Macias Yolanda 4

What Happened

• Yolanda Macias, Cineverse’s Chief Motion Pictures Officer, had 25,607 restricted stock units (RSUs) convert into common shares on May 1, 2026 (reported as exercise/conversion of a derivative). Of those shares, 13,895 were withheld to cover tax liabilities at $2.62 per share (total withheld value $36,405). After withholding, she received a net 11,712 shares.
• This was a vesting/conversion and tax-withholding event — not an open-market sale or purchase. The derivative conversion shows $0 exercise price, consistent with RSU vesting.

Key Details

• Transaction date: May 1, 2026; filing date: May 5, 2026 (timely filed).
• Entries reported: M (exercise/conversion of derivative) — 25,607 shares converted; F (payment of tax liability) — 13,895 shares withheld at $2.62/share for $36,405.
• Net new shares received: 11,712 (25,607 converted − 13,895 withheld).
• Relevant footnotes: F5 confirms these were RSUs — 25,607 vested on May 1, 2026, with additional tranches of 25,607 and 25,606 vesting in 2027 and 2028; other footnotes indicate additional restricted stock/RSU awards vesting on future dates (e.g., 33,334 shares vesting April 25, 2027).
• Filing codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld for tax/payment of exercise price. No 10b5‑1 or gift indicated.

Context

• This is a routine vesting and tax-withholding event — common when RSUs convert to stock. Because shares were withheld to satisfy taxes rather than sold on the open market, this filing does not represent a cash sale by the insider.
• For retail investors, vesting shows continued compensation alignment but does not necessarily signal a buy or sell opinion by the insider.