CuriosityStream (CURI) CFO sells 30,400 shares, retains RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CuriosityStream Inc.’s Chief Financial Officer, Hayden Phillip Brady, reported an open‑market sale of 30,400 shares of common stock at a weighted average price of $2.562 per share. The shares were sold by the P. Brady Hayden Revocable Trust, where he is trustee and sole beneficiary, and the sale was described as for tax planning purposes.
After the sale, the trust held 71,267 common shares, and a separate entity, Plan Z, LLC, held 25,000 common shares with Mr. Hayden as managing member. He also holds 70,000 performance‑based RSUs tied to future stock price or time‑based vesting and 30,000 time‑based RSUs, each RSU representing one share of common stock upon vesting, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,400 shares ($77,885)
Net Sell
4 txns
Insider
Hayden Phillip Brady
Role
Chief Financial Officer
Sold
30,400 shs ($78K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,400 | $2.562 | $78K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,267 shares (Indirect, Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.);
Restricted Stock Units — 70,000 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.525 to $2.598, 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 sold at each separate price within the ranges set forth in this footnote to this Form 4. Shares were sold for tax planning purposes. The reporting person is trustee of the trust, and the reporting person is the sole beneficiary of the trust. The reporting person remains the beneficial owner of the securities held by the trust. On July 25, 2025, the Company granted Mr. Hayden 70,000 restricted stock units (RSUs) under the Company's 2020 Omnibus Incentive Plan. The RSUs are performance-based and will vest in four tranches of 17,500 each upon the date the Board determines that the applicable performance condition has been achieved: (i) the common stock of the Company achieves a 10-day volume weighted average price (VWAP) of $6.50; (ii) the common stock achieves a 10-day VWAP of $7.50; (iii) the common stock achieves a 10-day VWAP of $9.50; and (iv) the common stock achieves a 10-day VWAP of $11.50. In the event that the Performance Conditions are not met, the RSUs will vest in four equal installments of 17,500 on each of the first, second, third and fourth anniversaries of the Grant Date. 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. On February 10, 2026, the Company granted Mr. Hayden 30,000 RSUs with tandem dividend equivalent rights under the Company's 2020 Omnibus Incentive Plan. The RSUs will vest in four tranches of 7,500 each on the first, second, third and fourth anniversaries of the grant date.
Key Figures
Shares sold: 30,400 shares
Weighted average sale price: $2.562 per share
Sale price range: $2.525–$2.598 per share
+4 more
7 metrics
Shares sold
30,400 shares
Open-market sale by revocable trust at $2.562 average
Weighted average sale price
$2.562 per share
Common stock sale on 2026-06-12
Sale price range
$2.525–$2.598 per share
Range of individual trade prices for sold shares
Trust holdings after sale
71,267 shares
Common stock held by revocable trust post-transaction
Plan Z, LLC holdings
25,000 shares
Common stock held indirectly via Plan Z, LLC
Performance-based RSUs
70,000 RSUs
Granted July 25, 2025 with VWAP price hurdles
Time-based RSUs
30,000 RSUs
Granted February 10, 2026 vesting 7,500 annually over four years
Key Terms
Restricted Stock Units, volume weighted average price, dividend equivalent rights, 2020 Omnibus Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"On July 25, 2025, the Company granted Mr. Hayden 70,000 restricted stock units (RSUs) under the Company's 2020 Omnibus Incentive Plan."
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.
volume weighted average price financial
"the common stock of the Company achieves a 10-day volume weighted average price (VWAP) of $6.50;"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
dividend equivalent rights financial
"the Company granted Mr. Hayden 30,000 RSUs with tandem dividend equivalent rights under the Company's 2020 Omnibus Incentive Plan."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2020 Omnibus Incentive Plan financial
"RSUs under the Company's 2020 Omnibus Incentive Plan."
beneficial owner financial
"The reporting person remains the beneficial owner of the securities held by the trust."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
FAQ
What insider transaction did CuriosityStream (CURI) disclose for its CFO?
CuriosityStream disclosed that CFO Hayden Phillip Brady sold 30,400 shares of common stock at a weighted average price of $2.562 per share. The sale was executed through his revocable trust and was described as being for tax planning purposes.
What performance-based RSUs does the CuriosityStream (CURI) CFO hold?
On July 25, 2025, Mr. Hayden was granted 70,000 performance-based RSUs vesting in four 17,500-unit tranches. Vesting depends on CuriosityStream’s stock reaching 10-day VWAP targets of $6.50, $7.50, $9.50 and $11.50 or, if unmet, through scheduled time-based vesting.
What time-based RSUs were granted to the CuriosityStream (CURI) CFO in 2026?
On February 10, 2026, Mr. Hayden received 30,000 RSUs with tandem dividend equivalent rights. These RSUs vest in four equal tranches of 7,500 units on each of the first, second, third, and fourth anniversaries of the grant date, subject to continued employment.
How do the CuriosityStream (CURI) CFO’s RSUs convert into common stock?
Each restricted stock unit represents the right to receive one share of CuriosityStream common stock. Settlement occurs upon vesting or within 30 days thereafter, and all vesting requires that Mr. Hayden remain employed through the applicable vesting dates.