Cineverse Corp. (CNVS) executive exercises RSUs and has shares withheld for taxes

Rhea-AI Filing Summary

Cineverse Corp. executive Mark Antonio Huidor, President of Technology and Chief Product Officer, reported compensation-related equity activity in Class A common stock. On May 1, 2026, he exercised derivative securities to acquire 25,607 shares of common stock at an exercise price of $0.00 per share. On the same date, 13,461 shares of common stock were disposed of at $2.62 per share as a tax-withholding disposition, meaning shares were withheld to satisfy tax obligations rather than sold in the open market. After these transactions, he directly held 211,631 shares of Class A common stock. He also retained unexercised equity awards, including restricted stock units tied to 121,792 and 41,668 underlying shares, plus 50,000 stock appreciation rights exercisable at $5.80 per share expiring on May 16, 2033, with future vesting schedules extending through 2028.

Insider Trade Summary

25,607 shares exercised/converted

Mixed 6 txns

Insider Huidor Mark Antonio

Role Pres Tech/Chief Product Off

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	25,607	$0.00	--
Exercise	Class A Common Stock	25,607	$0.00	--
Tax Withholding	Class A Common Stock	13,461	$2.62	$35K
holding	Stock Appreciation Right (Right to Buy)	--	--	--
holding	Restricted Stock Unit	--	--	--
holding	Restricted Stock Unit	--	--	--

Holdings After Transaction: Restricted Stock Unit — 51,213 shares (Direct, null); Class A Common Stock — 211,631 shares (Direct, null); Stock Appreciation Right (Right to Buy) — 50,000 shares (Direct, null)

Footnotes (1)

1. Includes 41,668 shares of restricted stock that vest on April 25, 2027. Of such stock appreciation rights, 16,666 vested on May 16, 2024, 16,666 vested on May 1, 2025 and 16,668 vested on May 1, 2026. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 41,668 vest on April 25, 2027. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vested on May 1, 2026, 25,607 vest on May 1, 2027 and 25,606 vest on May 1, 2028. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 40,597 vest on October 8 of each of 2026 and 2027 and 40,598 vest on October 8, 2028.

Key Figures

RSU exercise shares: 25,607 shares Tax-withholding shares: 13,461 shares Exercise price: $0.00 per share +4 more

7 metrics

RSU exercise shares 25,607 shares Class A common stock acquired via derivative exercise on May 1, 2026

Tax-withholding shares 13,461 shares Class A common stock disposed at $2.62 per share for tax withholding

Exercise price $0.00 per share Exercise or conversion price for 25,607 common shares

Shares held after 211,631 shares Total Class A common stock directly held following transactions

RSU underlying shares 121,792 shares Restricted Stock Units tied to Class A common stock, direct ownership

Additional RSU underlying 41,668 shares Restricted stock that vests on April 25, 2027

Stock appreciation rights 50,000 shares at $5.80 Underlying Class A shares, exercise price $5.80, expire May 16, 2033

Key Terms

Restricted Stock Unit, Stock Appreciation Right (Right to Buy), tax-withholding disposition, derivative security, +1 more

5 terms

Restricted Stock Unit financial

"Security title listed as "Restricted Stock Unit" with 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 (Right to Buy) financial

"Security titled "Stock Appreciation Right (Right to Buy)" with a $5.80 exercise price expiring May 16, 2033."

tax-withholding disposition financial

"Transaction code F described as a "tax-withholding disposition" at $2.62 per share."

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

"Transaction code M is described as "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.

underlying security shares financial

"Each derivative entry lists "underlying security shares" in Class A common stock."

Form 4 Insider Transactions: What Each Field Means →

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^*

Huidor Mark Antonio

(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)
	Pres Tech/Chief Product Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		M		25,607	A	(4)	211,631(1)	D
Class A Common Stock	05/01/2026		F		13,461	D	$2.62	198,170(1)	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)	$5.8							(2)	05/16/2033	Class A Common Stock	50,000		50,000	D
Restricted Stock Unit	(3)							(3)	(3)	Class A Common Stock	41,668		41,668	D
Restricted Stock Unit	(4)	05/01/2026		M			25,607	(4)	(4)	Class A Common Stock	25,607	$0	51,213	D
Restricted Stock Unit	(5)							(5)	(5)	Class A Common Stock	121,792		121,792	D

Explanation of Responses:

1. Includes 41,668 shares of restricted stock that vest on April 25, 2027.

2. Of such stock appreciation rights, 16,666 vested on May 16, 2024, 16,666 vested on May 1, 2025 and 16,668 vested on May 1, 2026.

3. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 41,668 vest on April 25, 2027.

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

5. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 40,597 vest on October 8 of each of 2026 and 2027 and 40,598 vest on October 8, 2028.

	/s/ Antonio Huidor	05/05/2026
	** 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)

FAQ

What insider transactions did Cineverse Corp. (CNVS) report for Mark Antonio Huidor?

Cineverse Corp. reported that executive Mark Antonio Huidor exercised derivative securities to acquire 25,607 Class A common shares and had 13,461 shares withheld as a tax payment on May 1, 2026. These movements reflect compensation-related equity activity, not open-market buying or selling.

Did the Cineverse (CNVS) executive sell shares in the open market?

The filing shows no open-market sale by the Cineverse executive. Instead, 13,461 shares of Class A common stock were disposed of as a tax-withholding transaction at $2.62 per share, meaning shares were withheld to cover taxes on equity compensation, not actively sold on the market.

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

After the reported transactions, Mark Antonio Huidor directly holds 211,631 shares of Cineverse Class A common stock. This figure reflects the net position following the derivative exercise that added 25,607 shares and the tax-withholding disposition of 13,461 shares recorded in the same Form 4 filing.

What derivative equity awards does the Cineverse (CNVS) executive still have?

The executive retains restricted stock units linked to 121,792 and 41,668 underlying Class A shares and 50,000 stock appreciation rights with a $5.80 exercise price expiring May 16, 2033. These remaining awards continue vesting through 2028 under the schedules described in the Form 4 footnotes.

What do the vesting schedules in the Cineverse (CNVS) Form 4 indicate?

Footnotes explain that portions of the executive’s restricted stock and RSUs vest in stages from 2026 through 2028. For example, some RSUs vested on May 1, 2026, with additional tranches scheduled on future dates, indicating ongoing equity-based compensation that will incrementally deliver shares over time.