[Form 4] CuriosityStream Inc. Insider Trading Activity

Rhea-AI Filing Summary

CuriosityStream (CURI) Form 4: General Counsel Rebecca R. Reed reported routine compensation-related transactions dated 18 Jul 2025. Two RSU tranches—380 units granted 19 Jul 2021 and 43 units granted 20 Sep 2021—vested and converted to common stock on a 1-for-1 basis. To satisfy statutory tax withholding, 145 shares (130 + 15) were automatically surrendered at $4.62 per share. Net effect: +278 shares added to Reed’s direct holdings, which now total 31,550 shares. All settled RSUs were removed from derivative holdings, leaving 86 unvested units outstanding. No open-market buys or sells occurred; therefore the filing carries limited monetary value (~$1.3 k) but reflects ongoing alignment of the executive’s interests with shareholders.

Positive

• Net 278-share increase in insider holdings shows continued equity alignment with shareholders.

Negative

• The transactions are small and routine; unlikely to influence CuriosityStream’s fundamentals or market sentiment.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; +278 net shares; negligible dollar value; governance-positive but financially immaterial.

The filing shows compensation-driven share issuance, not discretionary buying. The $1.3 k net value and sub-0.1% stake change have no effect on liquidity, earnings, or valuation. Still, insider accumulation—even passive—avoids a potential dilution signal and mildly supports sentiment. Overall, neutral from a market-impact perspective.

Corporate Governance Specialist

TL;DR: Executive equity retention continues; signals commitment, yet size too small to sway governance assessments.

Reed’s RSU vesting demonstrates that equity awards are vesting as intended, reinforcing pay-for-performance structures. The absence of open-market sales limits negative optics. However, with only 278 shares added, institutional investors will likely view this as administratively routine. No governance red flags emerge.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Reed Rebecca R

(Last) (First) (Middle)

8484 GEORGIA AVE SUITE 700

(Street)

SILVER SPRING MD 20910

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CuriosityStream Inc. [ CURI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Gen Counsel

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2025

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
Common Stock	07/18/2025		M		380	A	(1)	31,652	D
Common Stock	07/18/2025		F		130(2)	D	$4.62	31,522	D
Common Stock	07/18/2025		M		43	A	(3)	31,565	D
Common Stock	07/18/2025		F		15(2)	D	$4.62	31,550	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
Restricted Stock Units	(1)	07/18/2025		M			380	(1)	(1)	Common Stock	380	$0	0	D
Restricted Stock Units	(3)	07/18/2025		M			43	(3)	(3)	Common Stock	43	$0	86	D

Explanation of Responses:

1. On July 18, 2025, 380 restricted stock units granted to Ms. Reed on July 19, 2021 vested and were converted into shares of the Company's common stock on a one-to-one basis.

2. 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.

3. On July 18, 2025, 43 restricted stock units granted to Ms. Reed on September 20, 2021 vested and were converted into shares of the Company's common stock on a one-to-one basis.

Remarks:

	/s/ P. Brady Hayden as attorney-in-fact for Rebecca Reed	07/22/2025
	** 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).
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FAQ

How many CuriosityStream (CURI) shares did General Counsel Rebecca R. Reed acquire?

She acquired 423 shares through RSU vesting, of which 145 were withheld for taxes, yielding a net +278 shares.

What price was used for the tax-withholding share disposition?

Shares were withheld at $4.62 per share.

What is Rebecca Reed’s total direct ownership after the Form 4 transactions?

She now directly owns 31,550 CuriosityStream common shares.

Were any shares sold on the open market?

No. All dispositions were automatic tax‐withholding; no open-market sales occurred.

How many restricted stock units remain unvested for Ms. Reed?

She retains 86 RSUs following the reported vesting events.