RACHESKY MARK H MD 4

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.