DOUGLAS KEVIN 4
4 · IMAX CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
IMAX Kevin Douglas (10% Owner) Sells 568,000 Shares
What Happened
Kevin Douglas, a reported 10% owner of IMAX (IMAX), sold a total of 568,000 shares in open-market transactions on March 16, 2026. The sales were executed at $37.82 per share for an aggregate proceeds of approximately $21,481,760. The filing notes these sales represent roughly 6.5% of his overall IMAX holdings and that his last sale of IMAX shares was in 2015.
Key Details
- Transaction date and price: March 16, 2026 — all lots at $37.82/share.
- Shares sold: 568,000 shares total (six reported sale entries: 330,200; 62,600; and four lots of 43,800).
- Gross proceeds: ~$21.48 million.
- Shares owned after transaction: not explicitly stated in the Form 4; the filing notes the sales equal ~6.5% of his total holdings.
- Notable footnotes: holdings include shares held directly and jointly with his wife Michelle Douglas and various trusts/entities (see F1, F3–F11). The filing also notes potential group reporting (F2).
- Filing timeliness: the Form 4 does not indicate a late filing designation.
Context
These were open-market sales (code S), which are typically routine liquidity transactions for large shareholders rather than an operational signal from management. As a 10% owner rather than a company officer, Kevin Douglas is a significant investor; the footnotes show ownership across personal accounts, trusts, and related entities. The filing is factual and does not state any reason for the sales.
Insider Transaction Report
Form 4
IMAX CORPIMAX
DOUGLAS KEVIN
Director10% OwnerOther
Transactions
- Sale
Common Stock
[F12][F1][F2][F3][F4]2026-03-16$37.82/sh−330,200$12,488,164→ 3,657,450 total - Sale
Common Stock
[F12][F2][F10]2026-03-16$37.82/sh−62,600$2,367,532→ 1,301,045 total(indirect: By James E. Douglas, III) - Sale
Common Stock
[F12][F2][F6]2026-03-16$37.82/sh−43,800$1,656,516→ 602,311 total(indirect: By Trust) - Sale
Common Stock
[F12][F2][F7]2026-03-16$37.82/sh−43,800$1,656,516→ 602,310 total(indirect: By Trust) - Sale
Common Stock
[F12][F2][F8]2026-03-16$37.82/sh−43,800$1,656,516→ 602,310 total(indirect: By Trust) - Sale
Common Stock
[F12][F2][F9]2026-03-16$37.82/sh−43,800$1,656,516→ 602,310 total(indirect: By Trust)
Holdings
- 440,000(indirect: By Trust)
Common Stock
[F2][F5] - 571,989(indirect: By LLC)
Common Stock
[F2][F11]
Footnotes (12)
- [F1]These securities are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas.
- [F10]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
- [F11]These securities are held directly by Celtic Financial, LLC and indirectly by Kevin Douglas.
- [F12]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.