DOUGLAS KEVIN 4

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.