Form 4: Reservoir Media Director Stephen M. Cook Reports Acquisition of Common Stock and Derivative Securities

Director Stephen M. Cook reports acquiring common stock and derivative securities in Reservoir Media, Inc.

Summary

• On August 9, 2024, Stephen M. Cook, a director of Reservoir Media, Inc., reported acquiring 702 Deferred Stock Units (DSUs) at a price of $7.12 each, and 11,235 Restricted Stock Units (RSUs) at $0.
• These transactions increased Cook's direct holdings to 931,838 shares and indirect holdings through BTCSJC Music LLC to 226,089 shares.
• The DSUs, awarded under the 2021 Omnibus Incentive Plan, are the economic equivalent of common stock shares and will be settled on July 28, 2025.
• The RSUs, also awarded under the Plan, represent a contingent right to receive one share of common stock and will vest on July 28, 2025, contingent upon continued service on the board.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction by a company director. The acquisition of shares and units is generally a positive sign, but it's part of a compensation plan.

Positives

• The acquisition of DSUs and RSUs by a director signals confidence in the company's future performance.
• The director's increased stake aligns his interests with those of the shareholders.

Future Outlook

The DSUs will be settled and the RSUs will vest on July 28, 2025, contingent upon continued service on the board.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• The increased holdings of a director can positively influence shareholder confidence.

Key Dates