Cineverse (NASDAQ: CNVS) CFO adds 35,000 shares in open-market buy

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.

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

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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^*

Lindsey Mark Wayne

(Last) (First) (Middle)

C/O CINEVERSE CORP.

224 W. 35TH STREET, SUITE 500, #947

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

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)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/17/2026		P		35,000	A	$2	154,168(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)	$11.95							(2)	11/14/2032	Class A Common Stock	20,000		20,000	D
Restricted Stock Unit	(3)							(3)	(3)	Class A Common Stock	66,667		66,667	D
Restricted Stock Unit	(4)							(4)	(4)	Class A Common Stock	71,699		71,699	D
Restricted Stock Unit	(5)							(5)	(5)	Class A Common Stock	70,809		70,809	D

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

5. 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.

	/s/ Mark W. Lindsey	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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.

How many Cineverse (CNVS) shares does the CFO own after the latest trade?

After purchasing 35,000 Class A common shares, CFO Lindsey Mark Wayne directly owns 154,168 shares. The Form 4 also shows additional equity incentives, including stock appreciation rights and restricted stock units that vest over future years.

At what price did the Cineverse (CNVS) CFO buy shares in the recent Form 4?

The CFO bought 35,000 shares of Cineverse Class A common stock at $2.00 per share. This open-market purchase increased his direct stake to 154,168 shares, according to the reported post-transaction holdings in the Form 4 filing.

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.

How do the Cineverse (CNVS) CFO’s restricted shares vest over time?

One grant of 66,667 restricted shares vests in two parts: 33,333 on April 25, 2026 and 33,334 on April 25, 2027. Other RSU blocks vest on September 23 and October 8 in 2026, 2027, and 2028, according to the detailed footnotes.