CuriosityStream CEO exercises 600K RSUs, tax shares withheld
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Rhea-AI Filing Summary
CuriosityStream Inc. reported that President and CEO Clinton Larry Stinchcomb had 600,000 performance-based restricted stock units convert into common stock after the Board determined on March 10, 2026 that the company met the second performance condition tied to 2025 revenue and adjusted free cash flow growth.
In connection with this vesting, 196,738 common shares were withheld at $3.27 per share to cover tax obligations, a non-market disposition. Following these transactions, Stinchcomb owns 2,821,260 shares of CuriosityStream common stock directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 600,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 600,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 196,738 | $3.27 | $643K |
Footnotes (3)
- F1. 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. The RSUs granted are performance-based, subject to the Company achieving certain stock price or financial performance goals. All vesting is subject to continued employment on the applicable vesting date and any RSUs not earned during the term of Mr. Stinchcomb's employment agreement ("Agreement") will be cancelled. The dividend equivalents rights entitle Mr. Stinchcomb to payout of dividends accrued on each unvested RSU to the extent such RSUs vest and are distributed under the Agreement.
- F2. 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.
- F3. 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
FAQ
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What insider transaction did CuriosityStream (CURI) disclose for CEO Clinton Stinchcomb?
Why did 600,000 CuriosityStream RSUs vest for Clinton Stinchcomb?
What are Clinton Stinchcomb’s CuriosityStream holdings after the reported transactions?
How were Clinton Stinchcomb’s CuriosityStream RSUs originally granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.