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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0001132859 XXXXXXXX LIVE 10 Common Shares, no par value 12/31/2025 false 0000921582 45245E109 IMAX Corporation 2525 Speakman Drive Mississauga, Ontario Z4 L5K 1B1 Ryan J. York (425) 786-9256 Accretive Legal, PLLC 34522 N Scottsdale Rd., STE 120-113 Scottsdale AZ 85266 0001132859 N Kevin Douglas b PF N X1 0 7521428 0 8885073 8885073 N 16.5 IN Y Michelle Douglas b PF N X1 0 6509439 0 6509439 6509439 N 12.1 IN Y James E. Douglas, III b PF N X1 1363645 0 0 1363645 1363645 N 2.5 IN Y K&M Douglas Trust b PF N CA 0 3862346 0 3862346 3862346 N 7.2 OO Y Irrevocable Descendant's Trust FBO Alexander James Douglas b PF N CA 646111 0 646111 0 646111 N 1.2 OO Y Irrevocable Descendant's Trust FBO Amanda Anne Douglas b PF N CA 646110 0 646110 0 646110 N 1.2 OO Y Irrevocable Descendant's Trust FBO Jake Edward Douglas b PF N CA 646110 0 646110 0 646110 N 1.2 OO Y Irrevocable Descendant's Trust FBO Summer Jean Douglas b PF N CA 646110 0 646110 0 646110 N 1.2 OO Y Nonexempt Trust FBO Kevin G. Douglas b PF N CA 440000 0 440000 0 440000 N 0.8 OO Y Nonexempt Trust FBO James E. Douglas, III b PF N CA 440000 0 0 440000 440000 N 0.8 OO Y Celtic Financial LLC b PF N DE 0 571989 0 571989 571989 N 1.1 OO Common Shares, no par value IMAX Corporation 2525 Speakman Drive Mississauga, Ontario Z4 L5K 1B1 This Amendment No. 10 ("Amendment") amends and supplements the Schedule 13D filed with the SEC on October 20, 2016, as previously amended by the Schedule 13D/A filed with the SEC on January 27, 2017, the Schedule 13D/A filed with the SEC on January 12, 2018, the Schedule 13D/A filed with the SEC on February 5, 2019, the Schedule 13D/A filed with the SEC on January 27, 2020, the Schedule 13D/A filed with the SEC on January 25, 2021, the Schedule 13D/A filed with the SEC on January 27, 2022, the Schedule 13D/A filed with the SEC on January 31, 2023, the Schedule 13D/A filed with the SEC on January 25, 2024, and the Schedule 13D/A filed with the SEC on June 17, 2024 (the "Schedule 13D"). Except as set forth in this Amendment, the Schedule 13D remains unchanged. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meaning as set forth in the Schedule 13D. The following items of the Schedule 13D are hereby amended as follows: Kevin Douglas, Michelle Douglas, James E. Douglas, III, K&M Douglas Trust, Irrevocable Descendant's Trust FBO Alexander James Douglas, Irrevocable Descendant's Trust FBO Amanda Anne Douglas, Irrevocable Descendant's Trust FBO Jake Edward Douglas, Irrevocable Descendant's Trust FBO Summer Jean Douglas, Nonexempt Trust FBO Kevin G. Douglas, Nonexempt Trust FBO James E. Douglas, III, and Celtic Financial LLC (collectively, the "Filers"). 300A Drakes Landing Road, Suite 200, Greenbrae, CA 94904. Kevin Douglas is an active securities and commodities investor, the Manager of Celtic Financial LLC, and is employed by Douglas Telecommunications, Inc., which has the same business address as the Filers. Michelle Douglas participates in nonprofit fund raising and in assisting Kevin Douglas in his investment activities. James E. Douglas, III is a retired high school teacher and has the same business address as the Filers. During the last five years, none of the Filers was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. U.S.A. The perecentage of outstanding Common Shares of the Issuer which may be deemed to be beneficially owned by each of the Filers is set forth on Line 13 of such Filer's cover sheet. Such percentage was calculated based on 53,798,934 shares of the Issuer's Common Shares outstanding as of September 30, 2025, as reported on the Issuer's 10-Q, filed with the U.S. Securities and Exchange Commission on October 23, 2025. Item 5(b) of the Schedule 13D is amended and supplemented as follows: Kevin Douglas and his wife, Michelle Douglas, hold 3,862,346 shares jointly as the beneficiaries and co-trustees of the K&M Douglas Trust. In addition, Kevin Douglas and Michelle Douglas are co-trustees of the Irrevocable Descendant's Trust FBO Alexander James Douglas which holds 646,111 shares, the Irrevocable Descendant's Trust FBO Amanda Anne Douglas which holds 646,110 shares, the Irrevocable Descendant's Trust FBO Jake Edward Douglas which holds 646,110 shares, and the Irrevocable Descendant's Trust FBO Summer Jean Douglas which holds 646,110 shares. Kevin Douglas holds 440,000 shares as the trustee and beneficiary of the Nonexempt Trust FBO Kevin G. Douglas. Kevin Douglas is the Manager of Celtic Financial LLC, which holds 571,989 shares, and has voting and dispositive power with respect to the shares held by Celtic Financial LLC. Kevin Douglas, as the settlor of the KGD intentionally defective grantor trust (the "KGD IDGT"), has the right to substitute property of equivalent value in return for the 62,652 shares held by the KGD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the KGD IDGT. Kevin Douglas shares dispositive power with respect to 440,000 shares held by the Nonexempt Trust FBO James E. Douglas, III, and 923,645 shares held by James E. Douglas, III. Michelle Douglas, as the settlor of the MMD intentionally defective grantor trust (the "MMD IDGT"), has the right to substitute property of equivalent value in return for the 62,652 shares held by the MMD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the MMD IDGT. James E. Douglas, III holds 440,000 shares as the trustee and beneficiary of the Nonexempt Trust FBO James E. Douglas, III. There were no transactions effected by the Filers in the Common Shares within the past sixty (60) days. Not applicable. Not applicable. Kevin Douglas /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas 01/23/2026 Michelle Douglas /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Michelle Douglas 01/23/2026 James E. Douglas, III /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for James E. Douglas, III 01/23/2026 K&M Douglas Trust /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas, Trustee 01/23/2026 Irrevocable Descendant's Trust FBO Alexander James Douglas /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas, Trustee 01/23/2026 Irrevocable Descendant's Trust FBO Amanda Anne Douglas /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas, Trustee 01/23/2026 Irrevocable Descendant's Trust FBO Jake Edward Douglas /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas, Trustee 01/23/2026 Irrevocable Descendant's Trust FBO Summer Jean Douglas /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas, Trustee 01/23/2026 Nonexempt Trust FBO Kevin G. Douglas /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas, Trustee 01/23/2026 Nonexempt Trust FBO James E. Douglas, III /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for James E. Douglas, III, Trustee 01/23/2026 Celtic Financial LLC /s/ Eileen Wheatman Eileen Wheatman as attorney-in-fact for Kevin Douglas, Manager 01/23/2026 This Amendment was executed by Eileen Wheatman on behalf of the individuals listed above pursuant to a Limited Power of Attorney, a copy of which was previously filed with the SEC as an exhibit to the Schedule 13D/A filed with the U.S. Securities and Exchange Commission on June 17, 2024.