GELFOND RICHARD L 4

What Happened
Richard L. Gelfond, CEO of IMAX (IMAX), exercised stock options to convert 8,943 derivative shares into common stock at $31.40 per share (cost basis $280,810) and immediately sold those 8,943 shares in the open market at $37.33 per share, realizing $333,814. The transactions were executed on April 27, 2026 and reported on Form 4.

Key Details

• Transaction date: 2026-04-27 (Form 4 filed 2026-04-28 — timely filing).
• Exercise/conversion: 8,943 shares acquired at $31.40 each — total acquisition value $280,810.
• Sale: 8,943 shares sold at $37.33 each — total proceeds $333,814.
• Footnotes: Exercise and sale were made pursuant to a 10b5-1 plan dated December 9, 2025; sales under that plan are now complete. Options were originally issued in 2016 and expire June 7, 2026. The options vested in 2016 (installments in June, September and December 2016).
• Holdings after the transactions: options outstanding 1,332,411; restricted share units 231,562; common shares 765,002.

Context
This was an option exercise followed by an immediate sale under a prearranged 10b5-1 plan (a cashless-like transaction). Such filings are commonly routine (liquidity or option-exercise driven) and do not, by themselves, indicate management sentiment about the company. The exercised options were from a 2016 grant that is nearing its June 7, 2026 expiration, which can be a practical reason for exercising before expiry.