Director at Versant Media (VSNT) granted 5,119 deferred stock units

Rhea-AI Filing Summary

NOVAK DAVID C reported acquisition or exercise transactions in this Form 4 filing.

Versant Media Group, Inc. director David C. Novak reported an award of 5,119 deferred restricted stock units (DRSUs), each tied to one share of Class A Common Stock at a reference price of $36.14 per unit. After this compensation grant, he holds 163,679 shares or share-equivalent units in total. The DRSUs will vest in full on the earlier of June 26, 2027, or the company’s 2027 annual meeting of shareholders, and settlement into shares is deferred until his separation from service or certain specified events.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NOVAK DAVID C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	5,119	$36.14	$185K

Holdings After Transaction: Class A Common Stock — 163,679 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

DRSUs granted: 5,119 units Grant reference price: $36.14 per unit Total holdings after award: 163,679 shares/units +2 more

5 metrics

DRSUs granted 5,119 units Deferred restricted stock units awarded to director on June 26, 2026

Grant reference price $36.14 per unit Price per Class A Common Stock unit associated with the DRSUs

Total holdings after award 163,679 shares/units Director’s reported Class A Common Stock position following the grant

Vesting date June 26, 2027 Vests on this date or the 2027 annual shareholder meeting, whichever is earlier

Settlement timing At separation or specified events Settlement deferred until separation, change in control, death, or disability

Key Terms

deferred restricted stock units, Class A Common Stock, change in control, separation from service

4 terms

deferred restricted stock units financial

"Represents deferred restricted stock units ("DRSUs"). Each DRSU represents a contingent right to receive one share..."

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

Class A Common Stock financial

"Each DRSU represents a contingent right to receive one share of Class A Common Stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

change in control financial

"Settlement...until the earliest to occur of (i) a change in control, (ii) the Reporting Person's death..."

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

separation from service financial

"Settlement of the DRSUs has been deferred until the Reporting Person's separation from service or the earliest to occur..."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 05:09 PM Accepted by SEC EDGAR 06/29/2026 - 05:09 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^*

NOVAK DAVID C

(Last) (First) (Middle)

C/O VERSANT MEDIA GROUP, INC.

229 WEST 43RD STREET

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Versant Media Group, Inc. [ VSNT ]

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)
06/26/2026

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
Class A Common Stock	06/26/2026		A		5,119(1)	A	$36.14	163,679	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 restricted stock units ("DRSUs"). Each DRSU represents a contingent right to receive one share of Class A Common Stock. The DRSUs will vest in full on the earlier of June 26, 2027, or the Company's 2027 annual meeting of shareholders. Settlement of the DRSUs has been deferred until the Reporting Person's separation from service or the earliest to occur of (i) a change in control, (ii) the Reporting Person's death, or (iii) the Reporting Person's disability.

Remarks:

	/s/ Jordan R. Fasbender, as Attorney-in-Fact	06/29/2026
	** 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)

FAQ

What insider transaction did Versant Media Group (VSNT) disclose on this Form 4?

Versant Media Group director David C. Novak reported receiving 5,119 deferred restricted stock units. Each DRSU represents a contingent right to one share of Class A Common Stock as part of his equity-based compensation.

Is the Versant Media (VSNT) Form 4 transaction a stock purchase or a grant?

The Form 4 reflects a grant of 5,119 deferred restricted stock units, not an open-market stock purchase. These units are an equity award that will convert into shares later if vesting and settlement conditions are met.

When do David C. Novak’s Versant Media (VSNT) DRSUs vest and settle?

The 5,119 deferred restricted stock units vest in full on the earlier of June 26, 2027, or Versant Media’s 2027 annual shareholder meeting. Settlement into Class A Common Stock is deferred until separation from service or specific events like change in control, death, or disability.

How many Versant Media (VSNT) shares or units does the director hold after this award?

Following the award, David C. Novak’s reported holdings total 163,679 shares or share-equivalent units of Class A Common Stock. This figure includes the newly granted 5,119 deferred restricted stock units disclosed in the Form 4 filing.

What does each deferred restricted stock unit represent for Versant Media (VSNT)?

Each deferred restricted stock unit represents a contingent right to receive one share of Versant Media Class A Common Stock. The units must first vest and then will be settled into shares upon separation or specified triggering events described in the award terms.