly.; This represents the number of common shares for this transaction only. Mr. Gelfond's remaining outstanding options, restricted share units and common share balances following this transaction will be 1,818,695, 294,433 and 604,599 respectively.