Macias Yolanda 4

What Happened

• Yolanda Macias, Chief Motion Pictures Officer at Cineverse (CNVS), made an open-market purchase of 30,000 shares at $2.00 per share on Feb 17, 2026 (total $60,000). Earlier, on Dec 2, 2025, she sold 2,189 shares at $2.42 (total ~$5,297).
• Purchases are often viewed as a more informative (bullish) signal than sales, though this is a relatively modest-dollar purchase.

Key Details

• Transactions:
  • 2025-12-02: Sale (open market) — 2,189 shares @ $2.42 = $5,297.
  • 2026-02-17: Purchase (open market) — 30,000 shares @ $2.00 = $60,000.
• Short-swing rule: The filing notes the Dec 2 sale was matchable under Section 16(b); Ms. Macias paid the issuer $919.38 representing the full short-swing profit (Footnote F1).
• Holdings / grants disclosed in footnotes (vesting schedules):
  • 66,667 restricted shares (33,333 vest 4/25/2026; 33,334 vest 4/25/2027) (F2).
  • Stock appreciation rights with past and scheduled vesting (F3, F4).
  • Multiple tranches of restricted stock units (RSUs) with vesting on 4/25, 5/1 and 10/8 across 2026–2028 (F5–F7).
• Shares owned after the reported transactions are not explicitly stated on the form provided.
• Timeliness: The Dec 2, 2025 sale was reported in this Form 4 filed Feb 17, 2026 (late reporting for that earlier sale); the Feb 17 purchase was filed same day.

Context

• The Dec sale triggered a short-swing disposition matched to a later reportable purchase: under Section 16(b) any profit from buying and selling within six months must be returned; the filing shows the profit was paid back ($919.38).
• The Feb 17 trade was an ordinary open-market purchase (code P). No indication in the filing of a 10b5‑1 plan, gift, or cashless option exercise for these specific transactions.