Torres Mark 4

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).