Reservoir Media, Inc. - Equity Warrant
US ˙ NasdaqGM ˙ US76119X1138

Introduction

This page provides a comprehensive analysis of the known insider trading history of Byron Roth. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Byron Roth has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:ROCL / Roth Ch Acquisition V Co. Co-CEO & Co-Chairman of Board, Director, 10% Owner 398,803
US:TYGO / Tigo Energy, Inc. 696
US:ROCRU / Roth CH Acquisition III Co - Units (1 Ord & 1/4 War) Co-Chief Executive Officer, Director 3,161
US:RSVRW / Reservoir Media, Inc. - Equity Warrant Chief Executive Officer, Director, 10% Owner 90,281
US:US7786752078 / ROTH CH ACQUISITION I CO 0.00000000 Chief Executive Officer, Director 47,695
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Byron Roth. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases RSVRW / Reservoir Media, Inc. - Equity Warrant - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RSVRW / Reservoir Media, Inc. - Equity Warrant. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2020-12-15 ROCCU Roth Byron 10,105 10.0000 10,105 10.0000 101,050 66

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RSVRW / Reservoir Media, Inc. - Equity Warrant Insider Trades
Insider Sales RSVRW / Reservoir Media, Inc. - Equity Warrant - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RSVRW / Reservoir Media, Inc. - Equity Warrant. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RSVRW / Reservoir Media, Inc. - Equity Warrant Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Byron Roth as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2024-12-12 2024-12-06 4/A ROCL Roth CH Acquisition V Co.
Common Stock 		J - Other -82,492 398,803 -17.14
2024-12-11 2024-12-06 4 ROCL Roth CH Acquisition V Co.
Common Stock 		S - Sale -82,492 398,803 -17.14
2023-05-25 2023-05-23 4 TYGO Roth CH Acquisition IV Co.
Common Stock 		S - Sale -7,872 696 -91.88
2023-05-25 2023-05-23 4 TYGO Roth CH Acquisition IV Co.
Common Stock 		S - Sale -472,852 289,676 -62.01
2023-05-25 2023-05-23 4 TYGO Roth CH Acquisition IV Co.
Common Stock 		S - Sale -30,538 2,700 -91.88
2023-05-25 2023-05-23 4 TYGO Roth CH Acquisition IV Co.
Common Stock 		S - Sale -267,493 179,878 -59.79
2021-12-06 2021-12-03 4 ROCLU Roth CH Acquisition V Co.
Warrants to purchase Common Stock 		P - Purchase 53,279 53,279
2021-12-06 2021-12-03 4 ROCLU Roth CH Acquisition V Co.
Warrants to purchase Common Stock 		P - Purchase 33,581 33,581
2021-12-06 2021-12-03 4 ROCLU Roth CH Acquisition V Co.
Common Stock 		P - Purchase 106,559 763,615 16.22 10.00 1,065,590 7,636,150
2021-12-06 2021-12-03 4 ROCLU Roth CH Acquisition V Co.
Common Stock 		P - Purchase 67,163 481,295 16.22 10.00 671,630 4,812,950
2021-11-30 3 ROCLU Roth CH Acquisition V Co.
Common Stock 		414,132
2021-11-30 3 ROCLU Roth CH Acquisition V Co.
Common Stock 		657,056
2021-08-11 2021-08-10 4 ROCGU Roth CH Acquisition IV Co.
Warrants to purchase Common Stock 		P - Purchase 52,736 52,736
2021-08-11 2021-08-10 4 ROCGU Roth CH Acquisition IV Co.
Warrants to purchase Common Stock 		P - Purchase 16,619 16,619
2021-08-11 2021-08-10 4 ROCGU Roth CH Acquisition IV Co.
Warrants to purchase Common Stock 		P - Purchase 16,619 16,619
2021-08-11 2021-08-10 4 ROCGU Roth CH Acquisition IV Co.
Common Stock 		P - Purchase 105,472 762,528 16.05 10.00 1,054,720 7,625,280
2021-08-11 2021-08-10 4 ROCGU Roth CH Acquisition IV Co.
Common Stock 		P - Purchase 33,238 33,238 10.00 332,380 332,380
2021-08-11 2021-08-10 4 ROCGU Roth CH Acquisition IV Co.
Common Stock 		P - Purchase 33,239 447,371 8.03 10.00 332,390 4,473,710
2021-08-05 3 ROCGU Roth CH Acquisition IV Co.
Common Stock 		414,132
2021-08-05 3 ROCGU Roth CH Acquisition IV Co.
Common Stock 		657,056
2021-03-08 2021-03-05 4 ROCRU Roth CH Acquisition III Co
Warrants to purchase Common Stock 		P - Purchase 3,161 3,161
2021-03-08 2021-03-05 4 ROCRU Roth CH Acquisition III Co
Warrants to purchase Common Stock 		P - Purchase 17,646 17,646
2021-03-08 2021-03-05 4 ROCRU Roth CH Acquisition III Co
Warrants to purchase Common Stock 		P - Purchase 13,928 13,928
2021-03-08 2021-03-05 4 ROCRU Roth CH Acquisition III Co
Common Stock 		P - Purchase 12,643 12,643 10.00 126,430 126,430
2021-03-08 2021-03-05 4 ROCRU Roth CH Acquisition III Co
Common Stock 		P - Purchase 70,584 567,961 14.19 10.00 705,840 5,679,610
2021-03-08 2021-03-05 4 ROCRU Roth CH Acquisition III Co
Common Stock 		P - Purchase 55,710 448,272 14.19 10.00 557,100 4,482,720
2021-03-02 3 ROCRU Roth CH Acquisition III Co
Common Stock 		392,562
2021-03-02 3 ROCRU Roth CH Acquisition III Co
Common Stock 		497,377
2020-12-17 2020-12-15 4 ROCCU Roth CH Acquisition II Co
Warrants to purchase Common Stock 		P - Purchase 90,281 90,281
2020-12-17 2020-12-15 4 ROCCU Roth CH Acquisition II Co
Warrants to purchase Common Stock 		P - Purchase 5,052 2 -100.04
2020-12-17 2020-12-15 4 ROCCU Roth CH Acquisition II Co
Common Stock 		P - Purchase 180,562 2,068,252 9.57 10.00 1,805,620 20,682,520
2020-12-17 2020-12-15 4 ROCCU Roth CH Acquisition II Co
Common Stock 		P - Purchase 10,105 115,748 9.57 10.00 101,050 1,157,480
2020-12-10 3 ROCCU Roth CH Acquisition II Co
Common Stock 		105,643
2020-12-10 3 ROCCU Roth CH Acquisition II Co
Common Stock 		1,887,690
2020-05-28 2020-05-26 4 ROCHU Roth CH Acquisition I Co
Warrants to purchase Common Stock 		P - Purchase 595 47,695 1.26
2020-05-28 2020-05-26 4 ROCHU Roth CH Acquisition I Co
Warrants to purchase Common Stock 		P - Purchase 313 25,147 1.26
2020-05-28 2020-05-26 4 ROCHU Roth CH Acquisition I Co
Common Stock 		J - Other -45,409 428,898 -9.57
2020-05-28 2020-05-26 4 ROCHU Roth CH Acquisition I Co
Common Stock 		P - Purchase 794 474,307 0.17 10.00 7,940 4,743,070
2020-05-28 2020-05-26 4 ROCHU Roth CH Acquisition I Co
Common Stock 		J - Other -60,261 354,270 -14.54
2020-05-28 2020-05-26 4 ROCHU Roth CH Acquisition I Co
Common Stock 		P - Purchase 418 414,531 0.10 10.00 4,180 4,145,310
2020-05-11 2020-05-07 4 ROCHU Roth CH Acquisition I Co
Warrants to purchase Common Stock 		P - Purchase 39,693 39,693
2020-05-11 2020-05-07 4 ROCHU Roth CH Acquisition I Co
Warrants to purchase Common Stock 		P - Purchase 27,187 27,187
2020-05-11 2020-05-07 4 ROCHU Roth CH Acquisition I Co
Common Stock 		P - Purchase 52,924 419,391 14.44 10.00 529,240 4,193,910
2020-05-11 2020-05-07 4 ROCHU Roth CH Acquisition I Co
Common Stock 		P - Purchase 36,250 418,086 9.49 10.00 362,500 4,180,860
2020-05-04 3 ROCHU Roth CH Acquisition I Co
Common Stock 		1,130,139
2020-05-04 3 ROCHU Roth CH Acquisition I Co
Common Stock 		1,114,770
2020-05-04 3 ROCHU Roth CH Acquisition I Co
Common Stock 		1,130,139
2020-05-04 3 ROCHU Roth CH Acquisition I Co
Common Stock 		1,114,770
2020-05-04 3 ROCHU Roth CH Acquisition I Co
Common Stock 		1,130,139
2020-05-04 3 ROCHU Roth CH Acquisition I Co
Common Stock 		1,114,770
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)