Lafargue Rell Q. Jr. 4

What Happened
Lafargue Rell Q. Jr., President & COO and a Director of Reservoir Media, had restricted stock units vest and the company withheld 120,130 shares to satisfy his tax withholding obligations. The withholding occurred in two entries on 2026-05-31: 68,219 shares and 51,911 shares, each valued at $10.32 per share, for totals of $704,020 and $535,722 respectively (combined ≈ $1,239,742). This was not an open-market sale but a routine tax-withholding (disposition) tied to RSU vesting.

Key Details

• Transaction date: 2026-05-31
• Price per share: $10.32
• Shares withheld/disposed: 68,219 and 51,911 (total 120,130)
• Dollar value: $704,020 and $535,722 (total ≈ $1,239,742)
• Shares owned after transaction: not disclosed in the provided filing summary
• Footnote: F1 — shares were withheld by Reservoir Media to cover the reporting person’s tax withholding obligations upon RSU vesting (cashless/net settlement)
• Filing: Form 4 filed 2026-06-04 (filing date shown in report)

Context
Withholdings to cover taxes on vested RSUs are common and generally routine — they represent a payroll/tax settlement rather than a voluntary sale or market-timed disposition. Transaction code F indicates a tax withholding/cashless net settlement; such actions typically do not signal management’s view of the company’s near-term prospects.