SEC Form 4

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION						
Washington, D.C. 20549						
		OMB APPROVAL		
				
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP						
		OMB Number:	3235-0287			
		Estimated average burden		
				
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934		hours per response:	0.5			

or Section 30(h) of the Investment Company Act of 1940

	1. Name and Address of Reporting Person*			2. Issuer Name and Ticker or Trading Symbol			5. Relationship of Reporting Person(s) to Issuer		
		Taylor Ryan P.				Reservoir Media, Inc. [ RSVR ]			(Check all applicable)						
																			
													X	Director		10% Owner		

																	Officer (give title	Other (specify		
																				
								3. Date of Earliest Transaction (Month/Day/Year)								
		(Last)	(First)	(Middle)								below)		below)		
		C/O RESERVOIR MEDIA, INC.		11/22/2022														
																					
		200 VARICK STREET, SUITE 801A																		
					4. If Amendment, Date of Original Filed (Month/Day/Year)		6. Individual or Joint/Group Filing (Check Applicable		
												
															Line)							
																						
	(Street)													X   Form filed by One Reporting Person		
		NEW YORK	NY	10014												Form filed by More than One Reporting		
																	Person						
		(City)	(State)	(Zip)																		
															
				Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned						
																
	1. Title of Security (Instr. 3)	2. Transaction	2A. Deemed	3.		4. Securities Acquired (A) or	5. Amount of	6. Ownership	7. Nature of		
					Date				Execution Date,	Transaction	Disposed Of (D) (Instr. 3, 4 and	Securities	Form: Direct	Indirect		
					(Month/Day/Year)	if any	Code (Instr.	5)					Beneficially	(D) or Indirect	Beneficial		
									(Month/Day/Year)	8)							Owned Following	(I) (Instr. 4)		Ownership		
																	Reported			(Instr. 4)		
																						
										Code  V	Amount	(A) or	Price	Transaction(s)						
												(D)		(Instr. 3 and 4)						

	Common stock, $0.0001 par value	11/22/2022		A(1)	820	A	$0.00		14,970(2)	D					
																				By		
																				Richmond		
	Common stock, $0.0001 par value													179,389	I		Hill		
																	Capital		
																						
																				Partners,		
																				LP(3)			
																				By Essex		
																				Equity		
	Common stock, $0.0001 par value													418,576	I		Joint		
																	Investment		
																						
																				Vehicle,		
																				LLC(4)			
																				By ER		
	Common stock, $0.0001 par value													13,604,733	I		Reservoir		
																				LLC(5)(6)		

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of	2.	3. Transaction	3A. Deemed	4.	5. Number	6. Date Exercisable and	7. Title and	8. Price of	9. Number of	10.	11. Nature	
Derivative	Conversion	Date	Execution Date,	Transaction	of	Expiration Date	Amount of	Derivative	derivative	Ownership	of Indirect	
Security	or Exercise	(Month/Day/Year)	if any	Code (Instr.	Derivative	(Month/Day/Year)	Securities	Security	Securities	Form:	Beneficial	
(Instr. 3)	Price of		(Month/Day/Year)	8)	Securities			Underlying	(Instr. 5)	Beneficially	Direct (D)	Ownership	
	Derivative				Acquired			Derivative		Owned	or Indirect	(Instr. 4)	
	Security				(A) or			Security (Instr.		Following	(I) (Instr. 4)		
					Disposed			3 and 4)		Reported			
					of (D)					Transaction(s)			
					(Instr. 3, 4					(Instr. 4)			
					and 5)								
													
								Amount					
								or					
								Number					
						Date	Expiration	of					
				Code  V	(A)   (D)	Exercisable	Date	Title  Shares					

Explanation of Responses:

1.	Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director. The Reporting Person elected to receive payment of their quarterly compensation in DSUs in lieu of cash. The DSUs will be settled in shares of Common Stock on September 15, 2023, subject to the Reporting Person's continued service on the Board on such date. Total reflects a transfer of 11,940 shares of common stock received upon the settlement of DSUs that the Reporting Person was obligated to transfer to the account of ER Reservoir LLC due to his position as the manager of the general partner of a manager of the Fund.

2.	The number of DSUs received was calculated based on $6.10, which was the closing price of the Issuers Common Stock on the date of grant.

3.	The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). The Reporting Person is the managing member of the general partner of RHCP and the manager of the general partner of Richmond Hill Investment Co., LP, the investment adviser to RHCP, and may be deemed to be a beneficial owner of the shares owned by RHCP. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section

16	of the Exchange Act, or for any other purpose.

4.	The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("EEJIV"). The Reporting Person owns an equity interest in an entity that may be deemed to have a pecuniary interest in the shares owned by EEJIV and therefore may be deemed to be a beneficial owner of the shares owned by EEJIV. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose.

5.	The amount of securities shown in this row is owned directly by ER Reservoir LLC (the "Fund"). The Reporting Person is the manager of the general partner of a manager of the Fund and may be deemed to be a beneficial owner of the shares owned by the Fund. The Fund received these securities in connection with the agreement and plan of merger, dated as of April 14, 2021, by and among Reservoir Media, Inc. (formerly known as Roth CH Acquisition II Co. ("RMI")), Roth CH II Merger Sub Corp. ("Merger Sub") and Reservoir Holdings, Inc. ("Reservoir"), pursuant to which Merger Sub merged with and into Reservoir, with Reservoir surviving the merger as a wholly-owned subsidiary of RMI (the "Business Combination"). The Fund received these shares as consideration for the Business Combination. The Reporting Person disclaims any beneficial ownership of (Cont'd in FN 6)

6.	(Cont'd from FN 5) any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of

the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose. Total also reflects a transfer of 11,940 shares of common stock received upon the settlement of DSUs that the Reporting Person was obligated to transfer to the account of ER Reservoir LLC due to his position as the manager of the general partner of a manager of the Fund.

Remarks:

/s/ Golnar Khosrowshahi, as

attorney-in-fact for Ryan P.	11/25/2022

Taylor

** Signature of Reporting Person	Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.