05/05/2025 | Press release | Distributed by Public on 05/05/2025 19:13
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Appreciation Right (Right to buy) | $39.40 | (2) | 02/17/2031 | Class A Common Stock | 8,334 | 8,334 | D | ||||||||
Stock Appreciation Right (Right to buy) | $5.80 | (3) | 05/16/2033 | Class A Common Stock | 12,500 | 12,500 | D | ||||||||
Restricted Stock Unit | (4) | (4) | (4) | Class A Common Stock | 66,667 | 66,667 | D | ||||||||
Restricted Stock Unit | (5) | 05/01/2025 | A | 76,820 | (5) | (5) | Class A Common Stock | 76,820 | $ 0 | 76,820 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Torres Mark C/O CINEVERSE CORP 224 W. 35TH STREET, SUITE 500, #947 NEW YORK, NY 10001 |
Chief People Officer |
/s/ Mark Torres | 05/05/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes 66,667 shares of restricted stock that vest as follows: 33,333 vest on April 25, 2026 and 33,334 vest on April 25, 2027. |
(2) | Of such stock appreciation rights, 2,778 vested on February 17 of each of 2022, 2023 and 2024. |
(3) | Of such stock appreciation rights, 4,167 vest on May 16 of each of 2024, 2025 and 2026. |
(4) | Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 33,333 vest on April 25 of each of 2025 and 2026 and 33,334 vest on April 25, 2027. |
(5) | Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vest on May 1 of each of 2026 and 2027 and 25,606 vest on May 1, 2028. |