Stephen M. Cook - 16 Feb 2024 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: 16 Feb 2024
Net transactions value: +$4,997
Form type: 4
Filing time: 20 Feb 2024, 16:55:56 UTC
Previous filing: 21 Nov 2023
Next filing: 11 Jun 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	$4,997	+718	+0.08%	$6.96	919,262	16 Feb 2024	Direct	F1, F2
holding	RSVR	Common stock, $0.0001 par value						226,089	16 Feb 2024	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 29, 2024.
F2	The number of DSUs received was calculated based on $6.96, which was the closing price of the Issuer's Common Stock on the date of grant.

Content

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 29, 2024.

The number of DSUs received was calculated based on $6.96, which was the closing price of the Issuer's Common Stock on the date of grant.