OPEKA ERICK 4
4 · Cineverse Corp. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Cineverse (CNVS) CSO Erick Opeka Converts RSUs; Sells 45,655 Shares
What Happened
Erick Opeka, Cineverse’s Chief Strategy Officer and President, had 45,833 restricted stock units (RSUs vest) on April 25, 2026 and those RSUs converted into 45,833 shares of Class A common stock. To satisfy tax withholding, 45,655 of those shares were withheld/sold at $2.39 per share, generating $109,115. Net from this vesting event, Opeka retained 178 shares (45,833 vested minus 45,655 withheld).
Key Details
- Transaction date: April 25, 2026; Form 4 filed April 28, 2026 (timely filing).
- Vesting/conversion: 45,833 RSUs converted to 45,833 shares (derivative conversion, code M).
- Tax withholding/sale: 45,655 shares disposed at $2.39 each for total proceeds of $109,115 (code F).
- Reported net retained from this vesting: 178 shares.
- Relevant footnotes: F1/F2 confirm each RSU equals one share; 45,833 RSUs vested on 4/25/2026 and an additional 45,834 RSUs are scheduled to vest on 4/25/2027.
- No indication of a 10b5-1 plan or gift; this was a routine vesting and tax-withholding event, not an open-market investment decision.
Context
This was a standard equity compensation event: RSUs vested and converted into common shares, and a large portion was withheld/sold to cover taxes (common practice). Such withholding/sales are routine and generally do not signal a change in insider sentiment about the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-04-25+45,833→ 269,979 total - Tax Payment
Class A Common Stock
[F2]2026-04-25$2.39/sh−45,655$109,115→ 224,324 total - Exercise/Conversion
Restricted Stock Unit
[F1]2026-04-25−45,833→ 45,834 total→ Class A Common Stock (45,833 underlying)
- 17,750
Stock Appreciation Right (Right to buy)
[F3]Exercise: $23.20Exp: 2028-09-28→ Class A Common Stock (17,750 underlying) - 60,000
Stock Appreciation Right (Right to buy)
[F4]Exercise: $12.80Exp: 2030-12-23→ Class A Common Stock (60,000 underlying) - 75,000
Stock Appreciation Right (Right to buy)
[F5]Exercise: $5.80Exp: 2033-05-16→ Class A Common Stock (75,000 underlying) - 94,550
Restricted Stock Unit
[F6]→ Class A Common Stock (94,550 underlying) - 144,147
Restricted Stock Unit
[F7]→ Class A Common Stock (144,147 underlying)
Footnotes (7)
- [F1]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 45,833 vested on April 25, 2026 and 45,834 vest on April 25, 2027.
- [F2]Includes 45,833 shares of restricted stock that vested on April 25, 2026 and 45,834 shares of restricted stock that vest on April 25, 2027.
- [F3]One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
- [F4]Of such stock appreciation rights, 25,000 vested on March 31, 2022, 25,000 vested on March 31, 2023 and 10,000 vested on December 31, 2023.
- [F5]Of such stock appreciation rights, 25,000 vested on May 16, 2024, 25,000 vested on May 1, 2025 and 25,000 vest on May 1, 2026.
- [F6]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 31,517 vest on May 1 of each of 2026 and 2027 and 31,516 vest on May 1, 2028.
- [F7]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 48,049 vest on October 8 of each of 2026, 2027 and 2028.