Cineverse (CNVS) CFO awarded 50,000 RSUs vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCabe Sean William reported acquisition or exercise transactions in this Form 4 filing.
Cineverse Corp. CFO Sean William McCabe received a grant of 50,000 restricted stock units tied to Class A common stock. Each unit represents one share. According to the vesting schedule, 16,666 RSUs vest on April 20 of 2027 and 2028, and 16,668 vest on April 20, 2029. Following this award, McCabe holds 50,000 derivative units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCabe Sean William
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 50,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 50,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 50,000 units
Vesting tranche 1: 16,666 units
Vesting tranche 2: 16,666 units
+3 more
6 metrics
RSUs granted
50,000 units
Restricted stock units tied to Class A common stock
Vesting tranche 1
16,666 units
RSUs vesting on April 20, 2027
Vesting tranche 2
16,666 units
RSUs vesting on April 20, 2028
Vesting tranche 3
16,668 units
RSUs vesting on April 20, 2029
Exercise price
$0.00 per unit
Reported conversion or exercise price for RSUs
Holdings after grant
50,000 units
Total derivative units following the transaction
Key Terms
Restricted Stock Unit, Class A Common Stock, vesting
3 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit"; each unit equals 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.
Class A Common Stock financial
"Each restricted stock unit has a value equal to one share of Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"16,666 vest on April 20 of each of 2027 and 2028 and 16,668 vest on April 20, 2029."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Cineverse (CNVS) CFO report in this Form 4 filing?
Cineverse CFO Sean William McCabe reported receiving a grant of 50,000 restricted stock units. Each RSU corresponds to one share of Class A common stock, reflecting a stock-based compensation award rather than an open-market share purchase or sale.
How many restricted stock units were granted to the Cineverse (CNVS) CFO?
The Cineverse CFO was granted 50,000 restricted stock units. These units represent the right to receive 50,000 shares of Class A common stock over time, subject to a multi-year vesting schedule detailed in the filing’s footnote.
What is the vesting schedule for the Cineverse (CNVS) CFO’s 50,000 RSUs?
The 50,000 RSUs vest in three tranches. 16,666 units vest on April 20, 2027, another 16,666 vest on April 20, 2028, and the remaining 16,668 vest on April 20, 2029, creating a staggered, three-year vesting pattern.
How many derivative units does the Cineverse (CNVS) CFO hold after this grant?
After the reported grant, the Cineverse CFO directly holds 50,000 derivative units. These units are restricted stock units that, upon vesting, entitle him to receive an equivalent number of shares of Class A common stock from the company.