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Cineverse (CNVS): Insider granted 263,006 RSUs; 492,519 shares sold

Christopher J. McGurk, CEO and Chairman of Cineverse Corp. (CNVS), reported changes in his beneficial ownership on 10/08/2025.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Christopher J. McGurk, CEO and Chairman of Cineverse Corp. (CNVS), reported changes in his beneficial ownership on 10/08/2025. He acquired 263,006 restricted stock units (RSUs) that convert one-for-one into Class A common stock and now directly holds 263,006 shares from that grant. The filing also shows 103,526 Class A shares held indirectly via the Christopher and Jamie McGurk Living Trust and a reported disposition of 492,519 Class A shares. McGurk retains multiple stock appreciation rights and prior RSUs/awards: 35,000, 125,000, and 125,000 SARs at exercise prices of $29.4, $10.8, and $9.6 respectively, plus outstanding RSUs totaling 220,000 that vest on scheduled future dates. Vesting schedules for the awards are disclosed through 10/08/2028.

Positive

  • 263,006 RSUs granted and recorded as acquired on 10/08/2025
  • Multiple SAR tranches outstanding (35,000; 125,000; 125,000) showing retained upside alignment
  • Clear vesting schedules provided through 10/08/2028 for transparency

Negative

  • Disposition of 492,519 Class A shares materially reduces reported indirect holdings
  • Potential dilution from RSU settlement and SAR exercises totaling hundreds of thousands of shares

Insights

Insider grants and large disposals change voting and economic stakes.

The reporting shows a sizeable 263,006 RSU grant vested on 10/08/2025, increasing the reporting person's direct share count by the same amount because each RSU converts to one Class A share. Concurrently, the form records a 492,519 share disposition, which materially reduces indirect holdings reported.

These moves reshape the insider's immediate equity stake and potential voting power; material effects depend on total outstanding shares. Watch upcoming vesting dates through 10/08/2028 for further scheduled share increases and any additional SEC filings that clarify total post-transaction ownership.

Mix of RSUs and vested SARs shows multi-year incentive layering.

The filing lists multiple long-dated stock appreciation rights and staggered restricted stock unit schedules: SAR tranches of 35,000, 125,000, and 125,000 with exercise prices at $29.4, $10.8, and $9.6. RSU tranches total 263,006 newly reported plus earlier RSUs of 220,000 with vesting through 2028.

This structure aligns executive pay with multi-year share-price performance while creating future dilution when RSUs settle; monitor actual exercises of SARs and additional grants versus company disclosures on share count.

Insider MCGURK CHRISTOPHER J
Role CEO and Chairman
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 263,006 $0.00 $0.00
holding Stock Appreciation Right (Right to buy) -- -- --
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 -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit — 483,006 contracts for 220,000 underlying shares (Direct); Stock Appreciation Right (Right to buy) — 285,000 contracts (Direct); Class A Common Stock — 103,526 shares (Indirect, By Christopher and Jamie McGurk Living Trust); Class A Common Stock — 492,519 shares (Direct)
Footnotes (8)
  1. F1. The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust.
  2. F2. Includes 100,000 shares of restricted stock that vest as follows: 50,000 vest on April 25 of each of 2026 and 2027.
  3. F3. One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
  4. F4. 62,500 of the stock appreciation rights vested on November 19, 2020 and 62,500 of the stock appreciation rights vested on March 31, 2023.
  5. F5. Of the stock appreciation rights, 41,666 vested on April 1, 2023, 41,666 vested on April 1, 2024 and 41,668 vested on April 1, 2025.
  6. F6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 50,000 vest on April 25 of each of 2025, 2026 and 2027.
  7. F7. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 40,000 vest on May 1 of each of 2026, 2027 and 2028.
  8. F8. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 87,669 vest on October 8 of each of 2026 and 2027 and 87,668 vest on October 8, 2028.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cineverse (CNVS) insider Christopher McGurk report on 10/08/2025?
He reported acquisition of 263,006 RSUs that convert one-for-one into Class A shares and a reported disposition of 492,519 Class A shares.

How many stock appreciation rights does McGurk hold and at what prices?
He holds SARs of 35,000 at $29.4, 125,000 at $10.8, and 125,000 at $9.6.

Are there future vesting dates disclosed for McGurk's awards?
Yes. Vesting schedules extend through 10/08/2028, with specific tranches vesting on dates in 2026, 2027, and 2028 as described.

How many shares are held indirectly by the Christopher and Jamie McGurk Living Trust?
The filing reports 103,526 Class A shares held indirectly by that trust.

Do the RSUs have a per-share price in the filing?
The RSUs convert one-for-one into Class A common stock; the filing shows the 263,006 RSUs were recorded with a price of $0 on acquisition (standard for RSU settlement).

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
MCGURK CHRISTOPHER J
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chairman
3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025
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 103,526 I By Christopher and Jamie McGurk Living Trust(1)
Class A Common Stock 492,519(2) 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) $29.4 (3) 06/07/2028 Class A Common Stock 35,000 35,000 D
Stock Appreciation Right (Right to buy) $10.8 (4) 11/19/2030 Class A Common Stock 125,000 125,000 D
Stock Appreciation Right (Right to buy) $9.6 (5) 10/17/2032 Class A Common Stock 125,000 125,000 D
Restricted Stock Unit (6) (6) (6) Class A Common Stock 100,000 100,000 D
Restricted Stock Unit (7) (7) (7) Class A Common Stock 120,000 120,000 D
Restricted Stock Unit (8) 10/08/2025 A 263,006 (8) (8) Class A Common Stock 263,006 $0 263,006 D
Explanation of Responses:
1. The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust.
2. Includes 100,000 shares of restricted stock that vest as follows: 50,000 vest on April 25 of each of 2026 and 2027.
3. One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
4. 62,500 of the stock appreciation rights vested on November 19, 2020 and 62,500 of the stock appreciation rights vested on March 31, 2023.
5. Of the stock appreciation rights, 41,666 vested on April 1, 2023, 41,666 vested on April 1, 2024 and 41,668 vested on April 1, 2025.
6. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 50,000 vest on April 25 of each of 2025, 2026 and 2027.
7. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 40,000 vest on May 1 of each of 2026, 2027 and 2028.
8. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 87,669 vest on October 8 of each of 2026 and 2027 and 87,668 vest on October 8, 2028.
/s/ Christopher J. McGurk 10/10/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

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