Cineverse CEO exercises 50,000 stock units
Cineverse Corp. CEO and Chairman Christopher McGurk exercised 50,000 restricted stock units into 50,000 shares of Class A common stock at $0 per share on April 25, 2026.
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Form Type
4
Rhea-AI Filing Summary
Cineverse Corp. CEO and Chairman Christopher McGurk exercised 50,000 restricted stock units into 50,000 shares of Class A common stock at $0 per share on April 25, 2026. After this derivative exercise, he holds 542,519 Class A shares directly.
He also has 178,526 Class A shares held indirectly through the Christopher and Jamie McGurk Living Trust. In addition, he retains equity awards including 263,006 and 120,000 restricted stock units and stock appreciation rights over 125,000 shares at $9.60, 125,000 shares at $10.80, and 35,000 shares at $29.40, with expirations between 2028 and 2032.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
8 txns
Insider
MCGURK CHRISTOPHER J
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 433,006 contracts for 383,006 underlying shares (Direct);
Class A Common Stock — 542,519 shares (Direct);
Stock Appreciation Right — 285,000 contracts (Direct);
Class A Common Stock — 178,526 shares (Indirect, By Christopher and Jamie McGurk Living Trust)
Footnotes (8)
- F1. Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 50,000 vested on April 25, 2026 and 50,000 vest on April 25, 2027.
- F2. Includes 50,000 shares of restricted stock that vested on April 25, 2026 and 50,000 shares of restricted stock that vest on April 25, 2027.
- F3. The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust.
- F4. One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
- F5. 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.
- F6. 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.
- 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.
- 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.
Key Figures
RSUs exercised: 50,000 shares
Direct Class A holdings: 542,519 shares
Indirect trust holdings: 178,526 shares
+5 more
8 metrics
RSUs exercised
50,000 shares
Restricted stock units converted to Class A common on April 25, 2026
Direct Class A holdings
542,519 shares
Direct ownership after RSU exercise
Indirect trust holdings
178,526 shares
Class A common stock held via Christopher and Jamie McGurk Living Trust
RSU award 1
263,006 underlying shares
Restricted stock units valued at one Class A share each
RSU award 2
120,000 underlying shares
Restricted stock units valued at one Class A share each
SAR grant 1
125,000 shares at $9.60
Stock appreciation right, expires October 17, 2032
SAR grant 2
125,000 shares at $10.80
Stock appreciation right, expires November 19, 2030
SAR grant 3
35,000 shares at $29.40
Stock appreciation right, expires June 7, 2028
Key Terms
Restricted Stock Unit, Stock Appreciation Right, derivative security, Living Trust, +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 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."
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.
derivative security financial
"transaction_code_description: 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.
Living Trust financial
"The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust."
beneficial ownership financial
"These shares are reported as indirect beneficial ownership associated with his position."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Cineverse (CNVS) report for Christopher McGurk?
Cineverse reported that CEO and Chairman Christopher McGurk exercised 50,000 restricted stock units into 50,000 shares of Class A common stock at $0 per share on April 25, 2026. This is a derivative exercise, not an open-market purchase or sale.
What restricted stock units does the Cineverse (CNVS) CEO still hold?
The filing shows Christopher McGurk holds restricted stock units tied to 263,006 and 120,000 underlying Class A common shares. Footnotes state these RSUs have values equal to one share each and vest in scheduled annual installments between 2026 and 2028.
What stock appreciation rights does Christopher McGurk have at Cineverse (CNVS)?
McGurk holds stock appreciation rights over 125,000 Class A shares at $9.60, 125,000 shares at $10.80, and 35,000 shares at $29.40. Footnotes indicate these awards vested in tranches from 2019 through 2025, with expirations between 2028 and 2032.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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