RACHESKY MARK H MD 4
4 · STARZ ENTERTAINMENT CORP /CN/ · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Starz (STRZ) 10% Owner Mark Rachesky Receives Award of 4,753 Shares
What Happened
Mark H. Rachesky (10% owner and director) was granted/received 4,753 common shares of Starz Entertainment Corp (STRZ) on 2026-01-27 at an attributable price of $10.52 per share, a total value of approximately $50,002. The transaction is reported on a Form 4 as an acquisition/award (transaction code A) and the filing notes these were director fees (footnote 1).
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (within the typical 2-business-day reporting window).
- Price per share: $10.52; Shares acquired: 4,753; Reported value: $50,002.
- Transaction code: A (award/grant/acquisition).
- Shares owned after transaction: not specified in the excerpt provided; full Form 4 or issuer records may list total holdings.
- Notable footnotes: F1 states these were director fees paid in common shares. F2–F13 detail complex beneficial ownership through various MHR funds and partnerships and disclaimers — Rachesky is linked to multiple fund entities (Advisors, Fund Management, MHR Holdings, Institutional Partners IV, etc.) that may be deemed to beneficially own shares held for those accounts, but each disclaims ownership except for pecuniary interest. F13 references a voting/standstill agreement and clarifies certain shares are not included in the reported total.
Context
- This was an award of shares as director compensation, not an open-market purchase or sale. Such awards are common for non-employee directors and reflect compensation, not necessarily a buy/sell signal.
- As a reported 10% owner with holdings routed through investment vehicles, Rachesky’s filings include multiple fund-structure footnotes that explain how beneficial ownership is attributed; these structures can make total beneficial holdings more complex than the single line item shown here.
Insider Transaction Report
Form 4
RACHESKY MARK H MD
Director10% Owner
Transactions
- Award
Common Shares
[F1]2026-01-27$10.52/sh+4,753$50,002→ 22,134 total
Holdings
- 471,153(indirect: See Footnotes)
Common Shares
[F13][F2][F3] - 61,886(indirect: See Footnotes)
Common Shares
[F13][F4] - 97,963(indirect: See Footnotes)
Common Shares
[F13][F5][F6] - 246,799(indirect: See Footnotes)
Common Shares
[F13][F7][F8] - 1,678,258(indirect: See Footnotes)
Common Shares
[F13][F9][F10] - 307,173(indirect: See Footnotes)
Common Shares
[F13][F11][F12]
Footnotes (13)
- [F1]Director fees granted in Common Shares of the Issuer.
- [F10]Accordingly, Institutional Advisors III, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners III. Each of Institutional Advisors III, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F11]These shares are held for the account of MHR Institutional Partners IV LP, a Delaware limited partnership ("Institutional Partners IV"). MHR Institutional Advisors IV LLC, a Delaware limited liability company ("Institutional Advisors IV") is the general partner of Institutional Partners IV. Dr. Rachesky is the managing member of Institutional Advisors IV. Fund Management is an affiliate of, and has an investment management agreement with, Institutional Partners IV pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners IV. MHR Holdings is the managing member of Fund Management. (Continued to footnote 13)
- [F12]Accordingly, Institutional Advisors IV, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners IV. Each of Institutional Advisors IV, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F13]The shares reported as owned on this Form 4 do not include the shares, which the reporting persons may be deemed to beneficially own as a result of that certain Voting and Standstill Agreement, by and among the Issuer, Liberty Global Ventures Limited, a limited company organized under the laws of England and Wales, Liberty Global Ltd., Bermuda exempted company limited by shares, Discovery Lightning Investments Ltd., a limited company organized under the laws of England and Wales, Warner Bros. Discovery, Inc., a Delaware corporation, Master Account, Capital Partners (100), Institutional Partners II, Institutional Partners IIA, Institutional Partners III, Institutional Partners IV and Fund Management, but as to which they have no pecuniary interest.
- [F2]These shares are held for the account of MHR Capital Partners Master Account LP, an Anguilla, British West Indies limited partnership ("Master Account"). MHR Advisors LLC, a Delaware limited liability company ("Advisors"), is the general partner of Master Account. MHRC LLC, a Delaware limited liability company ("MHRC"), is the managing member of Advisors. Mark H. Rachesky, M.D. ("Dr. Rachesky") is the managing member of MHRC. MHR Fund Management LLC ("Fund Management") has an investment management agreement with Master Account pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Master Account. MHR Holdings LLC, a Delaware limited liability company ("MHR Holdings"), is the managing member of Fund Management. (Continued to footnote 4)
- [F3]Accordingly, Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Master Account. Each of Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F4]These shares are held for the account of MHR Capital Partners (100) LP, a Delaware limited partnership ("Capital Partners (100)"). Advisors is the general partner of Capital Partners (100). MHRC is the managing member of Advisors. Dr. Rachesky is the managing member of MHRC. Fund Management has an investment management agreement with Capital Partners (100) pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Capital Partners (100). MHR Holdings is the managing member of Fund Management. Accordingly, Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Capital Partners (100). Each of Advisors, MHRC, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F5]These shares are held for the account of MHR Institutional Partners II LP, a Delaware limited partnership ("Institutional Partners II"). MHR Institutional Advisors II LLC, a Delaware limited liability company ("Institutional Advisors II"), is the general partner of Institutional Partners II. MHRC II LLC, a Delaware limited liability company ("MHRC II"), is the managing member of Institutional Advisors II. Dr. Rachesky is the managing member of MHRC II. Fund Management has an investment management agreement with Institutional Partners II pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners II. MHR Holdings is the managing member of Fund Management. (Continued to footnote 7)
- [F6]Accordingly, Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners II. Each of Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F7]These shares are held for the account of MHR Institutional Partners IIA LP, a Delaware limited partnership ("Institutional Partners IIA"). Institutional Advisors II is the general partner of Institutional Partners IIA. MHRC II is the managing member of Institutional Advisors II. Dr. Rachesky is the managing member of MHRC II. Fund Management has an investment management agreement with Institutional Partners IIA pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners IIA. MHR Holdings is the managing member of Fund Management. (Continued to footnote 9)
- [F8]Accordingly, Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky may be deemed to beneficially own the shares held for the account of Institutional Partners IIA. Each of Institutional Advisors II, MHRC II, Fund Management, MHR Holdings and Dr. Rachesky disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
- [F9]These shares are held for the account of MHR Institutional Partners III LP, a Delaware limited partnership ("Institutional Partners III"). MHR Institutional Advisors III LLC, a Delaware limited liability company ("Institutional Advisors III"), is the general partner of Institutional Partners III. Dr. Rachesky is the managing member of Institutional Advisors III. Fund Management is an affiliate of, and has an investment management agreement with, Institutional Partners III pursuant to which it has the power to vote or direct the vote and to dispose or to direct the disposition of the shares held for the account of Institutional Partners III. MHR Holdings is the managing member of Fund Management. (Continued to footnote 11)
Signature
/s/ Janet Yeung as attorney in fact|2026-01-29