Cineverse Corp. (CNVS) executive nets RSU shares after tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cineverse Corp. Pres Tech/Chief Product Officer Mark Antonio Huidor reported routine equity compensation activity. He exercised 41,666 shares of Class A common stock from restricted stock units at $0.00 per share, while 45,703 shares were withheld to cover tax obligations at a value of $2.39 per share. After these transactions, he directly held 186,024 shares of Class A common stock.
He also continues to hold equity awards, including restricted stock units linked to 121,792 and 76,820 underlying Class A shares, and a stock appreciation right over 50,000 shares with a $5.80 exercise price expiring on May 16, 2033. Footnotes describe staggered vesting dates for these awards in 2026–2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
41,666 shares exercised/converted
Mixed
6 txns
Insider
Huidor Mark Antonio
Role
Pres Tech/Chief Product Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 41,666 | $0.00 | -- |
| Exercise | Class A Common Stock | 41,666 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 45,703 | $2.39 | $109K |
| holding | Stock Appreciation Right (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 41,668 shares (Direct, null);
Class A Common Stock — 231,727 shares (Direct, null);
Stock Appreciation Right (Right to Buy) — 50,000 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 41,666 vested on April 26, 2026 and 41,668 vest on April 25, 2027. Includes 41,666 shares of restricted stock that vested on April 25, 2026 and 41,668 shares of restricted stock that vest on April 25, 2027. Of such stock appreciation rights, 16,666 vested on May 16, 2024, 16,666 vested on May 1, 2025 and 16,668 vest on May 1, 2026. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vest on each of May 1 of 2026 and 2027 and 25,606 vest on May 1, 2028. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 40,597 vest on October 8 of each of 2026 and 2027 and 40,598 vest on October 8, 2028.
Key Figures
RSU shares exercised: 41,666 shares
Tax-withheld shares: 45,703 shares
Direct holdings after transaction: 186,024 shares
+4 more
7 metrics
RSU shares exercised
41,666 shares
Class A common stock acquired at $0.00 per share via RSU exercise
Tax-withheld shares
45,703 shares
Class A shares disposed at $2.39 per share to cover tax obligations
Direct holdings after transaction
186,024 shares
Class A common stock directly owned following Form 4 transactions
Remaining RSU grant 1
121,792 underlying shares
Restricted stock units tied to Class A common stock
Remaining RSU grant 2
76,820 underlying shares
Additional restricted stock units linked to Class A common stock
Stock appreciation right
50,000 underlying shares
SAR on Class A stock at $5.80 exercise price, expiring May 16, 2033
SAR exercise price
$5.80 per share
Exercise price for 50,000-share stock appreciation right
Key Terms
Restricted Stock Unit, Stock Appreciation Right, tax-withholding disposition, derivative security, +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
"Of such stock appreciation rights, 16,666 vested on May 16, 2024, 16,666 vested on May 1, 2025 and 16,668 vest on May 1, 2026."
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 security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider equity transactions did Cineverse (CNVS) officer Mark Antonio Huidor report?
Mark Antonio Huidor exercised 41,666 restricted stock units into Class A common stock at $0.00 per share and had 45,703 shares withheld at $2.39 per share to satisfy tax obligations. Following these compensation-related transactions, he directly held 186,024 Class A shares.
What derivative awards does Mark Antonio Huidor still hold in Cineverse (CNVS)?
He retains restricted stock units tied to 121,792 and 76,820 underlying Class A shares, plus a stock appreciation right over 50,000 shares with a $5.80 exercise price expiring on May 16, 2033. These awards vest in tranches across various dates through 2028.
How many Cineverse (CNVS) restricted stock units vested for Mark Antonio Huidor on April 25–26, 2026?
Footnotes state that 41,666 restricted stock units vested on April 26, 2026 and 41,668 are scheduled to vest on April 25, 2027. Another note indicates 41,666 vested restricted stock shares on April 25, 2026 and 41,668 additional restricted shares vest on April 25, 2027.