What price was used for the Reservoir Media (RSVR) tax-withholding share dispositions?

Both tax-withholding dispositions used a price of $10.32 per share. This price applies to the 51,911 and 68,219 common shares withheld to satisfy Rell Q. Lafargue Jr.’s tax withholding obligations on vested restricted stock units.

Reservoir Media (RSVR) President and COO reports tax-withheld share dispositions

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Reservoir Media, Inc. director and President/COO Rell Q. Lafargue Jr. reported two routine tax-related share dispositions. On common stock vesting from restricted stock units, the company withheld 51,911 shares and 68,219 shares at a price of $10.32 per share to cover his tax withholding obligations. These Form 4 transactions were coded as tax-withholding dispositions rather than open-market sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lafargue Rell Q. Jr.

Role President and COO

Type	Security	Shares	Price	Value
Tax Withholding	Common stock, $0.0001 par value	68,219	$10.32	$704K
Tax Withholding	Common stock, $0.0001 par value	51,911	$10.32	$536K

Holdings After Transaction: Common stock, $0.0001 par value — 507,847 shares (Direct, null)

Footnotes (1)

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Key Figures

Tax-withheld shares (total): 120,130 shares First tax-withholding lot: 51,911 shares Second tax-withholding lot: 68,219 shares +3 more

6 metrics

Tax-withheld shares (total) 120,130 shares Common stock used to cover tax withholding obligations

First tax-withholding lot 51,911 shares Common stock withheld in one F-code transaction

Second tax-withholding lot 68,219 shares Common stock withheld in another F-code transaction

Price per share $10.32 per share Applied to both tax-withholding dispositions

Holdings after first transaction 455,936 shares Common stock reported following first tax-withholding disposition

Holdings after second transaction 507,847 shares Common stock reported following second tax-withholding disposition

Key Terms

Form 4, restricted stock units, tax withholding obligations, non-derivative, +1 more

5 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

restricted stock units financial

"in connection with the vesting of restricted stock units to cover"

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.

tax withholding obligations financial

"to cover the Reporting Person's tax withholding obligations."

non-derivative financial

""transaction_type": "non-derivative""

transaction code F regulatory

""transaction_code": "F""

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Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 09:59 PM

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^*

Lafargue Rell Q. Jr.

(Last)

(First)

(Middle)

C/O RESERVOIR MEDIA, INC.

200 VARICK STREET, SUITE 801

(Street)

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
X	Officer (give title below)	Other (specify below)
	President and COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/31/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock, $0.0001 par value	05/31/2026		F		68,219⁽¹⁾	D	$10.32	507,847	D
Common stock, $0.0001 par value	05/31/2026		F		51,911⁽¹⁾	D	$10.32	455,936	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of common stock withheld by Reservoir Media, Inc. in connection with the vesting of restricted stock units to cover the Reporting Person's tax withholding obligations.

	/s/ James A. Heindlmeyer, as attorney-in-fact for Rell Q. Lafargue, Jr.	06/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Reservoir Media (RSVR) report for Rell Q. Lafargue Jr.?

Reservoir Media reported that Rell Q. Lafargue Jr. had shares withheld in two transactions coded as tax-withholding dispositions. In total, 120,130 common shares were used to cover tax obligations tied to vesting restricted stock units.

Were the Reservoir Media (RSVR) insider transactions open-market sales?

No, the transactions were not open-market sales. Both were coded with transaction code F, meaning shares were withheld by the company solely to pay exercise price or tax liabilities associated with equity awards vesting.

How many Reservoir Media (RSVR) shares were withheld for Rell Q. Lafargue Jr.’s taxes?

A total of 120,130 common shares were withheld to cover tax obligations. This consisted of 51,911 shares in one transaction and 68,219 shares in another, both linked to restricted stock unit vesting.

What does transaction code F mean in the Reservoir Media (RSVR) Form 4 filing?

Transaction code F in this Form 4 indicates payment of exercise price or tax liability by delivering securities. Here, it shows Reservoir Media withheld common shares from vested restricted stock units to satisfy Rell Q. Lafargue Jr.’s tax withholding obligations.

Does the Reservoir Media (RSVR) Form 4 show remaining holdings for Rell Q. Lafargue Jr.?

Yes. Each reported transaction lists common stock holdings following the disposition, with totals shown as part of the Form 4 data. These figures reflect direct ownership after shares were withheld for tax obligations related to equity award vesting.