Reservoir Media (RSVR) Director Reports Multi-Trade Sales Totaling 122,988 Shares

Rhea-AI Filing Summary

Adam Rothstein, a director of Reservoir Media, Inc. (RSVR), reported multiple sales of common stock executed on 08/07/2025 and 08/08/2025. The Form 4 shows grouped weighted average sale prices of $7.6199, $7.6277, $7.4891 and $7.5435 and indicates the trades were executed in multiple transactions within the reported price ranges.

Across the two days the filings report a total of 122,988 shares sold and a remaining direct beneficial ownership of 166,465 shares. The filer offers to provide per-trade details on request; no derivative transactions or transaction purposes are stated in the form.

Positive

• Timely Section 16 disclosure: the Form 4 reports insider sales and provides price ranges and weighted average prices.
• Detailed trade disclosure offered: the reporting person commits to provide per-trade sale information upon request.

Negative

• Substantial insider sales: the filing reports 122,988 shares sold over two days, which reduced direct holdings to 166,465 shares.
• No reason disclosed: the Form 4 does not state the purpose of the sales or whether they were made under a pre-arranged plan.

Insights

Financial Analyst

Director sold 122,988 RSVR shares over two days; holdings now 166,465 — routine disclosure, neutral impact without context.

The Form 4 reports four grouped sales on 08/07/2025 and 08/08/2025 totaling 122,988 shares with weighted average prices between $7.4891 and $7.6277. The filing discloses post-transaction direct beneficial ownership of 166,465 shares and provides per-trade price ranges on request. Absent information on total outstanding shares, ownership percentage or the transaction rationale, the filing documents compliance with Section 16 reporting but does not by itself indicate a material change to company fundamentals.

Corporate Governance Expert

Form 4 shows compliant insider sales by a director with granular price ranges disclosed; no reasons or 10b5-1 plan stated.

The report identifies Adam Rothstein as the reporting person and marks the transactions as direct sales. The explanation section provides price ranges for each grouped sale and the filer commits to provide detailed trade information to regulators or security holders on request. The form does not disclose any contractual plan or the purpose of the sales, nor any derivative activity, limiting governance conclusions to accurate disclosure rather than motive.

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
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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 NY 10014

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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

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

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

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	08/07/2025		S		64,891(1)	D	$7.6199	224,562	D
Common stock, $0.0001 par value	08/07/2025		S		9,667(2)	D	$7.6277	214,895	D
Common stock, $0.0001 par value	08/08/2025		S		40,000(3)	D	$7.4891	174,895	D
Common stock, $0.0001 par value	08/08/2025		S		8,430(4)	D	$7.5435	166,465	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. The sales were executed in multiple trades at prices ranging from $7.56 to $7.81. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.

2. The sales were executed in multiple trades at prices ranging from $7.60 to $7.77. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.

3. The sales were executed in multiple trades at prices ranging from $7.455 to $7.630. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.

4. The sales were executed in multiple trades at prices ranging from $7.50 to $7.66. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.

	/s/ James A. Heindlmeyer, as attorney-in-fact for Adam Rothstein	08/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

Who filed the Form 4 for Reservoir Media (RSVR)?

Adam Rothstein, identified as a director, is the reporting person; the filing is signed by an attorney-in-fact on his behalf.

What transactions does the RSVR Form 4 report?

Multiple sales of common stock executed on 08/07/2025 and 08/08/2025, reported in four grouped entries with weighted average prices.

How many shares were sold and what were the reported prices?

The filing reports a total of 122,988 shares sold across the grouped entries with weighted average prices of $7.6199, $7.6277, $7.4891, and $7.5435; price ranges for each group are provided in the explanations.

What is the reporting person’s beneficial ownership after the transactions?

The Form 4 reports 166,465 shares beneficially owned directly following the reported sales.

Were any derivative securities reported in the Form 4 for RSVR?

No. Table II for derivative securities contains no entries.