STOCK TITAN

IMAX (NYSE: IMAX) Richard Gelfond sells 443,159 shares, ~$17M proceeds

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

IMAX reported that Richard Gelfond executed multiple sales of Common Stock reported on Form 144, totaling 443,159 shares. The filing lists discrete dispositions on 03/10/2026, 04/02/2026, 04/06/2026, 04/10/2026, 04/13/2026, 04/14/2026, 04/15/2026, and 04/16/2026

The listed proceeds sum to $16,979,793.05 across those transactions; the sales are shown as dispositions of shares acquired under stock options on 06/07/2016 via cashless exercise/same-day sale.

Positive

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Negative

  • None.

Insights

CEO-affiliated sales: multiple open-market dispositions totaling 443,159 shares, proceeds ~ $17.0M.

The notices list eight transactions by Richard Gelfond between 03/10/2026 and 04/16/2026, showing shares acquired under stock options dated 06/07/2016 and sold via cashless exercise/same-day sale. The filing provides exact per-trade share counts and gross proceeds.

These are reported dispositions rather than corporate actions; cash-flow shows proceeds to the selling holder. Subsequent filings may show remaining holdings or confirm whether sales were pursuant to a trading plan.

Total shares sold (listed) 443,159 shares sum of eight dispositions between 03/10/2026 and 04/16/2026
Aggregate proceeds (listed) $16,979,793.05 sum of per‑trade gross proceeds shown in excerpt
Largest single trade 135,046 shares trade dated 04/10/2026 with proceeds $5,106,872.53
Notable trade 121,220 shares trade dated 03/10/2026 with proceeds $4,860,837.15
Acquisition method Stock options (06/07/2016) shares acquired as compensation under options dated 06/07/2016
Disposition method Cashless exercise / same-day sale method shown for listed dispositions
cashless exercise financial
"Compensation -- Cashless exercise / same-day sale"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Form 144 regulatory
"Securities Sold During The Past 3 Months"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
stock options financial
"Acquired as compensation -- Stock Options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What did IMAX (IMAX) disclose about Richard Gelfond's stock sales?

The filing shows Richard Gelfond sold a series of common-share blocks on specified dates. The excerpt lists eight dispositions totaling 443,159 shares for aggregate proceeds of $16,979,793.05, with shares acquired under 06/07/2016 stock options and sold via cashless exercise/same-day sale.

How many shares did Richard Gelfond sell and when were the trades reported?

The content lists eight transactions between 03/10/2026 and 04/16/2026 totaling 443,159 shares. Each trade is recorded with its specific date, share count, and gross proceeds in the filing excerpt.

Were the sold shares acquired as compensation or purchased previously?

Yes; the excerpt explicitly states the shares were acquired as compensation from stock options dated 06/07/2016. The listed method for the dispositions is cashless exercise with same-day sale.

How much gross proceeds did the reported sales generate?

The listed per-trade proceeds sum to $16,979,793.05 across the eight transactions. Each transaction line in the excerpt shows the gross dollar amount associated with that specific disposition.

Does the filing state whether these sales were under a pre-arranged trading plan?

The provided excerpt does not state that the transactions were made pursuant to a Rule 10b5-1 or any trading plan. The method shown is cashless exercise/same-day sale; no trading-plan language appears in the excerpt.