CuriosityStream (NASDAQ: CURI) CEO adds shares after hitting growth targets
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CuriosityStream Inc. President and CEO Clinton Larry Stinchcomb purchased 94,256 shares of common stock in open-market transactions at a weighted average price of $2.744 per share, with prices ranging from $2.68 to $2.775. Following these purchases, he directly owns 2,945,516 common shares.
Stinchcomb also holds performance-based restricted stock units tied to company results. The Board determined the company achieved 35% year-over-year revenue growth for the first half of 2025, and full-year 40% revenue growth plus 35% adjusted free cash flow growth versus 2024, triggering vesting of RSU tranches. He now has 1,200,000 remaining unvested RSUs under this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 94,256 shares ($258,638)
Net Buy
2 txns
Insider
Stinchcomb Clinton Larry
Role
President and CEO
Bought
94,256 shs ($259K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 94,256 | $2.744 | $259K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,945,516 shares (Direct, null);
Restricted Stock Units — 1,200,000 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.68 to $2.775, inclusive. The reporting person undertakes to provide to CuriosityStream Inc., any security holder of CuriosityStream Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4. On August 4, 2025, the Board determined that the Company met the first performance condition of the award by achieving 35% year-over-year revenue growth for the period January 1 through June 30, 2025, compared to the same period in 2024, and thereby triggering the vesting of the first tranche of the Award, or 600,000 RSUs. On March 10, 2026, the Board determined that the Company met the second performance condition of the award by achieving 40% revenue growth and 35% adjusted free cash flow growth for the full year 2025 compared to 2024, and thereby triggering the vesting of the second tranche of the Award, or 600,000 RSUs. Mr. Stinchcomb now has 1,200,000 remaining unvested RSUs under the award as reported in Table II. On July 15, 2025, the Company granted Mr. Stinchcomb 2,400,000 restricted stock units (RSUs) with tandem dividend equivalent rights under the 2020 Omnibus Incentive Plan. Each RSU represents the right to receive one share of common stock and will be settled upon vesting (or within 30 days thereafter). All vesting events are subject to continued employment on each applicable vesting date. The RSUs granted are performance-based, subject to the Company achieving certain stock price or financial performance goals.
Key Figures
Shares purchased: 94,256 shares
Average purchase price: $2.744 per share
Post-transaction holdings: 2,945,516 shares
+5 more
8 metrics
Shares purchased
94,256 shares
Open-market common stock purchase on May 27, 2026
Average purchase price
$2.744 per share
Weighted average; trades between $2.68 and $2.775
Post-transaction holdings
2,945,516 shares
Common stock directly owned after purchase
Unvested RSUs
1,200,000 units
Remaining performance-based RSUs under the award
Initial RSU grant
2,400,000 RSUs
Grant on July 15, 2025 under 2020 Omnibus Incentive Plan
H1 2025 revenue growth
35% YoY
January 1–June 30, 2025 vs. same period 2024
Full-year 2025 revenue growth
40%
2025 compared to 2024, triggers RSU vesting
Full-year 2025 adjusted FCF growth
35%
Adjusted free cash flow growth vs. 2024
Key Terms
Restricted Stock Units, tandem dividend equivalent rights, adjusted free cash flow, performance-based, +1 more
5 terms
Restricted Stock Units financial
"On July 15, 2025, the Company granted Mr. Stinchcomb 2,400,000 restricted stock units (RSUs)..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tandem dividend equivalent rights financial
"2,400,000 restricted stock units (RSUs) with tandem dividend equivalent rights under the 2020 Omnibus Incentive Plan."
adjusted free cash flow financial
"achieving 40% revenue growth and 35% adjusted free cash flow growth for the full year 2025 compared to 2024..."
Adjusted free cash flow is the amount of money a company generates from its operations after accounting for essential expenses and investments, like maintaining or upgrading equipment. It shows how much cash is truly available to grow the business, pay debts, or return to shareholders, helping investors see the company's financial health more clearly.
performance-based financial
"The RSUs granted are performance-based, subject to the Company achieving certain stock price or financial performance goals."
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did CuriosityStream (CURI) CEO Clinton Stinchcomb report?
CuriosityStream CEO Clinton Stinchcomb reported buying 94,256 common shares in the open market. The weighted average purchase price was about $2.744 per share, based on multiple trades between $2.68 and $2.775, increasing his direct equity stake in the company.
What performance-based RSU award does the CuriosityStream CEO hold?
On July 15, 2025, CuriosityStream granted Mr. Stinchcomb 2,400,000 performance-based RSUs with tandem dividend equivalent rights. Each RSU equals one share of common stock and vests only if specific stock price or financial performance goals are achieved and employment continues through vesting dates.
What revenue and cash flow targets did CuriosityStream meet to trigger RSU vesting?
The Board determined CuriosityStream achieved 35% year-over-year revenue growth for January 1–June 30, 2025, versus 2024. It also achieved 40% revenue growth and 35% adjusted free cash flow growth for full-year 2025 versus 2024, which triggered vesting of two 600,000-RSU tranches for the CEO.
How many unvested RSUs does the CuriosityStream CEO still have?
Mr. Stinchcomb currently has 1,200,000 remaining unvested RSUs under his large performance-based award. These units will settle into common stock only upon future vesting events, which depend on continued employment and the company meeting additional stock price or financial performance conditions.