CURI: Performance RSUs vest; officer now holds 44,138 shares
Rhea-AI Filing Summary
CuriosityStream Inc. (CURI) reported an insider equity change by its General Counsel, Rebecca Reed. On November 11, 2025, 26,667 restricted stock units vested into common stock. To cover taxes, 9,303 shares were withheld at $3.75 per share, leaving her with 44,138 shares beneficially owned directly after the transactions.
The RSUs derive from a 40,000 performance-based award granted on October 9, 2024. One-third (13,333) vested on May 7, 2025 after the company exceeded $4,500,000 in adjusted free cash flow since October 1, 2024. The remaining two-thirds (26,667) vested on November 11, 2025 upon achieving more than $9,000,000 in adjusted free cash flow between October 1, 2024 and September 30, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 26,667 | $0.00 | -- |
| Exercise | Common Stock | 26,667 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,303 | $3.75 | $35K |
Footnotes (1)
- On October 9, 2024, the Company granted Rebecca Reed 40,000 performance-based restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan (the "Award"). Each RSU represents a contingent right to receive one share of common stock. On May 7, 2025, the Board determined that the Company met the first performance condition of the Award, for having then achieved more than $4,500,000 in adjusted free cash flow since October 1, 2024, and thereby triggering the vesting of one-third of the Award, or 13,333 RSUs. On November 11, 2025, the Board determined that the Company met the second performance condition of the Award, by achieving more than $9,000,000 in adjusted free cash flow between October 1, 2024 and September 30, 2025, and thereby triggering the vesting of two-thirds of the Award, or 26,667 RSUs. Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of restricted stock units previously granted.