LOFFREDO GARY S 4
4 · Cineverse Corp. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cineverse (CNVS) CLO Gary Loffredo Buys 30,000 Shares
What Happened
Gary Loffredo, Chief Legal Officer, Secretary and Senior Advisor at Cineverse (CNVS), acquired 30,000 shares on February 17, 2026 at $2.00 per share for a total reported purchase of $60,000. The filing lists the trade as an "open market or private purchase" (transaction code P), so the exact venue (open market vs private placement) is not specified. This is a purchase (buy), which many investors view as a potentially positive signal but does not by itself indicate the insider's motivation.
Key Details
- Transaction date and price: Feb 17, 2026 — 30,000 shares at $2.00/share (total $60,000).
- Transaction type: P = Purchase (open market or private purchase).
- Shares owned after transaction: Not specified in the provided filing data.
- Notable footnotes: multiple outstanding restricted shares, stock appreciation rights (SARs) and restricted stock units (RSUs) with detailed vesting schedules (see footnotes F1–F7 in the filing). Examples: F1 notes 66,667 restricted shares vesting in April 2026/2027; F5–F7 describe RSU tranches vesting in 2026–2028; F2–F4 detail SAR vesting across multiple years.
- Filing timeliness: Report filed Feb 17, 2026 (same date as the reported transaction); no late filing flagged in the provided data.
Context
Purchases by officers can be informative to retail investors because they indicate the insider added to their stake, but they are not proof of future performance. The filing does not show an immediate sale or a cashless exercise (not applicable here); instead it reports a straightforward acquisition. For a fuller picture, check the full Form 4 for total post-transaction holdings and the detailed footnotes on vesting schedules.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1]2026-02-17$2.00/sh+30,000$60,000→ 200,337 total
- 20,380
Stock Appreciation Right (Right to buy)
[F2]Exercise: $29.40Exp: 2028-12-10→ Class A Common Stock (20,380 underlying) - 60,000
Stock Appreciation Right (Right to buy)
[F3]Exercise: $12.80Exp: 2030-12-23→ Class A Common Stock (60,000 underlying) - 40,000
Stock Appreciation Right
[F4]Exercise: $5.80Exp: 2033-05-16→ Class A Common Stock (40,000 underlying) - 66,667
Restricted Stock Unit
[F5]→ Class A Common Stock (66,667 underlying) - 76,820
Restricted Stock Unit
[F6]→ Class A Common Stock (76,820 underlying) - 130,289
Restricted Stock Unit
[F7]→ Class A Common Stock (130,289 underlying)
Footnotes (7)
- [F1]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.
- [F2]One-third of the stock appreciation rights vested on December 10 of each of 2019, 2020 and 2021.
- [F3]Of such SARs, 25,000 vested on March 31, 2022, 25,000, vested on March 31, 2023 and 10,000 vested on June 30, 2023.
- [F4]Of such stock appreciation rights, 13,333 vest on May 16, 2024, 13,333 vest on May 1, 2025 and 13,334 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, 33,333 vest on April 25, 2026 and 33,334 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, 25,607 vest on May 1 of each of 2026 and 2027 and 25,606 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, 43,430 vest on October 8 of each of 2026 and 2027 and 43,429 vest on October 8, 2028.