Adam Rothstein - 02 Jun 2023 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
02 Jun 2023
Net transactions value
+$4,997
Form type
4
Filing time
06 Jun 2023, 16:22:25 UTC
Previous filing
25 May 2023
Next filing
06 Jun 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 $4,997 +764 +0.31% $6.54 250,163 02 Jun 2023 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 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 January 2, 2024 (the "Settlement Date")
F2 The number of DSUs received was calculated based on $6.54, which was the closing price of the Issuer's Common Stock on the date of grant.