MCGURK CHRISTOPHER J 4
4 · Cineverse Corp. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cineverse (CNVS) CEO Christopher McGurk Buys 75,000 Shares
What Happened Christopher J. McGurk, CEO, Chairman and a director of Cineverse (CNVS), acquired 75,000 shares on February 17, 2026. The transaction was reported as a purchase (code P) at $2.00 per share for a total reported outlay of $150,000. The filing indicates the reporting person acted as trustee of the Christopher and Jamie McGurk Living Trust.
Key Details
- Transaction date and price: 2026-02-17 — 75,000 shares at $2.00 each ($150,000 total).
- Transaction type: Purchase (open market or private purchase indicated on the Form 4).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes from the filing:
- F1: McGurk is reporting in his capacity as trustee of the Christopher and Jamie McGurk Living Trust.
- F2–F4: Multiple stock appreciation rights (SARs) with staggered vesting dates (one-third vested in 2019–2021; additional tranches vested in 2020 and 2023; further tranches vested in 2023–2025).
- F5–F7: Various restricted stock units (RSUs) noted, with scheduled vesting in 2025–2028 (multiple tranches of 40k, 50k and ~87k shares).
- F8: 100,000 shares of restricted stock included elsewhere, with 50,000 vesting on April 25 of 2026 and 2027.
- Filing timeliness: Reported on 2026-02-17 for a transaction on 2026-02-17 — no late filing indicated in the excerpt.
Context
- This is a straightforward purchase by an executive/trustee rather than an option exercise, sale, or gift. Purchases by insiders can be interpreted as a vote of confidence, but filings are factual records and do not prove intent.
- The filing also documents prior and scheduled vesting of SARs, RSUs and restricted stock for McGurk, which affect his overall potential ownership but are separate from this cash purchase.
Insider Transaction Report
Form 4
Cineverse Corp.CNVS
MCGURK CHRISTOPHER J
DirectorCEO and Chairman
Transactions
- Purchase
Class A Common Stock
[F1]2026-02-17$2.00/sh+75,000$150,000→ 178,526 total(indirect: By Trust)
Holdings
- 492,519
Class A Common Stock
[F8] - 35,000
Stock Appreciation Right (Right to buy)
[F2]Exercise: $29.40Exp: 2028-06-07→ Class A Common Stock (35,000 underlying) - 125,000
Stock Appreciation Right (Right to buy)
[F3]Exercise: $10.80Exp: 2030-11-19→ Class A Common Stock (125,000 underlying) - 125,000
Stock Appreciation Right (Right to buy)
[F4]Exercise: $9.60Exp: 2032-10-17→ Class A Common Stock (125,000 underlying) - 100,000
Restricted Stock Unit
[F5]→ Class A Common Stock (100,000 underlying) - 120,000
Restricted Stock Unit
[F6]→ Class A Common Stock (120,000 underlying) - 263,006
Restricted Stock Unit
[F7]→ Class A Common Stock (263,006 underlying)
Footnotes (8)
- [F1]The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust.
- [F2]One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
- [F3]62,500 of the stock appreciation rights vested on November 19, 2020 and 62,500 of the stock appreciation rights vested on March 31, 2023.
- [F4]Of the stock appreciation rights, 41,666 vested on April 1, 2023, 41,666 vested on April 1, 2024 and 41,668 vested on April 1, 2025.
- [F5]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 50,000 vest on April 25 of each of 2025, 2026 and 2027.
- [F6]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 40,000 vest on May 1 of each of 2026, 2027 and 2028.
- [F7]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 87,669 vest on October 8 of each of 2026 and 2027 and 87,668 vest on October 8, 2028.
- [F8]Includes 100,000 shares of restricted stock that vest as follows: 50,000 vest on April 25 of each of 2026 and 2027.
Signature
/s/ Christopher J. McGurk|2026-02-17