Form 4: Cineverse Corp. CFO Mark Wayne Lindsey Reports Changes in Beneficial Ownership

Cineverse Corp. CFO Mark Wayne Lindsey reports the vesting of restricted stock units and shares, as well as shares delivered for tax liability.

Summary

• On April 25, 2025, Mark Wayne Lindsey, CFO of Cineverse Corp., reported changes in his beneficial ownership of Class A Common Stock.
• 33,333 Class A Common Stock shares were acquired through the vesting of restricted stock units (RSUs).
• 32,796 shares were disposed of to cover tax liabilities related to the vesting of restricted shares and RSUs at a price of $3.
• Following these transactions, Lindsey directly owns 151,964 shares of Class A Common Stock and 66,667 restricted shares.
• Lindsey also holds 20,000 Stock Appreciation Rights (SARs) with an exercise price of $11.95, vesting in installments until November 14, 2025.
• He also holds 66,667 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing reflects routine transactions related to executive compensation. The disposal of shares for tax purposes is a standard practice.

Positives

• The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.

Negatives

• The disposal of shares to cover tax liabilities may be perceived negatively, although it's a common practice.

Risks

• Significant disposal of shares by insiders could create negative market sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders, reflecting changes in insider ownership.

Key Dates

Keywords

Cineverse Corp, Mark Wayne Lindsey, CFO, beneficial ownership, Form 4, restricted stock units, Class A Common Stock, stock appreciation rights, insider trading