Douglas-linked entities trim IMAX (NYSE: IMAX) stake with 568K-share sale
Rhea-AI Filing Summary
IMAX CORP director and 10% owner Kevin Douglas–related entities reported sizable open-market sales of IMAX common stock. On March 16, 2026, accounts and trusts associated with Douglas sold a combined 568,000 shares at $37.82 per share.
After these transactions, Douglas and related entities still hold large positions, including 3,657,450 shares in a direct and joint account and additional shares through family trusts and Celtic Financial LLC. A footnote states the shares sold represent about 6.5% of his overall IMAX holdings and that his last sale of IMAX shares occurred in 2015.
Positive
- None.
Negative
- None.
Insights
Douglas-linked entities executed sizable, but partial, IMAX share sales.
Entities associated with Kevin Douglas, a director and 10% owner of IMAX CORP, sold 568,000 IMAX common shares in open-market trades at $37.82 per share on March 16, 2026. These are strong-signal insider sales because they are discretionary market transactions.
The filing shows Douglas and related entities retaining substantial holdings, including 3,657,450 shares in a direct and joint account plus significant trust and LLC positions. A footnote notes this sale equals about 6.5% of his overall IMAX stake and that his last sale was in 2015, suggesting a portfolio adjustment rather than an exit.
There are no derivative exercises or tax-related dispositions reported, and the derivative position table is empty. Future company filings may clarify any further changes in Douglas-linked ownership levels or additional transactions beyond this reported date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 330,200 | $37.82 | $12.49M |
| Sale | Common Stock | 62,600 | $37.82 | $2.37M |
| Sale | Common Stock | 43,800 | $37.82 | $1.66M |
| Sale | Common Stock | 43,800 | $37.82 | $1.66M |
| Sale | Common Stock | 43,800 | $37.82 | $1.66M |
| Sale | Common Stock | 43,800 | $37.82 | $1.66M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These securities are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas. Each of the reporting persons hereunder (individually, a "Reporting Person" and collectively the "Reporting Persons") may be deemed a member of a "group" within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5 promulgated under the Exchange Act, with one or more of the other Reporting Persons. Although the Reporting Persons are reporting such securities as if they were members of a "group", the filing of this Form 4 shall not be deemed an admission by any Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person. Includes 28,352 shares held by an intentionally defective grantor trust (the "KGD IDGT"). Kevin Douglas, as the settlor of the KGD IDGT, has the right to substitute property of equivalent value in return for the shares held by the KGD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the KGD IDGT. Includes 28,352 shares held by an intentionally defective grantor trust (the "MMD IDGT"). Michelle Douglas, as the settlor of the MMD IDGT, has the right to substitute property of equivalent value in return for the shares held by the MMD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the MMD IDGT. These securities are held directly by the Nonexempt Trust FBO Kevin G. Douglas and indirectly by Kevin Douglas. Kevin Douglas is the trustee of the Nonexempt Trust FBO Kevin G. Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Alexander James Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Alexander James Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Amanda Anne Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Amanda Anne Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Jake Edward Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Jake Edward Douglas. These securities are held directly by the Irrevocable Descendants' Trust FBO Summer Jean Douglas and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the Irrevocable Descendants' Trust FBO Summer Jean Douglas. Includes 861,045 shares held directly by James E. Douglas, III and 440,000 shares held by the Nonexempt Trust FBO James E. Douglas, III (of which James E. Douglas III is the trustee), and indirectly by Kevin Douglas These securities are held directly by Celtic Financial, LLC and indirectly by Kevin Douglas. Kevin Douglas last sold shares of the Issuer in 2015. The total number of shares sold as reported in this Form 4 reflects approximately 6.5% of his overall holdings in the Issuer.
