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

Role
Director
Signature
/s/ Golnar Khosrowshahi, as attorney-in-fact for Stephen M. Cook
Stock symbol
RSVR
Transactions as of
Nov 22, 2022
Transactions value $
$0
Form type
4
Date filed
11/25/2022, 07:24 PM
Previous filing
Sep 19, 2022
Next filing
Feb 22, 2023

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% $0.00 900K Nov 22, 2022 Direct F1, F2
holding RSVR Common stock, $0.0001 par value 226K Nov 22, 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.