Dan McDermott - 08 Mar 2024 Form 4 Insider Report for AMC Networks Inc. (AMCX)

Role: President - Ent. & AMC Studios
Signature: Anne G. Kelly, attorney-in-fact for Dan McDermott
Issuer symbol: AMCX
Transactions as of: 08 Mar 2024
Net transactions value: -$64,464
Form type: 4
Filing time: 12 Mar 2024, 16:20:57 UTC
Previous filing: 22 Jun 2023
Next filing: 14 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Options Exercise		+1,779	+16%		12,987	08 Mar 2024	Direct	F1
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Tax liability	$7,288	-615	-4.7%	$11.85	12,372	08 Mar 2024	Direct	F2
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Options Exercise		+4,077	+33%		16,449	08 Mar 2024	Direct	F3
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Tax liability	$16,697	-1,409	-8.6%	$11.85	15,040	08 Mar 2024	Direct	F4
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Options Exercise		+9,879	+66%		24,919	08 Mar 2024	Direct	F5
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Tax liability	$40,480	-3,416	-14%	$11.85	21,503	08 Mar 2024	Direct	F6

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	AMCX	Restricted Stock Units	Options Exercise		-1,779	-100%		0	08 Mar 2024	AMC Networks Inc. Class A Common Stock	1,779		Direct	F1
transaction	AMCX	Restricted Stock Units	Options Exercise		-4,077	-50%		4,077	08 Mar 2024	AMC Networks Inc. Class A Common Stock	4,077		Direct	F3
transaction	AMCX	Restricted Stock Units	Options Exercise		-9,879	-33%		19,760	08 Mar 2024	AMC Networks Inc. Class A Common Stock	9,879		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") was granted on March 12, 2021 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2022 and one-third of the RSUs vested and were settled on March 9, 2023. The remaining one-third of the RSUs vested and were settled on March 8, 2024.
F2	Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
F3	Each RSU was granted on March 10, 2022 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2023 and one-third of the RSUs vested and were settled on March 8, 2024. The remaining RSUs vest on March 9, 2025.
F4	Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above, exempt under Rule 16b-3.
F5	Each RSU was granted on April 13, 2023 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 8, 2024. The remaining RSUs will vest as follows: one-third on March 9, 2025 and one-third on March 9, 2026.
F6	Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 5 above, exempt under Rule 16b-3.