Cineverse CPO exercises RSUs, shares withheld for tax

Cineverse Corp. Chief People Officer Mark Torres reported equity compensation activity involving Class A common stock and related awards.

Rhea-AI Filing Summary

Cineverse Corp. Chief People Officer Mark Torres reported equity compensation activity involving Class A common stock and related awards. On April 25, 2026, he exercised 33,333 restricted stock units into Class A common stock at an exercise price of $0.00 per share. In a separate transaction the same day, 37,049 shares of Class A common stock were disposed of at $2.39 per share as a tax-withholding disposition, meaning the shares were withheld to satisfy tax liabilities rather than sold on the open market. Following these transactions, Torres directly owned 179,558 shares of Class A common stock. He also continued to hold derivative awards, including restricted stock units tied to 66,763 and 76,820 underlying Class A shares, and stock appreciation rights for 12,500 shares at an exercise price of $5.80 expiring on May 16, 2033, and 8,334 shares at $39.40 expiring on February 17, 2031.

Insider Trade Summary

33,333 shares exercised/converted

Exercise 7 txns

Insider Torres Mark

Role Chief People Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	33,333	$0.00	$0.00
Exercise	Class A Common Stock	33,333	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	37,049	$2.39	$89K
holding	Stock Appreciation Right (Right to buy)	--	--	--
holding	Stock Appreciation Right (Right to buy)	--	--	--
holding	Restricted Stock Unit	--	--	--
holding	Restricted Stock Unit	--	--	--

Holdings After Transaction: Restricted Stock Unit — 176,916 contracts for 143,583 underlying shares (Direct); Class A Common Stock — 179,558 shares (Direct); Stock Appreciation Right (Right to buy) — 20,834 contracts (Direct)

Footnotes (6)

1. F1. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 33,333 vested on April 25, 2026 and 33,334 vest on April 25, 2027.
2. F2. Includes 33,333 shares of restricted stock that vested on April 25, 2026 and 33,334 shares of restricted stock that vest on April 25, 2027.
3. F3. Of such stock appreciation rights, 2,778 vested on February 17 of each of 2022, 2023 and 2024.
4. F4. Of such stock appreciation rights, 4,167 vest on May 16 of each of 2024, 2025 and 2026.
5. F5. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vest on May 1 of each of 2026 and 2027 and 25,606 vest on May 1, 2028.
6. F6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 22,254 vest on October 8 of each of 2026 and 2027 and 22,255 vest on October 8, 2028.

Key Figures

RSUs exercised: 33,333 shares Tax-withholding shares: 37,049 shares at $2.39 Direct holdings after transactions: 216,607 shares +4 more

7 metrics

RSUs exercised 33,333 shares Restricted stock units converted to Class A common stock on April 25, 2026

Tax-withholding shares 37,049 shares at $2.39 Shares disposed to cover tax liability on April 25, 2026

Direct holdings after transactions 216,607 shares Class A common stock directly owned by Mark Torres following reported activity

RSU derivative position 1 66,763 underlying shares Restricted stock units with value equal to Class A common stock

RSU derivative position 2 76,820 underlying shares Additional restricted stock units referencing Class A common stock

Stock appreciation right 1 12,500 shares at $5.80 Stock appreciation right expiring May 16, 2033

Stock appreciation right 2 8,334 shares at $39.40 Stock appreciation right expiring February 17, 2031

Key Terms

Restricted Stock Unit, Stock Appreciation Right, tax-withholding disposition, derivative security, +1 more

5 terms

Restricted Stock Unit financial

"Each restricted stock unit has a value equal to one share of Class A common stock."

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 Right (Right to buy) with an exercise price of 5.8000."

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.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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.

Class A Common Stock financial

"Each restricted stock unit has a value equal to one share of Class A common stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Cineverse (CNVS) Chief People Officer Mark Torres report?

Mark Torres reported exercising 33,333 restricted stock units into Class A common stock and a related tax-withholding disposition of 37,049 shares at $2.39 per share. These events reflect equity compensation activity rather than open-market buying or selling.

How many Cineverse (CNVS) shares does Mark Torres hold after these transactions?

After the reported transactions, Mark Torres directly held 216,607 shares of Cineverse Class A common stock. This figure comes from the Form 4 totals and represents his direct ownership position following the exercise of restricted stock units and the related tax-withholding share disposition.

Were any Cineverse (CNVS) shares sold on the open market in this Form 4?

The Form 4 shows a tax-withholding disposition of 37,049 shares at $2.39 per share, coded as F. This indicates shares were withheld to cover tax obligations, not sold in an open-market transaction initiated by the insider.

What restricted stock unit activity did Cineverse (CNVS) disclose for Mark Torres?

Torres exercised 33,333 restricted stock units into Class A common stock at an exercise price of $0.00 per share. He also retained additional RSU awards linked to 66,763 and 76,820 underlying Class A shares, which vest over specified future dates.

What stock appreciation rights does Mark Torres hold at Cineverse (CNVS)?

Torres holds stock appreciation rights over 12,500 Class A shares at an exercise price of $5.80 expiring on May 16, 2033, and 8,334 shares at $39.40 expiring on February 17, 2031, providing potential future equity-based compensation.

How many shares were used for tax withholding in the Cineverse (CNVS) Form 4?

The filing reports a tax-withholding disposition of 37,049 shares of Class A common stock at a price of $2.39 per share. These shares were delivered to satisfy tax liabilities arising from the equity award transaction, rather than being sold in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 09:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Torres Mark

(Last) (First) (Middle)

C/O CINEVERSE CORP

224 W. 35TH STREET, SUITE 500, #947

(Street)

NEW YORK NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cineverse Corp. [ CNVS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/25/2026		M		33,333	A	(1)	216,607(2)	D
Class A Common Stock	04/25/2026		F		37,049	D	$2.39	179,558(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right (Right to buy)	$39.4							(3)	02/17/2031	Class A Common Stock	8,334		8,334	D
Stock Appreciation Right (Right to buy)	$5.8							(4)	05/16/2033	Class A Common Stock	12,500		12,500	D
Restricted Stock Unit	(1)	04/25/2026		M			33,333	(1)	(1)	Class A Common Stock	33,333	$0	33,333	D
Restricted Stock Unit	(5)							(5)	(5)	Class A Common Stock	76,820		76,820	D
Restricted Stock Unit	(6)							(6)	(6)	Class A Common Stock	66,763		66,763	D

Explanation of Responses:

1. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 33,333 vested on April 25, 2026 and 33,334 vest on April 25, 2027.

2. Includes 33,333 shares of restricted stock that vested on April 25, 2026 and 33,334 shares of restricted stock that vest on April 25, 2027.

3. Of such stock appreciation rights, 2,778 vested on February 17 of each of 2022, 2023 and 2024.

4. Of such stock appreciation rights, 4,167 vest on May 16 of each of 2024, 2025 and 2026.

5. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vest on May 1 of each of 2026 and 2027 and 25,606 vest on May 1, 2028.

6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 22,254 vest on October 8 of each of 2026 and 2027 and 22,255 vest on October 8, 2028.

	/s/ Mark Torres	04/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)