Cineverse executive exercises RSUs, shares withheld
Cineverse Corp. executive Mark Antonio Huidor, President of Technology and Chief Product Officer, reported compensation-related equity activity in Class A common stock.
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 198,170 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.
Positive
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Negative
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Insider Trade Summary
25,607 shares exercised/converted
Exercise
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 | $0.00 |
| Exercise | Class A Common Stock | 25,607 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | 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 — 214,673 contracts for 163,460 underlying shares (Direct);
Class A Common Stock — 198,170 shares (Direct);
Stock Appreciation Right (Right to Buy) — 50,000 contracts (Direct)
Footnotes (5)
- F1. Includes 41,668 shares of restricted stock that vest on April 25, 2027.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
