Rothstein Adam 4

What Happened
Adam Rothstein, a non-employee director of Reservoir Media, Inc. (RSVR), was awarded 492 Deferred Stock Units (DSUs) on 2026-06-22. The DSUs were valued at $10.15 each (the closing share price on the grant date), for a total economic value of about $4,994. This was an award of compensation (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-06-22; 492 DSUs calculated at $10.15 per share.
• Total value: approximately $4,994 (492 × $10.15).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: (1) DSUs granted under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan as quarterly director compensation elected in lieu of cash; (2) the DSU count was based on the $10.15 closing price. The DSUs are the economic equivalent of one share each and will be settled in common stock on January 1, 2027.
• Filing timeliness: no late-filing indication provided in the supplied record.

Context
DSUs are a form of deferred equity compensation: recipients receive the economic equivalent of shares now but will receive actual shares (or their value) at the stated settlement date. Awards to non-employee directors are routine corporate compensation and do not by themselves indicate a buy or sell signal in the open market.