Rell Q. Lafargue Jr. - May 31, 2022 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Role: President and COO, Director
Signature: /s/ Golnar Khosrowshahi, as attorney-in-fact for Rell Q. Lafargue, Jr.
Stock symbol: RSVR
Transactions as of: May 31, 2022
Transactions value $: -$403,176
Form type: 4
Date filed: 6/7/2023, 06:10 PM
Previous filing: Feb 18, 2022
Next filing: Jul 8, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RSVR	Common stock, $0.0001 par value	Tax liability	-$95.1K	-12.8K	-18.87%	$7.46	54.8K	May 31, 2022	Direct	F1, F2
transaction	RSVR	Common stock, $0.0001 par value	Tax liability	-$225K	-34.5K	-18.18%	$6.51	155K	May 31, 2023	Direct	F1
transaction	RSVR	Common stock, $0.0001 par value	Tax liability	-$83.4K	-12.8K	-6.32%	$6.51	190K	May 31, 2023	Direct	F1
transaction	RSVR	Common stock, $0.0001 par value	Award	$0	+177K	+113.94%	$0.00	332K	Jun 3, 2023	Direct	F3

Showing 1 to 4 of 4 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock withheld by Reservoir Media, Inc. in connection with the vesting of restricted stock units to cover the Reporting Person's tax withholding obligations.
F2	As a result of the delayed reporting of this transaction, the total amount of securities beneficially owned following the transaction reported in the Form 4 filed on 7/08/22 on behalf of the reporting person was incorrect. The correct amount of securities beneficially owned following such transaction was 202,599 shares
F3	Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share, of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest in two equal installments on May 31, 2024 and May 31, 2025, respectively, subject to the Reporting Person's continued service to the Issuer on such date.