Form 4: fuboTV Director Daniel Leff Converts RSUs and Receives New Grant, Adjusting Beneficial Ownership

fuboTV Inc. Director Daniel V. Leff reported the conversion of restricted stock units into common stock and the grant of new RSUs, updating his beneficial ownership in the company.

Summary

• Daniel V. Leff, a Director of fuboTV Inc. (FUBO), reported changes in his beneficial ownership of the company's common stock.
• On June 16, 2025, Mr. Leff converted 179,198 Restricted Stock Units (RSUs) into common stock. These RSUs were originally granted on June 18, 2024, and had fully vested.
• Following this conversion, Mr. Leff's direct beneficial ownership of fuboTV common stock increased to 450,734 shares.
• On June 17, 2025, Mr. Leff was granted an additional 71,146 RSUs.
• These newly granted RSUs are set to vest on the earlier of June 17, 2026, or one day prior to the Issuer's 2026 annual meeting of shareholders, contingent on Mr. Leff's continued service.
• Mr. Leff also maintains significant indirect beneficial ownership through various entities: 2,573,732 shares via Luminari Capital, L.P., 1,348,228 shares via Waverley Capital LP, and 598,293 shares via WL fuboTV, LP.
• As managing member of the general partners for these entities, Mr. Leff may be deemed to have shared voting and investment power over the indirectly held shares, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions (RSU conversion and grant) which are neutral in sentiment, reflecting standard compensation practices rather than significant positive or negative operational news.

Positives

• The conversion of 179,198 RSUs into common stock indicates a vesting event and an increase in the director's direct equity stake.
• The grant of an additional 71,146 RSUs demonstrates continued equity-based compensation and alignment of the director's interests with shareholders for future performance.

Future Outlook

The document indicates that 71,146 newly granted Restricted Stock Units (RSUs) are scheduled to vest on the earlier of June 17, 2026, or one day prior to fuboTV's 2026 annual meeting of shareholders, subject to the director's continued service.

Related Party Transactions

• Daniel V. Leff holds indirect beneficial ownership of 2,573,732 common shares through Luminari Capital, L.P., where he is a managing member of the general partner, Luminari Capital Partners, LLC, and may be deemed to have shared voting and investment power.
• He also holds indirect beneficial ownership of 1,348,228 common shares through Waverley Capital LP, where he is a managing member of the general partner, Waverley Capital Partners, LLC, and may be deemed to have shared voting and investment power.
• Additionally, Mr. Leff holds indirect beneficial ownership of 598,293 common shares through WL fuboTV, LP, where he is a managing member of the general partner, WL fuboTV GP, LLC, and may be deemed to have shared voting and investment power.
• In all cases of indirect ownership, Mr. Leff disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: The report provides transparency into a director's equity holdings and compensation structure, which is standard for corporate governance.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• The 71,146 Restricted Stock Units (RSUs) granted on June 17, 2025, are expected to vest on the earlier of June 17, 2026, or one day prior to the Issuer's 2026 annual meeting of shareholders.

Key Dates

Keywords

fuboTV, FUBO, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Conversion, Director Stock Holdings, Equity Compensation