Reservoir Media (RSVR) director elects quarterly pay in DSU stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Rothstein Adam reported acquisition or exercise transactions in this Form 4 filing.

Reservoir Media, Inc. director Adam Rothstein reported receiving 492 Deferred Stock Units (DSUs) of common stock as part of his quarterly compensation for service as a non-employee director. He elected to take this compensation in DSUs instead of cash, based on a stock closing price of $10.15 per share on the grant date.

Each DSU is economically equivalent to one share of common stock and will be settled in actual shares on January 1, 2027. Following this compensation-related award, Rothstein now directly holds a total of 79,376 shares and DSUs, reflecting ongoing equity-based alignment with the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rothstein Adam

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common stock, $0.0001 par value	492	$10.15	$5K

Holdings After Transaction: Common stock, $0.0001 par value — 79,376 shares (Direct, null)

Footnotes (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"). 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: 492 units Grant calculation price: $10.15 per share Holdings after transaction: 79,376 shares/DSUs +1 more

4 metrics

DSUs granted 492 units Quarterly director compensation award

Grant calculation price $10.15 per share Closing price on grant date used to determine DSU count

Holdings after transaction 79,376 shares/DSUs Total direct position following the award

Settlement date January 1, 2027 Date DSUs will be settled in common shares

Key Terms

Deferred Stock Units ("DSUs"), Omnibus Incentive Plan, quarterly compensation, Settlement Date

4 terms

Deferred Stock Units ("DSUs") financial

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

Omnibus Incentive Plan financial

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

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

quarterly compensation financial

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

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/24/2026 - 09:48 PM Accepted by SEC EDGAR 06/24/2026 - 09:48 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^*

Rothstein Adam

(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
	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)
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	06/22/2026		A⁽¹⁾		492⁽²⁾	A	$10.15	79,376	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 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 Adam Rothstein	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Reservoir Media (RSVR) report for Adam Rothstein?

Reservoir Media director Adam Rothstein received 492 Deferred Stock Units as quarterly compensation. These DSUs are equivalent to common shares and were granted instead of cash, reflecting routine, compensation-related equity rather than an open-market stock purchase or sale.

At what price were Adam Rothstein’s Reservoir Media DSUs calculated?

The number of DSUs was calculated using a share price of $10.15. This figure represents the closing price of Reservoir Media’s common stock on the grant date and determined how many stock units matched his quarterly director compensation.

How many Reservoir Media shares does Adam Rothstein hold after this Form 4?

After the DSU award, Adam Rothstein directly holds 79,376 shares and DSUs of Reservoir Media common stock. This total includes the 492 Deferred Stock Units granted as part of his quarterly compensation for serving as a non-employee director.

When will Adam Rothstein’s Reservoir Media DSUs be settled into shares?

The 492 Deferred Stock Units granted to Adam Rothstein will be settled in shares of Reservoir Media common stock on January 1, 2027. Until that settlement date, they function as stock-denominated compensation units equivalent in value to common shares.

Did Adam Rothstein buy or sell Reservoir Media stock on the open market?

No open-market trade occurred; Rothstein received a grant of 492 DSUs as compensation. The Form 4 characterizes the transaction as a grant or award acquisition, reflecting equity-based pay rather than discretionary share buying or selling in the market.