Richard L. Gelfond - 02 Jan 2025 Form 4 Insider Report for IMAX CORP (IMAX)

Role: Chief Executive Officer, Director
Signature: /s/ Richard L. Gelfond
Issuer symbol: IMAX
Transactions as of: 02 Jan 2025
Net transactions value: -$2,440,993
Form type: 4
Filing time: 06 Jan 2025, 17:01:25 UTC
Previous filing: 30 Aug 2024
Next filing: 11 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMAX	common shares	Options Exercise	$0	+51,383	+9.8%	$0.000000	576,992	02 Jan 2025	Direct	F1
transaction	IMAX	common shares	Tax liability	$713,501	-28,415	-4.9%	$25.11	548,577	02 Jan 2025	Direct	F2
transaction	IMAX	common shares	Options Exercise	$0	+62,528	+11%	$0.000000	611,105	02 Jan 2025	Direct	F1
transaction	IMAX	common shares	Tax liability	$877,770	-34,957	-5.7%	$25.11	576,148	02 Jan 2025	Direct	F2
transaction	IMAX	common shares	Options Exercise	$0	+61,192	+11%	$0.000000	637,340	02 Jan 2025	Direct	F1
transaction	IMAX	common shares	Tax liability	$849,722	-33,840	-5.3%	$25.11	603,500	02 Jan 2025	Direct	F2
holding	IMAX	common shares (opening balance)						525,609	02 Jan 2025	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	-51,383	-100%	$0.000000	0	02 Jan 2025	common shares	51,383	$0.000000	Direct	F1, F3, F4, F5, F6
transaction	IMAX	restricted share units	Options Exercise	$0	-62,528	-50%	$0.000000	62,529	02 Jan 2025	common shares	62,528	$0.000000	Direct	F1, F3, F4, F5, F6
transaction	IMAX	restricted share units	Options Exercise	$0	-61,192	-33%	$0.000000	123,386	02 Jan 2025	common shares	61,192	$0.000000	Direct	F3, F4, F5, F6
transaction	IMAX	restricted share units	Award	$0	-109,518	-50%	$0.000000	109,518	02 Jan 2025	common shares	109,518	$0.000000	Direct	F3, F4, F6, F7

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

Explanation of Responses:

Id	Content
F1	Represents the conversion of vested restricted share units into common shares.
F2	Mr. Gelfond is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligation in connection with the delivery of common shares upon conversion of the restricted share unit transaction.
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 January 2, 2025.
F6	This represents the number of restricted share units for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 1,818,695; 294,433 and 603,500 respectively. The number of outstanding options reflects the expiration of options to purchase 467,625 common shares on January 5, 2025. Mr. Gelfond did not receive any value in connection with such expiration; therefore, such expiration is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under Rule 16b-6(d).
F7	The restricted share units vest and will be converted to common shares in three installments: 36,506 on each of January 2, 2026, January 2, 2027 and January 2, 2028.