MCGURK CHRISTOPHER J 4

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.