Mark Welton - Dec 1, 2022 Form 4 Insider Report for IMAX CORP (IMAX)

Role: President, IMAX Theatres
Signature: /s/ Kenneth I. Weissman (attorney-in-fact for Mark Welton)
Stock symbol: IMAX
Transactions as of: Dec 1, 2022
Transactions value $: -$125,833
Form type: 4
Date filed: 12/5/2022, 06:32 PM
Previous filing: Mar 9, 2022
Next filing: Mar 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMAX	common shares	Options Exercise	$0	+14K	+24.27%	$0.00	71.7K	Dec 1, 2022	Direct	F1
transaction	IMAX	common shares	Tax liability	-$126K	-7.5K	-10.46%	$16.78	64.2K	Dec 1, 2022	Direct	F2
holding	IMAX	common shares (opening balance)						57.7K	Dec 1, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IMAX	restricted share units	Options Exercise	$0	-14K	-100%	$0.00^*	0	Dec 1, 2022	common shares	14K	$0.00	Direct	F1, F3, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion upon vesting of restricted share units into common shares.
F2	Mr. Welton is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions.
F3	Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
F4	Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
F5	The restricted share units vested and converted to common shares on December 1, 2022.
F6	This represents the number of restricted share units for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 131,835, 95,767 and 64,223, respectively.