Christopher J. Mcgurk - Aug 17, 2023 Form 4 Insider Report for Cineverse Corp. (CNVS)

Role
CEO and Chairman, Director
Signature
/s/ Christopher J. McGurk
Stock symbol
CNVS
Transactions as of
Aug 17, 2023
Transactions value $
$100,055
Form type
4
Date filed
8/21/2023, 03:26 PM
Previous filing
Aug 3, 2023
Next filing
Apr 26, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNVS Class A Common Stock Award $52.2K +47K +245.87% $1.11 66.1K Aug 17, 2023 By Christopher and Jamie McGurk Living Trust F1, F2
transaction CNVS Class A Common Stock Award $47.9K +37.4K +56.58% $1.28 104K Aug 18, 2023 By Christopher and Jamie McGurk Living Trust F2, F3
holding CNVS Class A Common Stock 293K Aug 17, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CNVS Stock Option (Right to buy) 7.5K Aug 17, 2023 Class A Common Stock 7.5K $280.00 Direct F4
holding CNVS Stock Appreciation Right 35K Aug 17, 2023 Class A Common Stock 35K $29.40 Direct F5
holding CNVS Stock Appreciation Right 125K Aug 17, 2023 Class A Common Stock 125K $10.80 Direct F6
holding CNVS Stock Appreciation Right 125K Aug 17, 2023 Class A Common Stock 125K $9.60 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.03 to $1.16, inclusive. The reporting person undertakes to provide Cineverse Corp., any security holder of Cineverse Corp. or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.165 to $1.37, inclusive. The reporting person undertakes to provide Cineverse Corp., any security holder of Cineverse Corp. or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 One-third of the options vested on March 31 of each of 2015, 2016 and 2017.
F5 One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
F6 62,500 of the stock appreciation rights vested on November 19, 2020 and 62,500 of the stock appreciation rights vested on March 31, 2023.
F7 Of the stock appreciation rights, 41,666 vested on April 1, 2023, 41,666 vest on April 1, 2024 and 41,668 vest on April 1, 2025.