Key Points Kevin Douglas disposed of 568,000 shares for a transaction value of approximately $21.48 million, based on a weighted average price of $37.82 per share on March 16, 2026. The sale included 330,200 shares from direct holdings and 237,800 shares from indirect trusts and entities, notably including multiple family trusts and a limited liability companies. Post-transaction, Douglas retains ...
Key Points Kevin Douglas disposed of 568,000 shares for a transaction value of approximately $21.48 million, based on a weighted average price of $37.82 per share on March 16, 2026. The sale included 330,200 shares from direct holdings and 237,800 shares from indirect trusts and entities, notably including multiple family trusts and a limited liability companies. Post-transaction, Douglas retains a substantial stake, with direct and indirect holdings totaling over 5 million shares. 10 stocks we like better than IMAX › Kevin Douglas, a member of the Board of Directors for IMAX (NYSE:IMAX), reported the sale of 568,000 shares in multiple open-market transactions on March 16, 2026, as detailed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold 568,000 Shares sold (direct) 330,200 Shares sold (indirect) 237,800 Transaction value ~$21.5 million Post-transaction shares (direct) 3,657,450 Post-transaction shares (indirect) 1,614,299 Post-transaction value (direct ownership) ~$143.3 million Transaction value based on SEC Form 4 weighted average purchase price ($37.82); post-transaction value based on March 16, 2026 market close ($39.19). Key questions How does this sale compare to Douglas's historical trading activity? Since June of 2023, this is Douglas's only reported open-market sale, with the transaction size of 568,000 shares matching the median for his sell events in the period. Since June of 2023, this is Douglas's only reported open-market sale, with the transaction size of 568,000 shares matching the median for his sell events in the period. Which entities were involved in the indirect portion of this sale? The 237,800 shares sold indirectly were held through a series of family trusts, intentionally defective grantor trusts (IDGTs), and limited liability companies, reflecting diversified estate and family asset planning. The 237,800 shares sold indirectly were held through a series of family trusts, intentionally defective grantor trusts (IDGTs)...