Stephen M. Cook - Feb 17, 2023 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
Feb 17, 2023
Transactions value $
$4,998
Form type
4
Date filed
2/22/2023, 03:05 PM
Previous filing
Nov 25, 2022
Next filing
Jun 6, 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 $5K +715 +0.08% $6.99 901K Feb 17, 2023 Direct F1, F2
holding RSVR Common stock, $0.0001 par value 226K Feb 17, 2023 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 his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on July 28, 2023 (the "Settlement Date").
F2 The number of DSUs received was calculated based on $6.99, which was the closing price of the Issuer's Common Stock on the date of grant.