Form 4: CuriosityStream Inc. Executive Rebecca Reed Reports Stock Transactions
SEC Form 4 Filing
Rebecca Reed, General Counsel of CuriosityStream Inc., reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- On April 17, 2025, Rebecca Reed, General Counsel of CuriosityStream Inc., reported transactions involving the company's common stock.
- Specifically, 380 restricted stock units granted on July 19, 2021, vested and were converted into 380 shares of common stock.
- Additionally, 43 restricted stock units granted on September 20, 2021, vested and were converted into 43 shares of common stock.
- Shares were withheld to cover tax obligations related to the vesting of these restricted stock units; 154 shares were withheld at $3.17 per share related to the July 19, 2021 grant and 18 shares were withheld at $3.17 per share related to the September 20, 2021 grant.
- Following these transactions, Ms. Reed directly owns 22,060 shares of CuriosityStream Inc. common stock and 1,355 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
- The vesting schedules and tax withholding practices described in the filing are typical for restricted stock unit grants.
- Comparable companies in the media and entertainment industry, such as Netflix, Disney, and Warner Bros. Discovery, also utilize stock-based compensation as part of their executive compensation packages.
Stakeholder Impact
- The vesting of restricted stock units has a minor dilutive effect on existing shareholders.
- The transactions reflect ongoing compensation arrangements for the General Counsel.
Key Dates
| Date | Description |
|---|---|
| July 19, 2021 | Grant date of 380 restricted stock units to Rebecca Reed. |
| September 20, 2021 | Grant date of 43 restricted stock units to Rebecca Reed. |
| April 17, 2025 | Date of vesting and conversion of restricted stock units into common stock, and tax withholding. |
| April 21, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, CURI, CuriosityStream Inc., Rebecca Reed, Vesting, Tax Withholding
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