OPEKA ERICK 4

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.