Rell Q. Lafargue Jr. - May 31, 2022 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role
President and COO, Director
Signature
/s/ Golnar Khosrowshahi, as attorney-in-fact for Rell Q. Lafargue, Jr.
Stock symbol
RSVR
Transactions as of
May 31, 2022
Transactions value $
-$403,176
Form type
4
Date filed
6/7/2023, 06:10 PM
Previous filing
Feb 18, 2022
Next filing
Jul 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSVR Common stock, $0.0001 par value Tax liability -$95.1K -12.8K -18.87% $7.46 54.8K May 31, 2022 Direct F1, F2
transaction RSVR Common stock, $0.0001 par value Tax liability -$225K -34.5K -18.18% $6.51 155K May 31, 2023 Direct F1
transaction RSVR Common stock, $0.0001 par value Tax liability -$83.4K -12.8K -6.32% $6.51 190K May 31, 2023 Direct F1
transaction RSVR Common stock, $0.0001 par value Award $0 +177K +113.94% $0.00 332K Jun 3, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld by Reservoir Media, Inc. in connection with the vesting of restricted stock units to cover the Reporting Person's tax withholding obligations.
F2 As a result of the delayed reporting of this transaction, the total amount of securities beneficially owned following the transaction reported in the Form 4 filed on 7/08/22 on behalf of the reporting person was incorrect. The correct amount of securities beneficially owned following such transaction was 202,599 shares
F3 Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share, of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest in two equal installments on May 31, 2024 and May 31, 2025, respectively, subject to the Reporting Person's continued service to the Issuer on such date.