Cineverse Corp. (CNVS) CSO reports RSU vesting and tax share withholding

Rhea-AI Filing Summary

Erick Opeka, CSO and President of Cineverse Corp., had 31,517 restricted stock units convert into the same number of Class A common shares on May 1, 2026. On that date, 13,832 shares were disposed in a tax-withholding transaction at $2.6200 per share. After these events, he directly holds 242,009 Class A shares, 253,013 restricted stock units, and stock appreciation rights over 152,750 underlying shares.

Insights

Equity compensation analyst

Routine RSU vesting and tax withholding; insider retains a sizable equity stake.

Erick Opeka, CSO and President of Cineverse Corp., reported an M-code exercise of 31,517 restricted stock units at an exercise price of $0.00 per unit. This represents equity compensation vesting rather than an open-market purchase.

The filing also shows an F-code disposition of 13,832 Class A shares at $2.62 per share for tax obligations, which is not a discretionary sale. Following the transactions, Opeka directly held 255,841 common shares and maintained significant derivative exposure through restricted stock units and stock appreciation rights extending to 2033.

Overall, the activity appears routine for executive compensation, with no open-market buying or selling reported in this filing. The key takeaway is that Opeka continues to have substantial aligned exposure to Cineverse equity through both common shares and long-dated derivative awards.

Insider Trade Summary

Net Buyer: 17,685 shares

Net Buy 8 txns

Insider OPEKA ERICK

Role CSO and President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	31,517	$0.00	$0.00
Exercise	Class A Common Stock	31,517	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	13,832	$2.62	$36K
holding	Stock Appreciation Right (Right to buy)	--	--	--
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 — 253,013 shares (Direct); Class A Common Stock — 242,009 shares (Direct); Stock Appreciation Right (Right to buy) — 152,750 shares (Direct)

Footnotes (7)

1. F1. Includes 45,834 shares of restricted stock that vest on vest on April 25, 2027.
2. F2. One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
3. F3. Of such stock appreciation rights, 25,000 vested on March 31, 2022, 25,000 vested on March 31, 2023 and 10,000 vested on December 31, 2023.
4. F4. Of such stock appreciation rights, 25,000 vested on May 16, 2024, 25,000 vested on May 1, 2025 and 25,000 vested on May 1, 2026.
5. F5. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 45,834 vest on April 25, 2027.
6. F6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 31,517 vested on May 1, 2026, 31,517 vest on May 1, 2027 and 31,516 vest on May 1, 2028.
7. F7. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 48,049 vest on October 8 of each of 2026, 2027 and 2028.

Key Figures

RSUs converted: 31,517 shares Shares withheld for taxes: 13,832 shares Class A shares held: 242,009 shares +2 more

5 metrics

RSUs converted 31,517 shares Restricted stock units converted into Class A common stock on 2026-05-01

Shares withheld for taxes 13,832 shares Class A shares disposed at $2.6200 per share in a tax-withholding transaction on 2026-05-01

Class A shares held 242,009 shares Post-transaction direct holding of Class A common stock

RSUs held 253,013 units Post-transaction direct holding of restricted stock units

Stock appreciation rights underlying shares 152,750 shares Post-transaction underlying shares covered by Stock Appreciation Rights

Key Terms

Restricted Stock Unit, Stock Appreciation Right, tax-withholding disposition

3 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) referencing Class A common stock as underlying security"

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

"Transaction code F described as a tax-withholding disposition at $2.6200 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/05/2026 - 06:11 PM Learn about SEC filing dates

FAQ

What transactions did Cineverse (CNVS) CSO Erick Opeka report on May 1, 2026?

Erick Opeka reported RSU conversion and tax withholding transactions on May 1, 2026. A block of 31,517 restricted stock units converted into Class A shares, and 13,832 shares were disposed in a tax-withholding transaction at $2.6200 per share.

How many Cineverse (CNVS) shares were withheld for taxes in this Form 4?

13,832 Class A shares were disposed for tax withholding. The filing classifies this as a transaction coded F, described as a tax-withholding disposition at $2.6200 per share, tied to the equity award activity on May 1, 2026.

What are Erick Opekas current Class A share and RSU holdings in CNVS?

Erick Opeka now holds 242,009 Class A shares and 253,013 RSUs directly. These post-transaction balances are reported as his canonical holdings following the May 1, 2026 equity award conversion and associated tax-withholding share disposition.

What stock appreciation rights does Erick Opeka hold in Cineverse (CNVS)?

He holds stock appreciation rights over 152,750 underlying Class A shares. These rights have exercise prices of $23.2000, $12.8000, and $5.8000, with expirations ranging from 2028 to 2033, as detailed in the derivative holdings summary.

How are Erick Opekas Cineverse (CNVS) RSUs scheduled to vest?

RSU vesting is spread across several future dates. One tranche of 31,517 RSUs vested on May 1, 2026, with additional tranches of 31,517 and 31,516 units scheduled to vest on May 1, 2027 and May 1, 2028, respectively.

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^*

OPEKA ERICK

(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)
	CSO and President

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		31,517	A	(6)	255,841(1)	D
Class A Common Stock	05/01/2026		F		13,832	D	$2.62	242,009(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)	$23.2							(2)	09/28/2028	Class A Common Stock	17,750		17,750	D
Stock Appreciation Right (Right to buy)	$12.8							(3)	12/23/2030	Class A Common Stock	60,000		60,000	D
Stock Appreciation Right (Right to buy)	$5.8							(4)	05/16/2033	Class A Common Stock	75,000		75,000	D
Restricted Stock Unit	(5)							(5)	(5)	Class A Common Stock	45,833		45,834	D
Restricted Stock Unit	(6)	05/01/2026		M			31,517	(6)	(6)	Class A Common Stock	31,517	$0	63,033	D
Restricted Stock Unit	(7)							(7)	(7)	Class A Common Stock	144,147		144,147	D

Explanation of Responses:

1. Includes 45,834 shares of restricted stock that vest on vest on April 25, 2027.

2. One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.

3. Of such stock appreciation rights, 25,000 vested on March 31, 2022, 25,000 vested on March 31, 2023 and 10,000 vested on December 31, 2023.

4. Of such stock appreciation rights, 25,000 vested on May 16, 2024, 25,000 vested on May 1, 2025 and 25,000 vested on May 1, 2026.

5. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 45,834 vest on April 25, 2027.

6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 31,517 vested on May 1, 2026, 31,517 vest on May 1, 2027 and 31,516 vest on May 1, 2028.

7. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 48,049 vest on October 8 of each of 2026, 2027 and 2028.

	/s/ Erick Opeka	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)