Cineverse (CNVS) exec exercises RSUs; 13,895 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cineverse Corp. Chief Motion Pictures Officer Yolanda Macias reported equity award activity involving company stock. On May 1, 2026, she exercised 25,607 restricted stock units, converting them into the same number of Class A common shares at a stated exercise price of $0.00 per share.
To cover tax obligations related to this vesting, 13,895 Class A shares were disposed of as a tax-withholding transaction at $2.62 per share, rather than an open-market sale. After these transactions, she holds 129,909 Class A common shares directly and 146 shares indirectly through a minor child.
Macias also continues to hold a significant package of equity awards, including restricted stock units and stock appreciation rights tied to Class A common stock, with underlying share amounts such as 76,879 RSU-linked shares, 33,334 RSU-linked shares, and stock appreciation rights over 25,000 and 30,000 shares at exercise prices of $5.80 and $12.80, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,607 shares exercised/converted
Mixed
8 txns
Insider
Macias Yolanda
Role
Chief Motion Pictures Officer
| 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 | 13,895 | $2.62 | $36K |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 51,213 shares (Direct, null);
Class A Common Stock — 143,804 shares (Direct, null);
Stock Appreciation Right (Right to buy) — 30,000 shares (Direct, null);
Class A Common Stock — 146 shares (Indirect, By minor child)
Footnotes (1)
- Includes 33,334 of restricted stock that vest on April 25, 2027. Of such stock appreciation rights, 15,000 vested on March 31, of each of 2022 and 2023. Of such stock appreciation rights, 8,333 vest on May 16 of each of 2024, 2025 and 2026. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 33,334 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, 25,626 vest on October 8 of each of 2026 and 2027 and 25,627 vest on October 8, 2028.
Key Figures
RSUs exercised: 25,607 units
Tax-withholding shares: 13,895 shares at $2.62
Direct common shares after transactions: 129,909 shares
+5 more
8 metrics
RSUs exercised
25,607 units
Restricted stock units converted to Class A common stock on May 1, 2026
Tax-withholding shares
13,895 shares at $2.62
Shares disposed to cover tax liability on May 1, 2026
Direct common shares after transactions
129,909 shares
Class A common stock directly held following May 1, 2026 activity
Indirect common shares
146 shares
Class A common stock held indirectly through a minor child
Remaining RSU-linked shares (block 1)
76,879 shares
Underlying Class A shares for a restricted stock unit award
Remaining RSU-linked shares (block 2)
33,334 shares
Underlying Class A shares for another restricted stock unit award
Stock appreciation right at $5.80
25,000 shares
Underlying shares, exercise price $5.80, expiring May 16, 2033
Stock appreciation right at $12.80
30,000 shares
Underlying shares, exercise price $12.80, expiring December 23, 2030
Key Terms
Restricted Stock Unit, Stock Appreciation Right, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Unit financial
"The security title includes "Restricted Stock Unit" with underlying 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
"The filing lists "Stock Appreciation Right (Right to buy)" tied to Class A stock."
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
"A Class A Common Stock transaction is coded F as a tax-withholding disposition."
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 exercise/conversion financial
"Transaction code M is described as a derivative exercise/conversion."
Class A Common Stock financial
"Multiple transactions and holdings reference Class A Common Stock as the underlying security."
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
What insider activity did CNVS executive Yolanda Macias report?
Yolanda Macias reported exercising 25,607 restricted stock units into Class A common stock and a related tax-withholding disposition of 13,895 shares. These entries reflect equity compensation mechanics rather than open-market buying or selling.
What restricted stock units does CNVS executive Yolanda Macias still hold?
Macias continues to hold restricted stock units linked to 76,879 and 33,334 underlying Class A shares, plus RSUs where 25,607 vested on May 1, 2026. Future vesting dates extend through 2028, according to the footnotes.
How many RSUs vested for CNVS executive Yolanda Macias on May 1, 2026?
On May 1, 2026, 25,607 restricted stock units vested, each equal to one Class A common share. The vesting created new share ownership while triggering associated tax-withholding of 13,895 shares for tax payment purposes.