OPEKA ERICK 4
4 · Cineverse Corp. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Cineverse (CNVS) President Erick Opeka Receives 31,517 Shares
What Happened
Erick Opeka, Cineverse’s Chief Strategy Officer and President, had 31,517 restricted stock units (RSUs) vest and convert into 31,517 shares on May 1, 2026. To satisfy tax withholding, 13,832 of those shares were surrendered at $2.62 per share for a total withholding value of $36,240, leaving a net increase of 17,685 shares to Opeka’s holdings. The conversion carried no cash exercise price (reported at $0.00) — this was a compensation vesting event rather than an open‑market purchase.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (appears timely).
- Shares issued on vesting: 31,517; shares withheld for taxes: 13,832 at $2.62/share = $36,240. Net shares retained: 17,685.
- Reported as derivative conversion/vesting (transaction code M) with tax withholding (code F). The conversion showed $0.00 exercise price.
- Shares owned after the transaction: not specified in the filing.
- Relevant footnote (F6): these RSUs were part of a schedule where 31,517 vested on May 1, 2026, with additional tranches of 31,517 and 31,516 scheduled to vest on May 1, 2027 and May 1, 2028, respectively.
Context
- This was a routine compensation vesting event (RSUs converting to common stock). The withholding of shares to cover taxes is a common cashless settlement method and does not necessarily indicate a market sentiment change.
- For retail investors, vested RSUs increase insider shareholdings but are different from open‑market purchases, which can be a clearer bullish signal.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F6][F1]2026-05-01+31,517→ 255,841 total - Tax Payment
Class A Common Stock
[F1]2026-05-01$2.62/sh−13,832$36,240→ 242,009 total - Exercise/Conversion
Restricted Stock Unit
[F6]2026-05-01−31,517→ 63,033 total→ Class A Common Stock (31,517 underlying)
- 17,750
Stock Appreciation Right (Right to buy)
[F2]Exercise: $23.20Exp: 2028-09-28→ Class A Common Stock (17,750 underlying) - 60,000
Stock Appreciation Right (Right to buy)
[F3]Exercise: $12.80Exp: 2030-12-23→ Class A Common Stock (60,000 underlying) - 75,000
Stock Appreciation Right (Right to buy)
[F4]Exercise: $5.80Exp: 2033-05-16→ Class A Common Stock (75,000 underlying) - 45,834
Restricted Stock Unit
[F5]→ Class A Common Stock (45,833 underlying) - 144,147
Restricted Stock Unit
[F7]→ Class A Common Stock (144,147 underlying)
Footnotes (7)
- [F1]Includes 45,834 shares of restricted stock that vest on vest on April 25, 2027.
- [F2]One-third of the stock appreciation rights vested on March 31 of each of 2019, 2020 and 2021.
- [F3]Of such stock appreciation rights, 25,000 vested on March 31, 2022, 25,000 vested on March 31, 2023 and 10,000 vested on December 31, 2023.
- [F4]Of such stock appreciation rights, 25,000 vested on May 16, 2024, 25,000 vested on May 1, 2025 and 25,000 vested on May 1, 2026.
- [F5]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 45,834 vest on April 25, 2027.
- [F6]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 31,517 vested on May 1, 2026, 31,517 vest on May 1, 2027 and 31,516 vest on May 1, 2028.
- [F7]Each restricted stock unit has a value equal to one share of Class A common stock. Of such RSUs, 48,049 vest on October 8 of each of 2026, 2027 and 2028.