Form 4: Reservoir Media Director Jennifer G. Koss Reports Changes in Beneficial Ownership

Director Jennifer G. Koss reports acquisition and disposal of Reservoir Media, Inc. common stock and acquisition of Restricted Stock Units.

Summary

• On August 9, 2024, Jennifer G. Koss, a director of Reservoir Media, Inc., reported changes in her beneficial ownership of the company's securities.
• Koss acquired 11,235 shares of common stock at $0 and disposed of 53,813 shares of common stock.
• She also acquired Restricted Stock Units (RSUs) under the company's 2021 Omnibus Incentive Plan.
• Each RSU represents a contingent right to receive one share of common stock and will vest on July 28, 2025, contingent upon her continued service on the board.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.

Future Outlook

The RSUs will vest on July 28, 2025, subject to the director's continued service on the board.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates