Form 4 for RSVR Reservoir Media, Inc.
Accepted 2023-11-20 00:00:00 ET · period of report 2023-11-17 · accession 0001209191-23-056041 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-11-20 | 2023-11-17 | RSVR | Taylor Ryan P. | Dir | A - Grant | $6.00 | +833 | 17.5K | +5% | +$4,998 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock, $0.0001 par value | 2023-11-17 | A | A | 833 | $6.00 | 17,484 | D | — | — | (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. 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. (F3) Represents 14,953 Restricted Stock Units ("RSUs") awarded under the Plan and 2,531 DSUs awarded in connection with the Reporting Person's compensation for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC, Reporting Person has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of ER Reservoir LLC on the applicable Settlement Date. The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein. |