Field Ezra S. 4

What Happened
Ezra S. Field, a director of Reservoir Media, Inc. (RSVR), was granted 1,231 Deferred Stock Units (DSUs) on 2026-06-22 as compensation, calculated at $10.15 per share for a total grant value of $12,495. This was an award/compensation issuance (not an open-market purchase or sale) and represents the director electing to receive quarterly pay in DSUs instead of cash.

Key Details

• Transaction date and price: 2026-06-22; DSUs calculated at $10.15 (closing price) per share.
• Quantity/value: 1,231 DSUs; aggregate grant value $12,495.
• Settlement: DSUs will be settled in common stock on January 1, 2027.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing: Report filed 2026-06-24 for the 2026-06-22 grant (appears timely; Form 4 filed two days after the transaction).
• Footnotes: F1 — DSUs awarded under the 2021 Omnibus Incentive Plan as quarterly director compensation in lieu of cash; F2 — number of DSUs was calculated using the $10.15 closing stock price.

Context
DSUs are a deferred-compensation instrument that track the economic value of one share each and will convert to actual shares on the stated settlement date; they are commonly used for non-employee director compensation. Because this was a compensation grant (award), it should be viewed as routine director pay rather than a direct market-based purchase or sale.