Lionsgate (LION) GC Tobey Bruce Withholds 11,637 Shares for Taxes

What Happened
Tobey Bruce, General Counsel of Lionsgate Studios Corp. (LION), had 11,637 common shares withheld/cancelled on April 9, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The shares were valued at $10.45 each, totaling approximately $121,607. This was a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date and price: April 9, 2026 at $10.45 per share.
• Shares affected: 11,637 shares withheld/cancelled; total value ≈ $121,607.
• Reason: Withheld to satisfy tax obligations upon vesting of 22,872 RSUs (automatic share cancellation per company plan/policy).
• Additional RSU schedule reported (will convert to shares on vesting):
  • 19,690 RSUs vesting July 3, 2026
  • 45,707 RSUs vesting in two equal installments on July 1, 2026 and 2027
  • 45,742 RSUs vesting in two equal installments on April 9, 2027 and 2028
  • 87,780 RSUs vesting in three equal installments on July 1, 2026, 2027 and 2028
• Shares owned after the transaction: not specified in the filing excerpt provided.
• Filing: Form 4 filed April 10, 2026 for a April 9, 2026 transaction — appears timely. Transaction reported as code F (tax withholding).

Context
This was an automatic tax-withholding action tied to RSU vesting (similar in effect to a cashless withholding), not an intentional market sale. Such withholdings are routine and do not by themselves indicate insider buying or selling sentiment.