Director Douglas Kevin sold 568,000 shares (568.0K shares) for $21,481,760.00 in 6 transactions at $37.82, reducing holdings by 48.5%
Douglas Kevin, a Director, executed 6 separate sales totaling 568,000 shares for $21,481,760.00 at $37.82 on 2026-03-16, reducing his holdings from 1,170,310 shares to 602,310 shares (a 48.5% reduction in position). The sales occurred at $37.82 per share, which is below the current price of $39.05 and well below the 52-week high of $42.83. The scale of the liquidation—nearly half his holdings in a single day—combined with IMAX's strong fundamentals (Revenue $106,654,000.00, Net income $20,657,000.00, P/E 43.39, and annual revenue growth of +16.5%) and positive near-term momentum (30-day change +8.2%) represents a material insider transaction warranting attention to the director's capital allocation decisions and underlying board-level perspective on valuation.