Form 4: Cineverse Corp. Executive Mark Torres Reports Changes in Beneficial Ownership

Mark Torres, Chief People Officer of Cineverse Corp., filed a Form 4 detailing the acquisition of restricted stock units.

Summary

• On May 5, 2025, Mark Torres, the Chief People Officer of Cineverse Corp., filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Cineverse Corp. securities.
• Torres acquired 76,820 restricted stock units (RSUs) on May 1, 2025, each representing one share of Class A common stock.
• These RSUs vest in three tranches: 25,607 on May 1, 2026, 25,607 on May 1, 2027, and 25,606 on May 1, 2028.
• Torres directly owns 158,274 shares of Class A Common Stock.
• Torres also holds stock appreciation rights (SARs) exercisable at $39.40 and $5.80, representing the right to buy 8,334 and 12,500 shares of Class A Common Stock, respectively.
• Additionally, Torres holds 66,667 restricted stock units that vest in two tranches: 33,333 on April 25, 2026 and 33,334 on April 25, 2027.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs can be seen as a positive sign, but it's a standard practice.

Positives

• The acquisition of restricted stock units by a key executive signals confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, stock appreciation rights, Cineverse Corp., CNVS, Mark Torres, executive compensation