Reservoir Media (RSVR) insider sale notice — 48,430 shares via Merrill Lynch

Rhea-AI Filing Summary

Reservoir Media (RSVR) insiders have filed a Form 144 disclosing a proposed sale of 48,430 common shares through Merrill Lynch on the NASDAQ, with an aggregate market value listed at $361,055.80. The company has 65,302,651 shares outstanding, so the proposed sale represents a small fraction of the total share count. The filing lists multiple lots of the shares being sold as acquired as compensation on various dates between 12/09/2020 and 07/28/2024.

The notice also reports a prior sale by the same person: 74,558 shares sold on 08/07/2025 for $565,059.03. The filer certifies they are not aware of any undisclosed material adverse information about the issuer. All transactions are disclosed with broker details and acquisition dates; no other financial results or forward-looking comments are included in the filing.

Insights

Securities Analyst

TL;DR Insider reports a routine Form 144 to sell 48,430 shares; transaction size is small relative to outstanding shares.

The Form 144 shows a proposed market sale of 48,430 common shares via Merrill Lynch with an aggregate market value of $361,055.80 and lists prior dispositions totaling 74,558 shares sold for $565,059.03. Acquisitions reported are compensation-based grants on specific dates from 2020 through 2024, which explains the provenance of the shares. From a trading-volume and dilution perspective, the disclosed amounts are modest versus the reported 65,302,651 shares outstanding, indicating limited direct impact on capitalization metrics.

Corporate Governance Expert

TL;DR The filing is a standard insider sale notice that provides transparent detail on acquisition dates and broker execution.

The Form 144 documents the seller's representation that no material nonpublic information is known, and it details the broker (Merrill Lynch), exchange (NASDAQ), and precise lot-level acquisition dates and amounts, all of which support regulatory compliance and disclosure integrity. While insider sales can attract attention, the filing's completeness and the modest size relative to 65.3M outstanding shares suggest this is a routine disclosure rather than a governance red flag.

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	48430	361055.80	65302651	08/08/2025	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	12/09/2020	Compensation	Adam Rothstein			7699	08/08/2025	Compensation
Common	07/15/2021	Compensation	Adam Rothstein			25000	08/08/2025	Compensation
Common	07/22/2021	Compensation	Adam Rothstein			5021	08/08/2025	Compensation
Common	07/23/2021	Compensation	Adam Rothstein			25979	08/08/2025	Compensation
Common	06/23/2021	Compensation	Adam Rothstein			10000	08/08/2025	Compensation
Common	07/28/2024	Compensation	Adam Rothstein			14953	08/08/2025	Compensation
Common	02/11/2022	Compensation	Adam Rothstein			41345	08/08/2025	Compensation
Common	02/14/2022	Compensation	Adam Rothstein			19240	08/08/2025	Compensation
Common	12/30/2022	Compensation	Adam Rothstein			1572	08/08/2025	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 10114	Common	08/07/2025	74558	565059.03

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 disclose about the planned sale?

The filing discloses a proposed sale of 48,430 common shares via Merrill Lynch on the NASDAQ with an aggregate market value of $361,055.80.

Who is the person selling shares in the RSVR Form 144?

The sales relate to shares for the account of Adam Rothstein, with lot-level acquisitions reported as compensation on multiple dates.

How many shares outstanding does Reservoir Media report in the filing?

The filing lists 65,302,651 shares outstanding.

Were there recent sales by the same person in the last three months?

Yes. The filing reports a sale on 08/07/2025 of 74,558 shares for $565,059.03.

How were the shares being sold originally acquired according to the filing?

The filing shows the shares were acquired as compensation on several dates between 12/09/2020 and 07/28/2024.