Reservoir Media (RSVR) grants director RSUs and DSUs

Rhea-AI Filing Summary

Reservoir Media, Inc. (RSVR) reported that director Adam Rothstein received equity-based compensation. He acquired 502 Deferred Stock Units (DSUs), elected in lieu of cash quarterly director fees, valued using the $9.96 closing share price and settling in common stock on January 1, 2027. He also received 8,032 Restricted Stock Units (RSUs) that each represent one share of common stock and will vest on July 28, 2027, subject to his continued service on the board.

Insider Trade Summary

Net Buyer: 8,534 shares

Net Buy 2 txns

Insider Rothstein Adam

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, $0.0001 par value F1, F2	502	$9.96	$5K
Grant/Award	Common stock, $0.0001 par value F3	8,032	$0.00	$0.00

Holdings After Transaction: Common stock, $0.0001 par value — 87,910 shares (Direct)

Footnotes (3)

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 $9.96, which was the closing price of the Issuer's Common Stock on the date of grant.
3. F3. Represents Restricted Stock Units ("RSUs") awarded under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest on July 28, 2027, subject to Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.

Key Figures

Deferred Stock Units awarded: 502 shares DSU valuation price: $9.96 per share DSU settlement date: January 1, 2027 +2 more

5 metrics

Deferred Stock Units awarded 502 shares DSUs granted as non-employee director quarterly compensation, each equivalent to one share of common stock

DSU valuation price $9.96 per share Closing price of Reservoir Media, Inc. common stock on the DSU grant date used to calculate units

DSU settlement date January 1, 2027 Date on which the DSUs will be settled in shares of common stock

Restricted Stock Units awarded 8,032 shares RSUs granted under the 2021 Omnibus Incentive Plan, each representing one share of common stock

RSU vesting date July 28, 2027 RSUs vest on this date, subject to continued service on the board of directors

Key Terms

Deferred Stock Units ("DSUs"), Restricted Stock Units ("RSUs"), 2021 Omnibus Incentive Plan, Settlement Date

4 terms

Deferred Stock Units ("DSUs") financial

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

Restricted Stock Units ("RSUs") financial

"Represents Restricted Stock Units ("RSUs") awarded under the Plan. Each RSU represents"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2021 Omnibus Incentive Plan financial

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

Settlement Date financial

"This issuance of DSUs will be settled in shares of Common Stock on January 1, 2027 (the "Settlement Date")."

The settlement date is the day when a securities trade is finalized: the buyer’s cash is delivered and the seller’s shares or bonds are transferred into the buyer’s account. Think of it like the closing day of a purchase, when ownership and payment officially change hands; until then the trade exists as an agreement but not as completed property transfer. Investors care because payment timing affects cash availability, record of ownership, dividends, and legal rights tied to the asset.

FAQ

What insider transactions did RSVR director Adam Rothstein report on this Form 4?

Adam Rothstein reported two equity awards: 502 Deferred Stock Units as quarterly director compensation and 8,032 Restricted Stock Units. Both represent rights to receive Reservoir Media, Inc. common stock at future dates, subject to specified settlement and vesting conditions.

How many Deferred Stock Units did RSVR grant to Adam Rothstein and on what terms?

Reservoir Media, Inc. granted Rothstein 502 DSUs under its 2021 Omnibus Incentive Plan. These DSUs were received instead of cash quarterly director fees, valued using the $9.96 closing share price, and will settle in shares of common stock on January 1, 2027.

What are the details of the 8,032 RSUs granted to Adam Rothstein by RSVR?

Rothstein received 8,032 RSUs, each representing a contingent right to one share of common stock. The RSUs vest on July 28, 2027, provided he continues serving on Reservoir Media, Inc.’s board of directors through that date under the 2021 Omnibus Incentive Plan.

Why did Adam Rothstein receive 502 DSUs from Reservoir Media, Inc. (RSVR)?

He received 502 DSUs as part of his quarterly compensation for serving as a non-employee director. Rothstein elected to take his director fees in DSUs rather than cash, aligning part of his compensation with Reservoir Media, Inc.’s common stock performance.

At what price were Adam Rothstein’s DSUs for RSVR valued on the grant date?

The 502 DSUs were calculated using a value of $9.96 per share, equal to the closing price of Reservoir Media, Inc.’s common stock on the grant date. This price determined how many DSUs Rothstein received for his elected quarterly director compensation.

When will Adam Rothstein’s DSUs and RSUs in RSVR convert into common stock?

The 502 DSUs will be settled in common stock on January 1, 2027. The 8,032 RSUs will vest, and thus become payable in shares, on July 28, 2027, assuming Rothstein continues serving on Reservoir Media, Inc.’s board until that date.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 08:34 PM Accepted by SEC EDGAR 08/18/2026 - 08:33 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^*

Rothstein Adam

(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)
08/14/2026

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	08/14/2026		A(1)		502	A	$9.96(2)	79,878	D
Common stock, $0.0001 par value	08/14/2026		A(3)		8,032	A	$0	87,910	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 $9.96, which was the closing price of the Issuer's Common Stock on the date of grant.

3. Represents Restricted Stock Units ("RSUs") awarded under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest on July 28, 2027, subject to Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.

	/s/ James A. Heindlmeyer, as attorney-in-fact for Adam Rothstein	08/18/2026
	** 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)