Torres Mark 4
4 · Cineverse Corp. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Cineverse (CNVS) CPO Mark Torres Receives 25,607 Shares
What Happened Mark Torres, Chief People Officer of Cineverse Corp. (CNVS), had 25,607 restricted stock units (RSUs) vest and convert into 25,607 shares on May 1, 2026. Of those shares, 13,941 were withheld to cover taxes at $2.62 per share for a tax withholding of $36,525, leaving a net issuance to Torres of 11,666 shares. The filing shows the underlying derivative units were canceled on conversion (reported as disposed at $0).
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely).
- Primary codes: M = conversion/exercise of derivative (RSU vesting); F = shares withheld to pay tax liability.
- Withheld shares/value: 13,941 shares withheld at $2.62 each = $36,525.
- Net shares received: 25,607 vested − 13,941 withheld = 11,666 shares.
- Shares owned after transaction: Not disclosed in the provided excerpt (see full Form 4 for total beneficial ownership).
- Footnote of note (F5): These RSUs are part of a tranche where 25,607 vested on May 1, 2026, with remaining tranches on May 1, 2027 (25,607) and May 1, 2028 (25,606).
Context This was a routine vesting/conversion of RSUs rather than an open-market purchase or sale. The withholding is a standard tax-satisfaction step (not a market sale for cash). Such vesting events typically reflect compensation vesting schedules and should not be read alone as a buy/sell signal.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F5][F1]2026-05-01+25,607→ 205,165 total - Tax Payment
Class A Common Stock
[F1]2026-05-01$2.62/sh−13,941$36,525→ 191,224 total - Exercise/Conversion
Restricted Stock Unit
[F5]2026-05-01−25,607→ 51,213 total→ Class A Common Stock (25,607 underlying)
- 8,334
Stock Appreciation Right (Right to buy)
[F2]Exercise: $39.40Exp: 2031-02-17→ Class A Common Stock (8,334 underlying) - 12,500
Stock Appreciation Right (Right to buy)
[F3]Exercise: $5.80Exp: 2033-05-16→ Class A Common Stock (12,500 underlying) - 33,334
Restricted Stock Unit
[F4]→ Class A Common Stock (33,334 underlying) - 66,763
Restricted Stock Unit
[F6]→ Class A Common Stock (66,763 underlying)
Footnotes (6)
- [F1]Includes 33,334 shares of restricted stock that vest on April 25, 2027.
- [F2]Of such stock appreciation rights, 2,778 vested on February 17 of each of 2022, 2023 and 2024.
- [F3]Of such stock appreciation rights, 4,167 vest on May 16 of each of 2024, 2025 and 2026.
- [F4]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 33,334 vest on April 25, 2027.
- [F5]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 25,607 vested on May 1, 2026, 25,607 vest on May 1, 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.