Form 4 for CURI CuriosityStream Inc.
Accepted 2025-05-09 00:00:00 ET · period of report 2025-05-07 · accession 0001628280-25-024307 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-05-09 | 2025-05-07 | CURI | Reed Rebecca R | Gen Counsel | M - OptEx | — | +13.3K | 35.4K | +60% | — |
| D | 2025-05-09 | 2025-05-07 | CURI | Reed Rebecca R | Gen Counsel | F - Tax | $4.63 | -4,672 | 30.7K | -13% | -$21.6K |
| D | 2025-05-09 | 2025-05-08 | CURI | Reed Rebecca R | Gen Counsel | M - OptEx | — | -13.3K | 26.7K | -33% | — |
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 | 2025-05-07 | M | A | 13,333 | — | 35,393 | D | — | — | (F1) On October 9, 2024, the Company granted Rebecca Reed 40,000 restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan (the "Award"). Each RSU represents a contingent right to receive one share of common stock. On May 7, 2025, the Board determined that the Company met the first performance condition of the Award, by achieving more than $4,500,000 in adjusted free cash flow since October 1, 2024, and thereby triggering the vesting of one-third of the Award, or 13,333 RSUs. The second performance condition that would trigger vesting and distribution of the remaining two-thirds of the Award is confirmation by the Board that the Company achieved at least $9 million in adjusted free cash flow during the period October 1, 2024 through September 30, 2025. In the event that the second performance condition is not met, the remaining RSUs will be cancelled. Vesting is subject to continued employment on the vesting date. |
| 2 | Common | Common Stock | 2025-05-07 | F | D | 4,672 | $4.63 | 30,721 | D | — | — | (F2) Represents the withholding of shares of the Company's common stock for tax purposes in connection with the vesting of restricted stock units previously granted. |
| 3 | Derivative | Restricted Stock Units | 2025-05-08 | M | D | 13,333 | — | 26,667 | D | — · — to — | 13,333 Common Stock | (F1) On October 9, 2024, the Company granted Rebecca Reed 40,000 restricted stock units ("RSUs") under the 2020 Omnibus Incentive Plan (the "Award"). Each RSU represents a contingent right to receive one share of common stock. On May 7, 2025, the Board determined that the Company met the first performance condition of the Award, by achieving more than $4,500,000 in adjusted free cash flow since October 1, 2024, and thereby triggering the vesting of one-third of the Award, or 13,333 RSUs. The second performance condition that would trigger vesting and distribution of the remaining two-thirds of the Award is confirmation by the Board that the Company achieved at least $9 million in adjusted free cash flow during the period October 1, 2024 through September 30, 2025. In the event that the second performance condition is not met, the remaining RSUs will be cancelled. Vesting is subject to continued employment on the vesting date. |