Macias Yolanda 4

What Happened

• Yolanda Macias, Chief Motion Pictures Officer of Cineverse (CNVS), had 33,333 restricted stock units (RSUs) vest/convert on April 25, 2026. The filing shows a conversion/exercise (code M) of 33,333 derivative units into shares.
• To satisfy the tax/exercise obligation, 36,896 shares were surrendered/withheld (code F) at an implied per-share value of $2.39, totaling $88,181. The filing also records a separate M-coded disposition of 33,333 shares at $0 (reported as a derivative conversion/transfer in the filing).

Key Details

• Transaction date: April 25, 2026; Form 4 filed April 28, 2026 (filed within the normal 2 business‑day window).
• Reported actions and values: conversion/exercise (M) of 33,333 RSUs; tax/price payment (F) of 36,896 shares at $2.39 each = $88,181; an M-coded disposition of 33,333 shares at $0 also appears in the filing.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: F1/F2 confirm 33,333 RSUs vested on 4/25/2026 and additional RSUs scheduled to vest in 2027; other footnotes (F3–F6) describe separate stock appreciation rights and additional RSU vesting schedules for future dates.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (i.e., shares withheld).

Context

• Withholding/surrender of shares to cover taxes is a common, routine settlement method (a cashless-like settlement) and does not necessarily indicate a buy or sell opinion by the insider. The filing documents a vesting/conversion event rather than an open-market sale or purchase.
• For retail investors, purchases or open-market sales by insiders are often more informative about personal conviction; vesting plus tax-withholding is typically administrative.