Cineverse (NASDAQ: CNVS) officer exercises RSUs with 36,896 shares withheld
Rhea-AI Filing Summary
Cineverse Corp. Chief Motion Pictures Officer Yolanda Macias reported routine equity compensation activity involving restricted stock units and related tax withholding. On April 25, 2026, she exercised 33,333 restricted stock units, each converting into one share of Class A common stock at an exercise price of $0.00 per share.
In a related F-code tax-withholding disposition, 36,896 shares of Class A common stock were withheld at $2.39 per share to satisfy tax obligations, rather than sold in the open market. She also reports indirect ownership of 146 Class A shares held by a minor child and continues to hold several unexercised restricted stock unit and stock appreciation right awards tied to Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,563 shares
Net Sell
8 txns
Insider
Macias Yolanda
Role
Chief Motion Pictures Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 33,333 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 33,333 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 36,896 | $2.39 | $88K |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Stock Appreciation Right (Right to buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 187,033 shares (Direct);
Class A Common Stock — 118,197 shares (Direct);
Stock Appreciation Right (Right to buy) — 55,000 shares (Direct);
Class A Common Stock — 146 shares (Indirect, By minor child)
Footnotes (6)
- F1. 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, 2026 and 33,334 vest on April 25, 2027.
- F2. Includes 33,333 shares of restricted stock that vested on April 25, 2026 and 33,3334 shares of restricted stock that vest on April 25, 2027.
- F3. Of such stock appreciation rights, 15,000 vested on March 31, of each of 2022 and 2023.
- F4. Of such stock appreciation rights, 8,333 vest on May 16 of each of 2024, 2025 and 2026.
- F5. 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.
- F6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,626 vest on October 8 of each of 2026 and 2027 and 25,627 vest on October 8, 2028.
Key Figures
RSUs exercised: 33,333 units
Tax-withholding shares: 36,896 shares
Direct shares after F entry: 118,197 shares
+5 more
8 metrics
RSUs exercised
33,333 units
Converted to Class A common stock on April 25, 2026
Tax-withholding shares
36,896 shares
Class A common stock delivered at $2.39 per share for taxes
Direct shares after F entry
118,197 shares
Class A common stock reported following tax-withholding disposition entry
Direct shares after M entry
155,093 shares
Class A common stock reported following derivative exercise entry
RSU derivative position 1
76,879 underlying shares
Restricted stock units convertible into Class A common stock
RSU derivative position 2
76,820 underlying shares
Additional restricted stock units tied to Class A common stock
Stock appreciation right
25,000 underlying shares at $5.80
Class A stock appreciation rights expiring May 16, 2033
Stock appreciation right
30,000 underlying shares at $12.80
Class A stock appreciation rights expiring December 23, 2030
Key Terms
Restricted Stock Unit, Stock Appreciation Right, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit has a value equal to one share of Class A common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Stock Appreciation Right financial
"Stock Appreciation Right (Right to buy) with an exercise price of 5.8000."
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security."
underlying security financial
"underlying security title Class A Common Stock and underlying security shares 33,333.0000."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Cineverse (CNVS) officer Yolanda Macias report in this Form 4?
Yolanda Macias reported exercising 33,333 restricted stock units into Class A common shares and a related tax-withholding share disposition. These transactions reflect routine equity compensation activity rather than open-market buying or selling of Cineverse stock.
How many Cineverse (CNVS) restricted stock units did Yolanda Macias exercise?
She exercised 33,333 restricted stock units, each equal to one share of Class A common stock at a stated exercise price of $0.00. This derivative exercise converts previously granted RSUs into actual Cineverse shares as part of her compensation package.
What does the F transaction code mean in this Cineverse (CNVS) filing?
The F code indicates a tax-withholding disposition, not an open-market sale. In this filing, 36,896 Class A shares at $2.39 per share were withheld to cover tax obligations arising from equity compensation, a mechanical step rather than a discretionary stock sale.
What derivative awards does Yolanda Macias still hold in Cineverse (CNVS)?
She continues to hold multiple derivative awards, including restricted stock units tied to 76,879 and 76,820 underlying Class A shares, plus stock appreciation rights over 25,000 shares at $5.80 and 30,000 shares at $12.80, with expirations in 2033 and 2030 respectively.
Does this Cineverse (CNVS) Form 4 show any open-market stock sales by Yolanda Macias?
No open-market sales are indicated. The only disposition is an F-code tax-withholding event, where 36,896 shares were delivered at $2.39 per share to satisfy tax liabilities connected to equity compensation rather than sold on the market.