Cineverse CLO buys 30,000 shares at $2.00
Cineverse Corp. chief legal officer Gary S. Loffredo bought 30,000 shares of Class A common stock in an open‑market purchase at $2.00 per share.
Rhea-AI Filing Summary
Cineverse Corp. chief legal officer Gary S. Loffredo bought 30,000 shares of Class A common stock in an open‑market purchase at $2.00 per share. After this trade, he directly owns 200,337 shares. He also holds stock appreciation rights and restricted stock units that vest in tranches through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 30,000 shares
Net Buy
7 txns
Insider
LOFFREDO GARY S
Role
CLO, Secretary and Sr Advisor
Bought
30,000 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 30,000 | $2.00 | $60K |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 200,337 shares (Direct);
Stock Appreciation Right (Right to buy) — 80,380 contracts (Direct);
Stock Appreciation Right — 40,000 contracts (Direct);
Restricted Stock Unit — 273,776 contracts (Direct)
Footnotes (7)
- F1. 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.
- F2. One-third of the stock appreciation rights vested on December 10 of each of 2019, 2020 and 2021.
- F3. Of such SARs, 25,000 vested on March 31, 2022, 25,000, vested on March 31, 2023 and 10,000 vested on June 30, 2023.
- F4. Of such stock appreciation rights, 13,333 vest on May 16, 2024, 13,333 vest on May 1, 2025 and 13,334 vest on May 1, 2026.
- F5. 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, 2026 and 33,334 vest on April 25, 2027.
- F6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vest on May 1 of each of 2026 and 2027 and 25,606 vest on May 1, 2028.
- F7. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 43,430 vest on October 8 of each of 2026 and 2027 and 43,429 vest on October 8, 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.