Filing Details

Accession Number:
0000950170-24-096260
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-08-13 16:20:04
Reporting Period:
2024-08-09
Accepted Time:
2024-08-13 16:20:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1824403 Reservoir Media Inc. RSVR () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1602273 Adam Rothstein C/O Reservoir Media, Inc.
200 Varick Street, Suite 801
New York NY 10014
No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.0001 Par Value Acquisiton 2024-08-09 702 $7.12 275,958 No 4 A Direct
Common Stock, $0.0001 Par Value Acquisiton 2024-08-09 11,235 $0.00 287,193 No 4 A Direct
Common Stock, $0.0001 Par Value Acquisiton 2024-08-12 400 $7.00 287,593 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 P Direct
Footnotes
  1. Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 1, 2025 (the "Settlement Date")
  2. The number of DSUs received was calculated based on $7.12, which was the closing price of the Issuer's Common Stock on the date of grant.
  3. Represents Restricted Stock Units ("RSUs") awarded under the Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on July 28, 2025, subject to Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.
  4. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions based on a limit price order adopted by the Reporting Person. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.