GELFOND RICHARD L 4

What Happened
Richard L. Gelfond, CEO of IMAX Corp (IMAX), exercised stock options to acquire 121,220 common shares at $31.40 per share (total exercise cost $3,806,308) on March 10, 2026, and sold those 121,220 shares in the open market the same day at $40.10 per share for gross proceeds of $4,860,837. The transactions produced gross proceeds roughly $1,054,529 above the exercise cost (before taxes and fees). The Form 4 shows both the option-to-share conversion and the subsequent sale.

Key Details

• Transaction date: 2026-03-10. Form filed: 2026-03-12 (timely filing).
• Exercise (conversion of derivative): 121,220 shares acquired at $31.40 each — total cost $3,806,308.
• Open-market sale: 121,220 shares sold at $40.10 each — gross proceeds $4,860,837.
• Post-transaction holdings (per footnote): options outstanding 1,697,475; restricted share units 231,562; common shares 765,002.
• Footnotes: F1 states conversion occurred pursuant to a 10b5-1 plan (footnote lists plan date as December 9, 2026); F2–F3 note these were options issued in 2016 with vesting installments and an expiration date of June 7, 2026; F4 gives remaining balances after the transactions.
• Transaction codes: conversion is shown as derivative conversion (C); sale is an open-market disposition (S).

Context

• This was an exercise of previously granted options followed by an immediate sale of the resulting shares — effectively a cashless exercise/sale of newly acquired shares.
• Such transactions are often routine for executives exercising and selling vested options; they are factual disclosures of trading activity and not a direct statement of future company prospects.