Versant Media Group (VSNT) CFO gets 108,784-share RSU grant and holding fix
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Versant Media Group, Inc. reported that CFO and COO Anand Kini acquired 108,784 shares of Class A Common Stock through a grant of restricted stock units on March 5, 2026. These RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, conditioned on continued service with the company.
Following this award and an adjustment to correct a prior overreporting of three converted RSUs related to Comcast Corporation’s pro-rata spin-off distribution of Versant Class A Common Stock, Kini now holds 415,335 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kini Anand
Role
CFO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 108,784 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 415,335 shares (Direct)
Footnotes (1)
- Represents the grant of restricted stock units with respect to Versant Media Group, Inc. ("Versant") Class A Common Stock ("RSUs") under the Versant Omnibus Equity Incentive Plan to the Reporting Person on March 5, 2026 (the "Grant Date"). The RSUs shall vest ratably on each of the first three anniversaries of the Grant Date, subject to the Reporting Person's continued service with the Issuer. Total holdings have been adjusted to correct the overreporting of three (3) adjusted and converted RSUs received by the Reporting Person in connection with Comcast Corporation's pro-rata spinoff distribution of Versant's Class A Common Stock.
FAQ
What insider transaction did Versant Media Group (VSNT) report for Anand Kini?
Versant Media Group reported that CFO and COO Anand Kini received a grant of 108,784 restricted stock units tied to Class A Common Stock on March 5, 2026. This non-cash award increased his directly held shares to 415,335 after related adjustments.
How do Anand Kini’s new Versant (VSNT) RSUs vest over time?
Anand Kini’s 108,784 restricted stock units vest ratably over three years. One-third of the RSUs vests on each of the first three anniversaries of the March 5, 2026 grant date, provided he continues his service with Versant Media Group during that period.
Was Anand Kini’s Versant (VSNT) Form 4 transaction a purchase or a grant?
The Form 4 describes a grant or award acquisition, not an open-market purchase. Kini received 108,784 restricted stock units at a stated price of $0.0000 per share under the Versant Omnibus Equity Incentive Plan, as part of his compensation package.
Why were Anand Kini’s Versant (VSNT) holdings adjusted by three RSUs?
His total holdings were adjusted to correct an overreporting of three adjusted and converted RSUs. These RSUs were received in connection with Comcast Corporation’s pro-rata spin-off distribution of Versant Class A Common Stock, and the correction is reflected in the updated share total.