Sapan Joshua W 4

What Happened

• Joshua W. Sapan, a director of Starz Entertainment Corp (STRZ), received a grant of 6,488 restricted share units (RSUs) on May 15, 2026. The award was reported on a Form 4 filed May 19, 2026. The RSUs were reported at $0.00 per unit for a recorded total of $0 — this reflects an equity award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Filing date: 2026-05-19 (timely under Form 4 rules).
• Transaction type/code: Award/Grant (A).
• Amount: 6,488 restricted share units; reported price $0.00.
• Vesting/payment: RSUs payable in common shares upon vesting on May 15, 2027 (footnote).
• Shares owned after transaction: Not specified in the Form 4 filing.
• No 10b5-1 plan, tax‑withholding sale, or late‑filing indication noted in the filing.

Context

• RSUs are a deferred equity award: no actual shares are issued until the units vest (here, May 15, 2027). Because this is a grant (not a purchase or sale), it is generally a compensation event rather than a market‑sentiment signal.
• Retail investors should treat grants as routine director/executive compensation unless accompanied by large purchases or sales that indicate different behavior.