Stephen M. Cook - 22 Nov 2022 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role: Director
Signature: /s/ Golnar Khosrowshahi, as attorney-in-fact for Stephen M. Cook
Issuer symbol: RSVR
Transactions as of: 22 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Nov 2022, 19:24:23 UTC
Previous filing: 19 Sep 2022
Next filing: 22 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RSVR	Common stock, $0.0001 par value	Award	$0	+820	+0.09%	$0.000000	900,345	22 Nov 2022	Direct	F1, F2
holding	RSVR	Common stock, $0.0001 par value						226,089	22 Nov 2022	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. 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 September 15, 2023, subject to the Reporting Person's continued service on the Board on such date.
F2	The number of DSUs received was calculated based on $6.10, which was the closing price of the Issuers Common Stock on the date of grant.

Content

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. 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 September 15, 2023, subject to the Reporting Person's continued service on the Board on such date.

The number of DSUs received was calculated based on $6.10, which was the closing price of the Issuers Common Stock on the date of grant.