Stephen M. Cook - Nov 8, 2024 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role
Director
Signature
/s/ James A. Heindlmeyer, as attorney-in-fact for Stephen M. Cook
Stock symbol
RSVR
Transactions as of
Nov 8, 2024
Transactions value $
$4,995
Form type
4
Date filed
11/12/2024, 04:20 PM
Previous filing
Aug 13, 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 +555 +0.06% $9.00 932K Nov 8, 2024 Direct F1, F2
holding RSVR Common stock, $0.0001 par value 226K Nov 8, 2024 Owned by BTCSJC Music LLC
* 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 Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). 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. The DSUs will be settled in shares of Common Stock on July 28, 2025.
F2 The number of DSUs received was calculated based on $9.00, which was the closing price of the Issuer's Common Stock on the date of grant.