OPEKA ERICK 4
4 · Cineverse Corp. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cineverse (CNVS) CSO Erick Opeka Buys 30,000 Shares
What Happened
Erick Opeka, Chief Strategy Officer and President of Cineverse (CNVS), acquired 30,000 shares on February 17, 2026 at $2.00 per share, for a total purchase price of $60,000 (transaction code P — purchase). The Form 4 was filed with the SEC on February 17, 2026.
Key Details
- Transaction date and price: 2026-02-17, 30,000 shares at $2.00 each; total $60,000.
- Transaction type: P = purchase (open market or private purchase as reported).
- Filing date: 2026-02-17 (timely filed).
- Shares owned after transaction: Not specified in the provided excerpt of the filing. Check the full Form 4 for total beneficial ownership.
- Notable footnotes (vesting/award details): insider holdings include restricted stock, restricted stock units (RSUs) and stock appreciation rights (SARs) with staggered vesting through 2028 (see F1–F7). Key vesting dates include April 25, 2026 & 2027; May 1 and May 16 dates in 2024–2028; and October 8 of 2026–2028.
- No indication in the provided data of a 10b5-1 plan, tax-withholding sale, or gifting.
Context:
This was a straightforward purchase of common shares. RSUs noted in the footnotes equal one share each and many of the restricted awards and SARs vest in future years, meaning parts of the insider’s holdings are time-locked and not immediately tradable. Purchases by insiders are factual data points some investors watch for possible alignment with company prospects, but filings do not state the insider’s motivation.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1]2026-02-17$2.00/sh+30,000$60,000→ 224,146 total
- 17,750
Stock Appreciation Right (Right to buy)
[F2]Exercise: $23.20Exp: 2028-09-28→ Class A Common Stock (17,750 underlying) - 60,000
Stock Appreciation Right (Right to buy)
[F3]Exercise: $12.80Exp: 2030-12-23→ Class A Common Stock (60,000 underlying) - 75,000
Stock Appreciation Right (Right to buy)
[F4]Exercise: $5.80Exp: 2033-05-16→ Class A Common Stock (75,000 underlying) - 91,667
Restricted Stock Unit
[F5]→ Class A Common Stock (91,667 underlying) - 94,550
Restricted Stock Unit
[F6]→ Class A Common Stock (94,550 underlying) - 144,147
Restricted Stock Unit
[F7]→ Class A Common Stock (144,147 underlying)
Footnotes (7)
- [F1]Includes 91,667 shares of restricted stock that vest as follows: 45,833 vest on April 25, 2026 and 45,834 vest on April 25, 2027.
- [F2]One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
- [F3]Of such stock appreciation rights, 25,000 vested on March 31, 2022, 25,000 vested on March 31, 2023 and 10,000 vested on December 31, 2023.
- [F4]Of such stock appreciation rights, 25,000 vest on May 16, 2024, 25,000 vest on May 1, 2025 and 25,000 vest on May 1, 2026.
- [F5]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 45,833 vest on April 25 of 2026 and 45,834 vest on April 25, 2027.
- [F6]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 31,517 vest on May 1 of each of 2026 and 2027 and 31,516 vest on May 1, 2028.
- [F7]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 48,049 vest on October 8 of each of 2026, 2027 and 2028.