Cineverse (NASDAQ: CNVS) CFO adds 35,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cineverse Corp. CFO Lindsey Mark Wayne reported an open-market purchase of 35,000 shares of Class A common stock at $2.00 per share, increasing his direct holdings to 154,168 shares. This was a cash purchase in the market, rather than part of an automatic equity grant.
He also holds stock appreciation rights covering 20,000 shares and multiple blocks of restricted stock units, which vest over several years. Footnotes state that 66,667 restricted shares vest in two equal installments in April 2026 and April 2027, and additional RSUs vest annually between 2026 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 35,000 shares ($70,000)
Net Buy
5 txns
Insider
Lindsey Mark Wayne
Role
CFO
Bought
35,000 shs ($70K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 35,000 | $2.00 | $70K |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 154,168 shares (Direct);
Stock Appreciation Right (Right to buy) — 20,000 shares (Direct);
Restricted Stock Unit — 66,667 shares (Direct)
Footnotes (1)
- Includes 66,667 shares of restricted stock that vest as follows: 33,333 vest on April 25, 2026 and 33,334 vest on April 25, 2027. Of such stock appreciation rights, 6,667 vest on November 14, 2023, 6,667 vest on November 14, 2024, and 6,666 vest on November 14, 2025. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 33,333 vest on April 25 of 2026 and 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, 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.
FAQ
What insider transaction did Cineverse (CNVS) disclose for its CFO?
Cineverse disclosed that CFO Lindsey Mark Wayne bought 35,000 Class A shares at $2.00 each in an open-market transaction, bringing his direct ownership to 154,168 shares. This Form 4 filing reports the trade and his updated holdings.
What stock appreciation rights does the Cineverse (CNVS) CFO hold?
The CFO holds stock appreciation rights over 20,000 shares. Footnotes indicate these rights vest in three tranches on November 14 of 2023, 2024, and 2025, providing potential future value tied to Cineverse’s Class A common stock performance.
What restricted stock units has the Cineverse (CNVS) CFO been granted?
The CFO has several restricted stock unit grants, each equal to one share of Class A stock. Footnotes describe vesting schedules, including 66,667 restricted shares vesting in April 2026 and 2027, and additional RSUs vesting annually between 2026 and 2028.