Adam Rothstein - 22 Nov 2022 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role
Director
Signature
/s/ Golnar Khosrowshahi, as attorney-in-fact for Adam Rothstein
Issuer symbol
RSVR
Transactions as of
22 Nov 2022
Net transactions value
$0
Form type
4
Filing time
25 Nov 2022, 19:46:38 UTC
Previous filing
19 Sep 2022
Next filing
06 Dec 2022
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 +0.33% $0.000000 248,684 22 Nov 2022 Direct F1, F2
* 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 January 1, 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 Issuer's Common Stock on the date of grant.