Torres Mark 4

4 · Cineverse Corp. · Filed Apr 28, 2026

AI-generated summary of this filing

Updated Apr 29, 2026

Cineverse (CNVS) CPO Mark Torres Exercises RSUs; 37,049 Shares Withheld

What Happened

Mark Torres, Chief People Officer of Cineverse (CNVS), had restricted stock units (RSUs) convert to common shares on April 25, 2026. The filing shows 33,333 RSUs vested and converted to shares. To satisfy tax withholding, 37,049 shares were withheld (Payment code F) at $2.39 per share, totaling $88,547. The filing also records the RSU conversion entries (Exercise/conversion code M).

Key Details

Transaction date: April 25, 2026; Filing date: April 28, 2026 (Form 4 accession 0001193125-26-188379).
Vesting/conversion: 33,333 RSUs converted to common shares (reported as M).
Tax withholding: 37,049 shares withheld (F) at $2.39/share = $88,547.
Additional conversion entry: one M entry shows 33,333 shares disposed at $0.00 (reflects conversion reporting, not a sale for cash proceeds).
Shares owned after the transaction: not specified in the provided summary of the filing.
Relevant footnotes: F1/F2 state 33,333 RSUs vested on April 25, 2026 and an additional 33,334 RSUs vest on April 25, 2027.

Context

This was a routine vesting event (RSU conversion) with a common "sell-to-cover" or withholding to pay required taxes — not an open-market sale or purchase decision that necessarily signals a change in sentiment.
Transaction codes: M = exercise/conversion of a derivative (RSU conversion), F = payment of exercise price or tax liability (share withholding).

Form 4

Period: 2026-04-25

Chief People Officer

Transactions

Exercise/Conversion
Class A Common Stock
[F1][F2]
2026-04-25+33,333→ 216,607 total
Tax Payment
Class A Common Stock
[F2]
2026-04-25$2.39/sh−37,049$88,547→ 179,558 total
Exercise/Conversion
Restricted Stock Unit
[F1]
2026-04-25−33,333→ 33,333 total
→ Class A Common Stock (33,333 underlying)

Holdings

Stock Appreciation Right (Right to buy)
[F3]
Exercise: $39.40Exp: 2031-02-17→ Class A Common Stock (8,334 underlying)
8,334
Stock Appreciation Right (Right to buy)
[F4]
Exercise: $5.80Exp: 2033-05-16→ Class A Common Stock (12,500 underlying)
12,500
Restricted Stock Unit
[F5]
→ Class A Common Stock (76,820 underlying)
76,820
Restricted Stock Unit
[F6]
→ Class A Common Stock (66,763 underlying)
66,763

Footnotes (6)

[F1]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 33,333 vested on April 25, 2026 and 33,334 vest on April 25, 2027.
[F2]Includes 33,333 shares of restricted stock that vested on April 25, 2026 and 33,334 shares of restricted stock that vest on April 25, 2027.
[F3]Of such stock appreciation rights, 2,778 vested on February 17 of each of 2022, 2023 and 2024.
[F4]Of such stock appreciation rights, 4,167 vest on May 16 of each of 2024, 2025 and 2026.
[F5]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vest on May 1 of each of 2026 and 2027 and 25,606 vest on May 1, 2028.
[F6]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 22,254 vest on October 8 of each of 2026 and 2027 and 22,255 vest on October 8, 2028.

Signature

/s/ Mark Torres|2026-04-28

1 file