Gary S. Loffredo, serving as Chief Legal Officer, Secretary and Senior Advisor at Cineverse Corp (NASDAQ: CNVS), completed a purchase of 30,000 shares of the company’s Class A common stock on February 17, 2026. The shares were acquired at $2.00 apiece, representing a $60,000 cash outlay.
Following the purchase, Loffredo’s direct holdings in Cineverse rose to 200,337 shares. That total includes 66,667 restricted shares: 33,333 of those restricted shares are scheduled to vest on April 25, 2026, and the remaining 33,334 are set to vest on April 25, 2027.
In addition to his common stock position, Loffredo holds derivative instruments tied to Cineverse equity. Those derivative securities include Stock Appreciation Rights (SARs) and Restricted Stock Units (RSUs), which the company reports as having varying exercise prices and expiration dates.
Separately, Cineverse has been active on the corporate development front, executing several initiatives to strengthen its streaming infrastructure and media services offerings. The company acquired IndiCue, an advertising technology firm, in a transaction valued at up to $40 million. As part of that deal, Cineverse paid $22 million at closing with an additional $18 million contingent on the achievement of future performance milestones. To help finance that transaction, Cineverse raised $13 million in convertible notes from existing shareholders.
Cineverse also unveiled Matchpoint Creative Labs, an internal creative agency focused on producing video advertising for connected-TV and streaming platforms. The company described this initiative as intended to address a shortage of creative resources for free ad-supported streaming television (FAST) channel operators.
On the distribution and automation side, Cineverse announced a partnership with Revry, an LGBTQ+ streaming network, to automate content delivery using Cineverse’s Matchpoint Dispatch platform. The collaboration will allow Revry to utilize Matchpoint Dispatch for automated content management and delivery workflows.
Further expanding its media services, Cineverse acquired Giant Worldwide, a global media services provider, and subsequently announced Giant Worldwide’s leadership team as it integrates the business into Cineverse’s Matchpoint ecosystem.
Taken together, the insider purchase and the company’s recent acquisitions and product launches illustrate Cineverse’s concurrent activity on both governance and strategic fronts as it pursues growth in streaming infrastructure, advertising technology and media supply chain services.