Torres Mark 4

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.