STRZ: Mark H. Rachesky (10% Owner) Receives RSU Award

What Happened

• Mark H. Rachesky (reported as a 10% owner) was granted 1,946 restricted share units (RSUs) in STARZ Entertainment Corp. (STRZ) on July 28, 2026. The grant is reported at $0.00 per share (total reported value $0) and is coded as an Award/Grant (transaction code A). According to the filing, these RSUs are scheduled to vest in one annual installment on May 15, 2027.

Key Details

• Transaction date: 2026-07-28; Filing date: 2026-07-30 (filed within two days — timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,946 RSUs; reported price per share: $0.00; reported total value: $0.
• Vesting: RSUs vest in one installment on May 15, 2027 (footnote F1 — annual director compensation awards).
• Shares owned after transaction: not specified in the information provided on this Form 4.
• Notable footnotes: filing notes these are restricted share units payable in common shares on vesting (F1). Other footnotes disclose complex holdings through MHR funds/partnerships and state that various MHR entities and Dr. Rachesky may be deemed to beneficially own shares held for those accounts, while disclaiming beneficial ownership except to the extent of pecuniary interest (F2–F13). A voting/standstill agreement is also referenced (F13).

Context

• RSU grants are compensation, not market purchases — they represent a future right to receive common shares if vesting conditions are met. They do not signal an immediate cash investment or sale.
• For retail investors, note this is routine compensation (the filing labels it an annual director compensation award). The disclosure also shows Dr. Rachesky’s holdings are tied up in multiple MHR-managed funds with standard beneficial-ownership disclaimers, which is common for large investors who manage holdings via partnerships and management entities.