| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RSVR | Common stock, $0.0001 par value | Award | $0 | +11.2K | +7.97% | $0.00 | 152K | Aug 9, 2024 | Direct | F1 |
| transaction | RSVR | Common stock, $0.0001 par value | Award | $12.5K | +1.76K | +1.15% | $7.12 | 154K | Aug 9, 2024 | Direct | F2, F3 |
| 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 July 28, 2025, subject to 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 of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 1, 2025 (the "Settlement Date"). |
| F3 | The number of DSUs received was calculated based on $7.12, which was the closing price of the Issuer's Common Stock on the date of grant. |