Golnar Khosrowshahi - 31 Mar 2023 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role
Chief Executive Officer, Director
Signature
/s/ Golnar Khosrowshahi
Issuer symbol
RSVR
Transactions as of
31 Mar 2023
Net transactions value
-$381,101
Form type
4
Filing time
07 Jun 2023, 18:32:04 UTC
Previous filing
04 Jan 2023
Next filing
03 Apr 2024
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 Tax liability $381,101 -58,451 -27% $6.52 161,460 31 Mar 2023 Direct F1
transaction RSVR Common stock, $0.0001 par value Award $0 +145,110 +90% $0.000000 306,570 05 Jun 2023 Direct F2
* 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 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 on April 1, 2024 subject to the Reporting Person's continued service to the Issuer on such date.