CEO Gelfond Exercises Options, Sells $24M in IMAX Stock Near 52-Week High
IMAX has more than doubled off its 52-week low of $25.555.
Summary
IMAX CEO Richard Gelfond exercised 356,757 options and sold the shares for $23.98M under a 10b5-1 plan, near the stock's 52-week high.
Key Events · Ownership and Investor Activity · IMAX
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CEO Exercises Options and Sells
Richard Gelfond exercised 356,757 stock options at $31.90 and sold all resulting shares for $23.98 million under a 10b5-1 plan.
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Sale Near 52-Week High
Sales occurred at $51.00 to $53.27, just below the 52-week high of $54.50, capitalizing on strong recent box office performance.
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Pre-Planned Transaction
The 10b5-1 plan was adopted May 19, 2026, reducing the signal of a change in management's outlook.
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Remaining Holdings
After the transactions, Gelfond holds 665,002 common shares, 975,654 options, and 231,562 restricted share units.
Analysis · IMAX · Industrial Applications And Services
Richard Gelfond, IMAX's CEO, exercised 356,757 stock options at $31.90 and immediately sold all resulting shares for $23.98 million under a pre-arranged 10b5-1 plan. The sales occurred at prices between $51.00 and $53.27, just below the 52-week high of $54.50. While the plan was established in May 2026, the execution near the stock's peak reflects a significant insider monetization event. The transaction represents 1.6% of the company's market cap, but because it is a 10b5-1 sale, it is less indicative of a change in management's outlook than a discretionary sale would be.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2960 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, IMAX was trading at $52.74 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $25.56 to $54.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.