Form 4: Director Stephen M. Cook Acquires Additional Shares in Reservoir Media, Inc.

Stephen M. Cook, a director of Reservoir Media, Inc., acquired 621 shares of common stock through Deferred Stock Units (DSUs) as part of his quarterly compensation.

Summary

• On February 14, 2025, Stephen M. Cook, a director of Reservoir Media, Inc., acquired 621 shares of common stock in the form of Deferred Stock Units (DSUs).
• The DSUs were awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan as part of Cook's quarterly compensation for serving as a non-employee director.
• Cook elected to receive his quarterly compensation in DSUs instead of cash.
• The price per share used to calculate the number of DSUs was $8.04, which was the closing price of Reservoir Media, Inc.'s common stock on the date of grant.
• Following the transaction, Cook directly owns 933,014 shares and indirectly owns 226,089 shares through BTCSJC Music LLC.
• The DSUs will be settled in shares of common stock on July 28, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. The director taking compensation in stock is a mildly positive signal.

Positives

• A director's decision to take compensation in stock may signal confidence in the company's future performance.

Future Outlook

The DSUs will be settled in shares of common stock on July 28, 2025.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, such as directors and officers, trade their company's stock. These filings provide transparency into insider activity and can be used by investors to gauge management's sentiment towards the company's prospects.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows confidence from a director.

Key Dates