Hassan Khosrowshahi - 04 Jun 2024 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Reporting relationship: 10%+ Owner
Issuer ticker: RSVR
Reported as of: 04 Jun 2024
Net transaction value: +$2,804,905
SEC form: 4
Accepted by SEC: 06 Jun 2024, 19:18:10 UTC
Prior SEC filing: 04 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Hassan Khosrowshahi

Key filing fact

Hassan Khosrowshahi filed Form 4 for Reservoir Media, Inc. (RSVR) on 06 Jun 2024.

Key facts

This page summarizes Hassan Khosrowshahi's Form 4 filing for Reservoir Media, Inc. (RSVR).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 06 Jun 2024, 19:18.

Change

Previous filing in this sequence was filed on 04 Mar 2024.
Current net transaction value: +$2,804,905.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RSVR transaction

Common stock, $0.0001 par value

Purchase

Transaction value: $798,480
Shares: +100,000
Change %: +0.35%
Price: $7.98
Shares after: 28,326,573
Date: 04 Jun 2024
Ownership: Wesbild, Inc.
Footnotes: F1, F2

RSVR transaction

Common stock, $0.0001 par value

Purchase

Transaction value: $798,660
Shares: +100,000
Change %: +0.35%
Price: $7.99
Shares after: 28,426,573
Date: 04 Jun 2024
Ownership: Wesbild, Inc.
Footnotes: F2, F3

RSVR transaction

Common stock, $0.0001 par value

Purchase

Transaction value: $802,430
Shares: +100,000
Change %: +0.35%
Price: $8.02
Shares after: 28,526,573
Date: 04 Jun 2024
Ownership: Wesbild, Inc.
Footnotes: F2, F4

RSVR transaction

Common stock, $0.0001 par value

Purchase

Transaction value: $405,335
Shares: +50,000
Change %: +0.18%
Price: $8.11
Shares after: 28,576,573
Date: 05 Jun 2024
Ownership: Wesbild, Inc.
Footnotes: F2, F5

RSVR holding

Common stock, $0.0001 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200,000
Date: 04 Jun 2024
Ownership: Persis Holdings, Ltd.
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The 100,000 shares of common stock, par value $0.0001 per share (the "Shares"), of Reservoir Media, Inc. (the "Issuer") reported on this Form 4 were purchased in multiple trades at prices ranging from $7.9517 to $8.0198 per share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

Footnote F2

The Shares were purchased by Wesbild, Inc. ("Wesbild"). Hassan Khosrowshahi may be deemed to be the beneficial owner of the Shares held by Wesbild by virtue of his position as the chairman and controlling person of Wesbild. Mr. Khosrowshahi disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this Report shall not be deemed an admission of beneficial ownership of the reported Shares for purposes of Section 16 of the Exchange Act, or for any other purpose.

Footnote F3

The 100,000 Shares of the Issuer reported on this Form 4 were purchased in multiple trades at prices ranging from $7.9105 to $8.01 per share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

Footnote F4

The 100,000 Shares of the Issuer reported on this Form 4 were purchased in multiple trades at prices ranging from $7.925 to $8.03 per share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

Footnote F5

The 50,000 Shares of the Issuer reported on this Form 4 were purchased in multiple trades at prices ranging from $7.9883 to $8.1446 per share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

Footnote F6

These Shares are owned directly by Persis Holdings, Ltd. ("Persis"). Hassan Khosrowshahi may be deemed to be the beneficial owner of the Shares held by Persis by virtue of his position as the chairman and controlling person of Persis. Mr. Khosrowshahi disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act, or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this Report shall not be deemed an admission of beneficial ownership of the reported Shares for purposes of Section 16 of the Exchange Act, or for any other purpose.