Form 4: CuriosityStream CFO Peter Westley Reports Stock Transaction
SEC Form 4 Filing
Peter Westley, CFO of CuriosityStream Inc., reports the vesting and conversion of restricted stock units into common stock.
Summary
- On April 22, 2024, Peter Westley, the Chief Financial Officer of CuriosityStream Inc., reported a transaction involving the vesting and conversion of 7,834 restricted stock units into common stock.
- These restricted stock units, which were initially granted on July 28, 2023, converted on a one-to-one basis.
- Following the reported transaction, Mr. Westley directly owns 55,045 shares of common stock.
- Additionally, he indirectly owns 6,312 shares held by The Westley Revocable Trust, of which he is the trustee.
- Mr. Westley has granted a Limited Power of Attorney to Theresa Ellen (Tia) Cudahy and Brady Hayden for Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 9/28/2023 | Date of execution for the Limited Power of Attorney. |
| 07/28/2023 | Date the restricted stock units were granted to Mr. Westley. |
| 04/22/2024 | Date of the transaction where restricted stock units vested and converted into common stock. |
| 04/24/2024 | Date of signature for the Form 4 filing. |
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