President Hoffman Confirms $292K Stock Sale, Correcting Prior Filing Error
STRZ has more than doubled off its 52-week low of $8.4 on elevated volume (2.8× avg).
Summary
An amended Form 4 confirms that Starz Networks President Alison Hoffman sold $292,674 worth of company stock, correcting a previous filing's footnote error that had mischaracterized the transactions as purchases.
Key Events · Ownership and Investor Activity · STRZ
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Insider Sale Confirmed
President Alison Hoffman sold 13,661 shares for $292,674 on May 14, 2026, at prices between $21.27 and $23.14.
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Correction of Prior Filing
This Form 4/A explicitly corrects a typographical error in the original May 14, 2026 filing, which had incorrectly described these transactions as purchases in the footnotes.
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Option Exercise and Grant
Hoffman also exercised options for 13,661 shares at $8.39 and received a grant of 17,821 RSUs.
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Sales Near 52-Week High
The open market sales occurred while the stock was trading near its 52-week high of $23.99.
Analysis · STRZ · Trade & Services
This amended Form 4 clarifies that Starz Networks President Alison Hoffman's open market transactions on May 14, 2026, were sales totaling $292,674, not purchases as a previous footnote in the original filing had incorrectly stated. This correction is significant as it confirms a net sell signal from a key executive, occurring near the company's 52-week high and following recent reports of wider net losses and declining revenue for Q1 2026.
At the time of this filing, STRZ was trading at $24.30 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $388.2M. The 52-week trading range was $8.40 to $23.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.