Cineverse CEO McGurk acquires 87,669 vested shares
The report lists stock appreciation rights tied to 35,000, 125,000 and 125,000 underlying shares.
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Form Type
4
Rhea-AI Filing Summary
Cineverse Corp. (CNVS) reported that CEO and Chairman Christopher J. McGurk had 87,669 restricted stock units vest on October 8, 2026, corresponding to the acquisition of 87,669 shares of Class A common stock. No Rule 10b5-1 plan is reported. His reported direct holdings after the transaction were 670,188 shares, including 50,000 restricted shares scheduled to vest on April 25, 2027. The report also lists 178,526 shares held indirectly through the Christopher and Jamie McGurk Living Trust, of which McGurk is a trustee.
Insider Trade Summary
87,669 shares exercised/converted
Exercise
8 txns
Insider
MCGURK CHRISTOPHER J
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F8 | 87,669 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F8, F1 | 87,669 | -- | -- |
| holding | Stock Appreciation Right F3 | -- | -- | -- |
| holding | Stock Appreciation Right F4 | -- | -- | -- |
| holding | Stock Appreciation Right F5 | -- | -- | -- |
| holding | Restricted Stock Unit F6 | -- | -- | -- |
| holding | Restricted Stock Unit F7 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 305,337 contracts for 130,000 underlying shares (Direct);
Class A Common Stock — 670,188 shares (Direct);
Stock Appreciation Right — 285,000 contracts (Direct);
Class A Common Stock — 178,526 shares (Indirect, By Christopher and Jamie McGurk Living Trust)
Footnotes (8)
- F1. Includes 50,000 shares of restricted stock that vest on April 25, 2027.
- F2. The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust.
- F3. One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
- F4. 62,500 of the stock appreciation rights vested on November 19, 2020 and 62,500 of the stock appreciation rights vested on March 31, 2023.
- F5. Of the stock appreciation rights, 41,666 vested on April 1, 2023, 41,666 vested on April 1, 2024 and 41,668 vested on April 1, 2025.
- F6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 50,000 vest on April 25, 2027.
- F7. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 40,000 vest on May 1 of each of 2027 and 2028.
- F8. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 87,669 vested on October 8, 2026, 87,669 vest on October 8, 2027 and 87,668 vest on October 8, 2028.
Key Figures
Restricted stock units vested and shares acquired: 87,669 shares
Direct Class A common shares after transaction: 670,188 shares
Indirect Class A common shares: 178,526 shares
+3 more
6 metrics
Restricted stock units vested and shares acquired
87,669 shares
October 8, 2026
Direct Class A common shares after transaction
670,188 shares
Includes 50,000 restricted shares scheduled to vest April 25, 2027
Indirect Class A common shares
178,526 shares
Held through the Christopher and Jamie McGurk Living Trust
Stock appreciation right underlying shares
35,000 shares
Exercise price $29.40; expires June 7, 2028
Stock appreciation right underlying shares
125,000 shares
Exercise price $10.80; expires November 19, 2030
Stock appreciation right underlying shares
125,000 shares
Exercise price $9.60; expires October 17, 2032
Key Terms
Restricted Stock Unit, Stock Appreciation Right, derivative security
3 terms
Restricted Stock Unit financial
"87,669 shares of restricted stock units vested"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Stock Appreciation Right financial
"stock appreciation rights expiring June 7, 2028"
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock appreciation rights did Christopher J. McGurk report?
The report lists three stock appreciation right positions: 35,000 underlying shares at an exercise price of $29.40, expiring June 7, 2028; 125,000 at $10.80, expiring November 19, 2030; and 125,000 at $9.60, expiring October 17, 2032.
AI-generated analysis. How Rhea-AI works. Not financial advice.
