LOFFREDO GARY S 4

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.