[144] Reservoir Media, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Reservoir Media, Inc. (RSVR) by beneficial owner Adam Rothstein discloses a proposed sale of 65,281 common shares through Merrill Lynch on 09/10/2025 with an aggregate market value of $506,585.29. The filing reports total shares outstanding of 65,559,023.

The securities listed were acquired as compensation on multiple dates between 12/09/2020 and 07/28/2024, totaling the units shown per line items. The form also discloses recent open-market sales by the same person during the prior three months: 74,558 shares on 08/07/2025 ($565,224.16), 48,430 on 08/08/2025 ($361,219.68), and 34,719 on 09/09/2025 ($273,527.81).

Insights

Securities Analyst

TL;DR: Routine insider notice of proposed sales; volumes are small relative to total shares outstanding.

The Form 144 documents a planned brokered sale of 65,281 common shares by Adam Rothstein, with the securities acquired as compensation on several dates. Recent realized sales in August and September 2025 are disclosed with gross proceeds per transaction. Given the issuer's reported 65.56 million shares outstanding, the blocks disclosed here represent a small fraction of the outstanding base, suggesting this filing is a compliance disclosure rather than a material corporate development.

Corporate Governance Expert

TL;DR: Filing meets Rule 144 disclosure requirements; no undisclosed material adverse information claimed by the seller.

The signer asserts no material nonpublic information exists and notes the securities were obtained as compensation. The use of a major broker (Merrill Lynch) and the dates and amounts of prior sales are provided, satisfying transparency norms for insider dispositions. This filing does not, on its face, indicate governance changes or regulatory concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 75 Rockefeller Plz Flr 2 New York NY 10019	65281	506585.29	65559023	09/10/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/11/2022	Compensation	Adam Rothstein			54700	09/10/2025	Compensation
Common	02/14/2022	Compensation	Adam Rothstein			3357	09/10/2025	Compensation
Common	07/28/2024	Compensation	Adam Rothstein			1457	09/10/2025	Compensation
Common	11/08/2024	Compensation	Adam Rothstein			555	09/10/2025	Compensation
Common	06/29/2022	Compensation	Adam Rothstein			11940	09/10/2025	Compensation
Common	09/15/2022	Compensation	Adam Rothstein			12578	09/10/2025	Compensation
Common	12/09/2020	Compensation	Adam Rothstein			20400	09/10/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Adam Rothstein 200 Varick St Suite 801 New York NY 10014	Common	08/07/2025	74558	565224.16
Adam Rothstein 200 Varick St Suite 801 New York NY 10014	Common	08/08/2025	48430	361219.68
Adam Rothstein 200 Varick St Suite 801 New York NY 10014	Common	09/09/2025	34719	273527.81

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the RSVR Form 144 filed by Adam Rothstein disclose?

The filing discloses a proposed sale of 65,281 common shares through Merrill Lynch on 09/10/2025 with an aggregate market value of $506,585.29.

How many Reservoir Media (RSVR) shares are outstanding per the filing?

The Form 144 lists 65,559,023 shares outstanding.

Were the securities acquired or purchased by the seller?

The securities to be sold were acquired as compensation on multiple dates between 12/09/2020 and 07/28/2024.

Has Adam Rothstein sold any RSVR shares recently according to the filing?

Yes; the filing reports sales of 74,558 shares on 08/07/2025 ($565,224.16), 48,430 on 08/08/2025 ($361,219.68), and 34,719 on 09/09/2025 ($273,527.81).

Which broker is handling the proposed sale in the Form 144?

The broker named is Merrill Lynch at 75 Rockefeller Plaza, New York, NY.