Cineverse (NASDAQ: CNVS) director reports 32,413-share equity retainer grant
Rhea-AI Filing Summary
Cineverse Corp. director reports equity compensation grant
A Cineverse Corp. director reported receiving 32,413 shares of Class A common stock on December 8, 2025. This stock represents the equity portion of the director’s annual board retainer for the service year commencing October 1, 2025. The shares vest in four equal quarterly installments on December 31, 2025, March 31, 2026, June 30, 2026 and September 30, 2026, subject to the director continuing to serve on the board on each vesting date.
Following this grant, the director is shown as beneficially owning 160,361 Class A common shares directly and 4,603 shares indirectly through Grassmere Partners, LLC, where he is Chairman. He disclaims beneficial ownership of the indirectly held shares except to the extent of any pecuniary interest.
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FAQ
What did the CNVS director report in this Form 4 filing?
The director reported receiving 32,413 shares of Cineverse Corp. Class A common stock as part of his annual board retainer, with the transaction dated December 8, 2025.
How do the Cineverse (CNVS) director shares from this grant vest?
The 32,413 shares vest in quarterly installments on December 31, 2025, March 31, 2026, June 30, 2026 and September 30, 2026, provided the director remains on the board on each date.
What is the purpose of the 32,413 CNVS shares granted to the director?
The 32,413 Class A shares constitute the stock portion of the director’s annual retainer for the year of board service beginning October 1, 2025.
How many CNVS shares does the director beneficially own after this transaction?
After the transaction, the director beneficially owns 160,361 Class A common shares directly and 4,603 shares indirectly through Grassmere Partners, LLC.
What is the nature of the director’s indirect ownership of CNVS shares?
The 4,603 indirectly owned shares are held by Grassmere Partners, LLC, where the director is Chairman. He disclaims beneficial ownership of these shares except to the extent of any pecuniary interest.
Was there a cash price associated with the CNVS stock grant to the director?
The Form 4 indicates the 32,413 Class A shares were acquired at a reported price of $0, consistent with a stock-based compensation grant rather than an open-market purchase.