Form 4: Reservoir Media CEO Golnar Khosrowshahi Reports Stock Transaction
SEC Form 4 Filing
Golnar Khosrowshahi, CEO of Reservoir Media, Inc., reports the disposal of 80,403 shares of common stock to cover tax withholding obligations related to vesting restricted stock units on April 1, 2024.
Summary
- On April 1, 2024, Golnar Khosrowshahi, the CEO of Reservoir Media, Inc. (RSVR), disposed of 80,403 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a price of $8.08 per share.
- Following the transaction, Khosrowshahi directly owns 226,167 shares of Reservoir Media, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the stock transaction where 80,403 shares were disposed of to cover tax obligations. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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