Adam Rothstein - Jun 7, 2024 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role: Director
Signature: /s/ James A. Heindlmeyer, as attorney-in-fact for Adam Rothstein
Stock symbol: RSVR
Transactions as of: Jun 7, 2024
Transactions value $: $4,997
Form type: 4
Date filed: 6/11/2024, 04:25 PM
Previous filing: Jun 4, 2024
Next filing: Jun 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RSVR	Common stock, $0.0001 par value	Award	$5K	+639	+0.24%	$7.82	268K	Jun 7, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 of the Issuer. The Reporting Person elected to receive payment of their quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 2, 2025 (the "Settlement Date").
F2	The number of DSUs received was calculated based on $7.82, which was the closing price of the Issuer's Common Stock on the date of grant.

Content

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 of the Issuer. The Reporting Person elected to receive payment of their quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 2, 2025 (the "Settlement Date").

The number of DSUs received was calculated based on $7.82, which was the closing price of the Issuer's Common Stock on the date of grant.