Erick Opeka - 25 Apr 2025 Form 4 Insider Report for Cineverse Corp. (CNVS)

Role
CSO and President
Signature
/s/ Erick Opeka
Issuer symbol
CNVS
Transactions as of
25 Apr 2025
Net transactions value
-$136,950
Form type
4
Filing time
29 Apr 2025, 21:05:09 UTC
Previous filing
26 Apr 2024
Next filing
05 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNVS Class A Common Stock Options Exercise +45,833 +24% 239,796 25 Apr 2025 Direct F1, F2
transaction CNVS Class A Common Stock Tax liability $136,950 -45,650 -19% $3.00 194,146 25 Apr 2025 Direct F2, F3

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
transaction CNVS Restricted Stock Unit Options Exercise $0 -45,833 -33% $0.000000 91,667 25 Apr 2025 Class A Common Stock 45,833 Direct F1
holding CNVS Stock Appreciation Right (Right to buy) 17,750 25 Apr 2025 Class A Common Stock 17,750 $23.20 Direct F4
holding CNVS Stock Appreciation Right (Right to buy) 60,000 25 Apr 2025 Class A Common Stock 60,000 $12.80 Direct F5
holding CNVS Stock Appreciation Right (Right to buy) 75,000 25 Apr 2025 Class A Common Stock 75,000 $5.80 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 45,833 vest on April 25 of each of 2025 and 2026 and 45,834 vest on April 25, 2027.
F2 Includes 91,667 shares of restricted stock that vest as follows: 45,833 vest on April 25, 2026 and 45,834 vest on April 25, 2027.
F3 Constitutes shares delivered in payment of tax liability incident to the vesting of restricted shares and restricted stock units.
F4 One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021
F5 Of such stock appreciation rights, 25,000 vested on March 31, 2022, 25,000 vested on March 31, 2023 and 10,000 vest on December 31, 2023.
F6 Of such stock appreciation rights, 25,000 vest on May 16, 2024, 25,000 vest on May 1, 2025 and 25,000 vest on May 1, 2026.