Cineverse Corp. (NASDAQ: CNVS) reported an insider purchase by Chief People Officer Mark Torres, who acquired 25,000 shares of Class A Common Stock on February 17, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at $2.00 apiece, for a total outlay of $50,000.
Following this transaction, Torres' direct ownership in Cineverse stands at 183,274 shares. That total includes 66,667 shares of restricted stock scheduled to vest in April 2026 and April 2027. The Form 4 also lists a variety of derivative and restricted instruments held by Torres.
Derivative and restricted holdings disclosed:
- 8,334 shares underlying Stock Appreciation Rights, exercise price $39.40, expiring 2031
- 12,500 shares underlying Stock Appreciation Rights, exercise price $5.80, expiring 2033
- 66,667 shares underlying Restricted Stock Units, vesting in April 2026 and 2027
- 76,820 shares underlying Restricted Stock Units, vesting in May 2026, 2027 and 2028
- 66,763 shares underlying Restricted Stock Units, vesting in October 2026, 2027 and 2028
The insider purchase coincides with recent market movement for Cineverse shares. The stock traded up to $2.71, reflecting a 46.49% gain over the preceding week based on InvestingPro data cited in the filing. Over a longer window, the shares have fallen 43.07% in the past six months, underscoring recent volatility.
Cineverse's market capitalization is noted at $53.24 million in the same InvestingPro summary, and the company's valuation is characterized by InvestingPro as appearing undervalued according to its Fair Value assessment.
Company transactions and strategic developments
The Form 4 disclosure appears against a backdrop of corporate activity. Cineverse announced an acquisition of advertising technology firm IndiCue in a deal valued at up to $40 million, which is structured with $22 million in base consideration and up to $18 million payable contingent upon future performance milestones. To support that acquisition, Cineverse raised $13 million in convertible notes from existing shareholders.
Separately, Cineverse completed an all-cash acquisition of Giant Worldwide, a global media services provider, with the objective of expanding the company’s media supply chain services and integrating Giant Worldwide into its Matchpoint platform. As part of the integration, Cineverse has established a leadership structure for Giant Worldwide, with key executives remaining in their roles and reporting to Michele Edelman, EVP of Technology and General Manager of Matchpoint.
In conjunction with these deals, Cineverse launched Matchpoint Creative Labs, an internal agency focused on producing video advertising for connected TV and streaming platforms. The company also announced a partnership with Revry, an LGBTQ+ streaming network, to automate content delivery through Cineverse’s Matchpoint Dispatch platform.
Context and limitations
The Form 4 filing documents the specific insider transaction and the holdings and vesting schedule for Torres, but it does not address management motivations or intended use of the acquired shares. The InvestingPro valuation and performance figures provide a snapshot of market metrics referenced in the filing but are not a statement of future results. The company's recent strategic moves, including acquisitions and product launches, are described in the filing and related announcements; the documents cited do not provide additional operational forecasts beyond deal terms and financing arrangements.