[Form 4] Cineverse Corp. Insider Trading Activity
Rhea-AI Filing Summary
Cineverse Corp. CFO Mark Lindsey reported compensation-related equity activity involving Class A common stock and equity awards. He exercised 33,333 restricted stock units, receiving the equivalent number of Class A shares at a conversion price of $0.00 per share. To cover tax obligations, 33,530 shares of Class A common stock were disposed of at $2.39 per share through a tax-withholding arrangement rather than an open-market sale, leaving 153,971 shares of Class A common stock held directly. He also continues to hold unexercised awards, including restricted stock units tied to 70,809 and 71,699 underlying Class A shares, plus 20,000 stock appreciation rights with an exercise price of $11.95 per share expiring in 2032. Footnotes indicate these RSUs and stock appreciation rights vest over multiple future dates in 2026–2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 33,333 | $0.00 | -- |
| Exercise | Class A Common Stock | 33,333 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 33,530 | $2.39 | $80K |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (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 of 2026 and 33,334 vest on April 25, 2027. 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. Of such stock appreciation rights, 6,667 vested on November 14, 2023, 6,667 vested on November 14, 2024 and 6,666 vested on November 14, 2025. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 23,900 vest on September 23 of each of 2026 and 2027 and 23,899 vest on September 23, 2028. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 23,603 vest on October 8 of each of 2026, 2027 and 2028.