Manwaring Daniel 4

What Happened

• Daniel Manwaring (CEO, IMAX China Holding, Inc.) converted vested restricted share units (RSUs) into common IMAX shares on March 7, 2026. He had conversions of 7,409 and 4,666 RSUs (reported as derivative exercises at $0), and received a grant/award of 5,072 RSUs. To satisfy tax withholding related to the RSU delivery, IMAX withheld 5,435 shares and recorded a disposition of those shares at $40.80 each, totaling $221,748.
• These transactions are conversions/settlements of equity awards (not open-market purchases or voluntary sales); the withholding of shares to pay taxes is a routine administrative disposition.

Key Details

• Transaction date: March 7, 2026.
• Conversions/awards: 7,409 RSUs and 4,666 RSUs converted to common shares (exercise/conversion code M, reported at $0); 5,072 RSUs granted/awarded (code A).
• Tax withholding/disposition: 5,435 shares withheld/disposed at $40.80 each = $221,748 (code F).
• Holdings after transaction: 21,816 remaining RSUs and 11,718 common shares (aggregate balances per filing).
• Footnotes: conversions reflect vested RSUs (each RSU = 1 common share). Footnotes describe multi-year vesting schedules for different RSU tranches and confirm IMAX withheld shares to satisfy tax obligations.
• Filing timeliness: not indicated as late in the filing provided.

Context

• These were RSU conversions and a company share-withholding to cover taxes — a common, administrative outcome when restricted units vest. This is not an open-market sale by the insider for investment purposes, though it is a disposition of shares to satisfy tax liability.