Warner Bros. Discovery, Inc.'s Form 4 filing
Starz Entertainment CorpSTRZ · filed Jun 4, 2025
- Accession no.
- 0000950170-25-081744
- Filed
- Jun 4, 2025, 5:10 PM ET
- Trade date
- Jun 2, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. Open-market sales total $5.00M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Warner Bros. Discovery, Inc.CIK 0001437107 | Other: See Remarks |
| Discovery Lightning Investments LTDCIK 0001658101 | Other: See Remarks |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 2, 2025 | Common Shares | SSaleDisposed | −353,334 | $14.15F1 | −$4,999,994.1 | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On June 2, 2025, Discovery Lightning Investments Ltd. ("DLI") entered into an agreement with MHR Capital Partners Master Account LP and MHR Capital Partners (100) LP (together, the "MHR Entities"), pursuant to which the MHR Entities agreed to purchase 353,334 common shares, no par value ("Common Shares"), of Starz Entertainment Corp. (the "Issuer") from DLI in a private transaction for aggregate cash consideration of $5,000,000. Following the consummation of such transaction on June 3, 2025, DLI ceased to own any Common Shares.
Referenced by the price of 1 transaction in Table I.
Remarks
Prior to the consummation of the transaction described in this filing, as a result of certain agreements among the Reporting Persons, the Issuer and certain other shareholders of the Issuer, the Reporting Persons may have been deemed members of a "group", within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended (the "Act"), with such other shareholders, that beneficially owned more than 10% of the Common Shares of the Issuer. These agreements are described in, and filed as exhibits to, the Issuer's Current Report on Form 8-K filed with the Securities Exchange Commission on May 7, 2025. This filing is being made as a precautionary matter and shall not be deemed an admission that any of the Reporting Persons was a member of a group or subject to the reporting requirements of Section 16 of the Act. Following the consummation of the transaction described in this filing, the Reporting Persons beneficially own no Common Shares.