Reed Rebecca R 4

What Happened

• Rebecca R. Reed, General Counsel of CuriosityStream Inc. (CURI), had the first tranche of 37,500 restricted stock units (RSUs vest) on July 24, 2026. The 37,500 vested RSUs converted into common shares; 13,105 of those shares were withheld to cover tax liabilities at $2.35 per share, totaling $30,797. The net shares delivered to Ms. Reed were approximately 24,395 shares.
• This was a vesting/settlement of previously granted RSUs (not an open-market purchase or discretionary sale). Withholding of shares for taxes is a routine administrative step, not an indicator of a separate market sale.

Key Details

• Transaction date: July 24, 2026; Form 4 filed July 28, 2026 (filed within the 2-business-day window).
• Vesting: 37,500 RSUs vested (first tranche of a 150,000 RSU grant).
• Tax withholding: 13,105 shares withheld at $2.35/share = $30,797.
• Net shares issued to insider: ~24,395 shares (37,500 vested − 13,105 withheld).
• Shares owned after transaction: beneficial ownership after the transactions was not reported on the Form 4.
• Footnotes: The RSUs were granted July 25, 2025, under the 2020 Omnibus Incentive Plan and vest in four tranches of 37,500 each based on performance or time (first tranche vested on the first anniversary). All vesting is subject to continued employment.

Context

• These transactions reflect an award vesting and share withholding for taxes (transaction codes: M = exercise/conversion of derivative/vesting; F = tax withholding). The withheld shares were used to satisfy tax obligations rather than representing an open-market sale.
• For retail investors, vesting events are routine compensation matters; they do not necessarily signal the insider’s view on the company’s stock price.