Dolci Giovanni M. 4

What Happened

• Giovanni M. Dolci, Chief Commercial Officer & EVP of IMAX (IMAX), reported multiple conversions/awards on March 7, 2026. The filing shows conversions/exercises of derivative awards (listed as M) of 2,682, 4,445 and 3,333 shares and awards/grants (A) of 4,690, 6,763 and 4,057 units. To satisfy tax withholding obligations (F), IMAX withheld 4,918 and 2,205 shares (total 7,123 shares) at $40.80 each, totaling approximately $290,618. After these transactions Mr. Dolci’s aggregate balances are 21,934 restricted share units and 41,027 common shares.

Key Details

• Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
• Withholding price: $40.80 per share; withheld shares = 4,918 (≈$200,654) and 2,205 (≈$89,964); total ≈$290,618.
• Shares reported converted/exercised: 2,682 / 4,445 / 3,333 (M entries) and awards of 4,690 / 6,763 / 4,057 (A entries) as shown in the filing.
• Holdings after transaction: 21,934 restricted share units; 41,027 common shares (per footnote F12).
• Notable footnotes: conversions include vested restricted share units and performance stock units (F1, F3). Several RSU/PSU awards have scheduled future vesting installments (see F7–F11). Withholding by IMAX satisfied tax obligations (F2, F4).
• Transaction codes: M = option/derivative conversion, A = award/grant, F = tax withholding. No late-filing flag was indicated in the filing itself.

Context

• This was effectively a cashless settlement of vested equity (shares issued on conversion/vesting with a portion withheld to pay taxes). Performance stock units converted were tied to prior performance periods (footnote F3 describes EBITDA-based PSU vesting). These types of internal conversions/withholdings are common and generally administrative rather than open-market sales or purchases.