Adam Rothstein - Sep 15, 2022 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role
Director
Signature
/s/ Golnar Khosrowshahi, as attorney-in-fact for Adam Rothstein
Stock symbol
RSVR
Transactions as of
Sep 15, 2022
Transactions value $
$0
Form type
4
Date filed
9/19/2022, 08:54 PM
Previous filing
Sep 6, 2022
Next filing
Nov 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSVR Common stock, $0.0001 par value Award $0 +12.6K +5.38% $0.00 246K Sep 15, 2022 Direct F1
transaction RSVR Common stock, $0.0001 par value Award $0 +1.57K +0.64% $0.00 248K Sep 15, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest on September 15, 2023, subject to the Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.
F2 Represents Deferred Stock Units ("DSUs") awarded under the Plan. Each DSU is the economic equivalent of one share of Common Stock. The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director. The Reporting Person elected to receive payment of their quarterly compensation in DSUs in lieu of cash. The DSUs will be settled in shares of Common Stock on January 1, 2023, subject to the Reporting Person's continued service on the Board on such date.
F3 The number of DSUs received was calculated based on $6.36, which was the closing price of the Issuer's Common Stock on the date of grant.