Form 4: Cineverse Corp. CEO Christopher McGurk Reports Acquisition of 50,000 Class A Common Stock Units
SEC Form 4 Filing
Christopher McGurk, CEO and Chairman of Cineverse Corp., reports the acquisition of 50,000 Class A Common Stock units and related holdings.
Summary
- Christopher J. McGurk, CEO and Chairman of Cineverse Corp., filed a Form 4 detailing changes in beneficial ownership.
- On April 25, 2025, McGurk acquired 50,000 shares of Class A Common Stock.
- These shares were acquired through the vesting of restricted stock units (RSUs).
- Following the transaction, McGurk directly owns 342,519 shares of Class A Common Stock.
- McGurk also indirectly owns 19,116 shares through the Christopher and Jamie McGurk Living Trust.
- The report also details McGurk's holdings of stock appreciation rights (SARs) with varying exercise prices and expiration dates.
- 50,000 RSUs vested on April 25, 2025, and an additional 100,000 shares of restricted stock will vest in the future.
- The reporting person is a trustee of the Christopher and Jamie McGurk Living Trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard SEC filing detailing stock transactions. The acquisition of shares by the CEO could be seen as a slightly positive signal, but it's primarily an informational document.
Positives
- The acquisition of shares by the CEO could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The document indicates future vesting of restricted stock units in 2026 and 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment due to the CEO's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2019 | One-third of the stock appreciation rights with exercise price $29.4 vested. |
| 03/31/2020 | One-third of the stock appreciation rights with exercise price $29.4 vested. |
| 03/31/2021 | One-third of the stock appreciation rights with exercise price $29.4 vested. |
| 11/19/2020 | 62,500 of the stock appreciation rights with exercise price $10.8 vested. |
| 03/31/2023 | 62,500 of the stock appreciation rights with exercise price $10.8 vested. |
| 04/01/2023 | 41,666 of the stock appreciation rights with exercise price $9.6 vested. |
| 04/01/2024 | 41,666 of the stock appreciation rights with exercise price $9.6 vested. |
| 04/25/2025 | McGurk acquired 50,000 shares of Class A Common Stock and 50,000 RSUs vested. |
| 04/01/2025 | 41,668 of the stock appreciation rights with exercise price $9.6 vested. |
| 04/25/2026 | 50,000 shares of restricted stock will vest. |
| 04/25/2027 | 50,000 shares of restricted stock will vest. |
| 06/07/2028 | Expiration date for stock appreciation rights with exercise price $29.4. |
| 11/19/2030 | Expiration date for stock appreciation rights with exercise price $10.8. |
| 10/17/2032 | Expiration date for stock appreciation rights with exercise price $9.6. |
Keywords
Cineverse Corp, Christopher McGurk, CNVS, Form 4, Beneficial Ownership, Class A Common Stock, Stock Appreciation Rights, Restricted Stock Units, SEC Filing
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