January 2, 2025 · Form 4 insider transaction
GELFOND RICHARD L sold 109,518 shares of IMAX Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.; Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.; The restricted share units vest and will be converted to common shares in three installments: 36,506 on each of January 2, 2026, January 2, 2027 and January 2, 2028.; This represents the number of restricted share units for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 1,818,695; 294,433 and 603,500 respectively. The number of outstanding options reflects the expiration of options to purchase 467,625 common shares on January 5, 2025. Mr. Gelfond did not receive any value in connection with such expiration; therefore, such expiration is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under Rule 16b-6(d).