OPEKA ERICK 4

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.