Reservoir Media director granted 1,231 stock units

Field Ezra S. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Field Ezra S. reported acquisition or exercise transactions in this Form 4 filing.

Reservoir Media, Inc. director Ezra S. Field reported receiving a grant of 1,231 Deferred Stock Units (DSUs) as part of his quarterly compensation for serving as a non-employee director. The DSUs were valued at $10.15 per unit, based on the company’s closing share price on the grant date.

Each DSU is economically equivalent to one share of common stock and is scheduled to be settled in actual shares on January 1, 2027. After this award, Field’s directly held equity position reported in this filing totals 175,243 shares and DSU equivalents.

Insider Trade Summary

Grant/Award: 1,231 shares

Grant/Award 1 txn

Insider Field Ezra S.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, $0.0001 par value	1,231	$10.15	$12K

Holdings After Transaction: Common stock, $0.0001 par value — 175,243 shares (Direct)

Footnotes (2)

1. F1. Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 1, 2027 (the "Settlement Date").
2. F2. The number of DSUs received was calculated based on $10.15, which was the closing price of the Issuer's Common Stock on the date of grant.

Key Figures

DSUs granted: 1,231 units Grant valuation price: $10.15 per unit Total holdings after grant: 175,243 shares/DSUs +1 more

4 metrics

DSUs granted 1,231 units Director quarterly compensation award

Grant valuation price $10.15 per unit Closing common stock price on grant date

Total holdings after grant 175,243 shares/DSUs Direct equity position following transaction

Settlement date January 1, 2027 DSUs convert into common shares

Key Terms

Deferred Stock Units, DSUs, 2021 Omnibus Incentive Plan, quarterly compensation, +1 more

5 terms

Deferred Stock Units financial

"Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

DSUs financial

"Each DSU is the economic equivalent of one share of common stock"

DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.

2021 Omnibus Incentive Plan financial

"awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan")"

quarterly compensation financial

"acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director"

settled in shares of Common Stock financial

"This issuance of DSUs will be settled in shares of Common Stock on January 1, 2027"

FAQ

What did Ezra S. Field report in his Form 4 for Reservoir Media (RSVR)?

Ezra S. Field reported receiving 1,231 Deferred Stock Units (DSUs) as part of his quarterly compensation for serving as a non-employee director, with each DSU economically equivalent to one Reservoir Media common share.

How were the 1,231 DSUs for Reservoir Media (RSVR) valued on the grant date?

The 1,231 Deferred Stock Units were calculated using a price of $10.15 per unit, which was the closing price of Reservoir Media’s common stock on the grant date, directly linking the award’s value to the market price.

When will Ezra S. Field’s DSUs in Reservoir Media (RSVR) be settled into shares?

The Deferred Stock Units are scheduled to be settled in shares of Reservoir Media common stock on January 1, 2027, meaning the director will receive actual shares on that settlement date instead of immediate share delivery.

Why did Ezra S. Field receive DSUs instead of cash from Reservoir Media (RSVR)?

Ezra S. Field elected to receive his quarterly compensation for serving as a non-employee director in the form of Deferred Stock Units rather than cash, aligning his compensation with Reservoir Media’s equity performance over time.

What is Ezra S. Field’s total reported equity position in Reservoir Media (RSVR) after this grant?

After receiving the 1,231 Deferred Stock Units, Ezra S. Field’s directly held equity position reported in this filing totals 175,243 shares and DSU equivalents, reflecting his combined direct ownership and deferred stock-based compensation.

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Accepted by SEC EDGAR 06/24/2026 - 09:48 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Field Ezra S.

(Last) (First) (Middle)

C/O RESERVOIR MEDIA, INC.

200 VARICK STREET, SUITE 801

(Street)

NEW YORK NEW YORK 10014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Reservoir Media, Inc. [ RSVR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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, $0.0001 par value	06/22/2026		A(1)		1,231(2)	A	$10.15	175,243	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

Explanation of Responses:

1. Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 1, 2027 (the "Settlement Date").

2. The number of DSUs received was calculated based on $10.15, which was the closing price of the Issuer's Common Stock on the date of grant.

	/s. James A. Heindlmeyer, as attorney-in-fact for Ezra S. Field	06/24/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)