Form 4: Stephen M. Cook Acquires Additional Reservoir Media Stock Through Deferred Stock Units

Director Stephen M. Cook increased his holdings in Reservoir Media, Inc. by acquiring Deferred Stock Units (DSUs) as part of his quarterly compensation.

Summary

• Stephen M. Cook, a director of Reservoir Media, Inc., acquired 639 Deferred Stock Units (DSUs) on June 7, 2024, as part of his quarterly compensation.
• The DSUs were awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan.
• Each DSU represents the economic equivalent of one share of Reservoir Media, Inc. common stock.
• The price used to calculate the number of DSUs was $7.82, the closing price of the Issuer's Common Stock on the date of grant.
• These DSUs will be settled in shares of Common Stock on July 28, 2025.
• Following the transaction, Cook directly owns 919,901 shares and indirectly owns 226,089 shares through BTCSJC Music LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of DSUs by a director signals 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 insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market and allow investors to track insider activity, which can sometimes be an indicator of company performance or management's sentiment.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning his interests with those of shareholders.

Key Dates