Stephen M. Cook - 17 Nov 2023 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role
Director
Signature
/s/ James A. Heindlmeyer, as attorney-in-fact for Stephen M. Cook
Issuer symbol
RSVR
Transactions as of
17 Nov 2023
Net transactions value
+$4,998
Form type
4
Filing time
21 Nov 2023, 16:25:45 UTC
Previous filing
21 Aug 2023
Next filing
20 Feb 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 Award $4,998 +833 +0.09% $6.00 918,544 17 Nov 2023 Direct F1, F2
holding RSVR Common stock, $0.0001 par value 226,089 17 Nov 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 their quarterly compensation in DSUs in lieu of cash. The DSUs will be settled in shares of Common Stock on July 29, 2024.
F2 The number of DSUs received was calculated based on $6.00, which was the closing price of the Issuer's Common Stock on the date of grant.