RSVR

SEC source: 0001209191-23-035038 · doc4.xml · nonDerivative · entry 1

Heindlmeyer James A · CIK 0001864346 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,650

F1 · kind: 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.

SEC source: 0001209191-23-035219 · doc4.xml · nonDerivative · entry 2

Khosrowshahi Golnar · CIK 0001743515 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 306,570

F2 · shares: 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 on April 1, 2024 subject to the Reporting Person's continued service to the Issuer on such date.

SEC source: 0001209191-23-035213 · doc4.xml · nonDerivative · entry 4

Lafargue Rell Q. Jr. · CIK 0001865887 · Director · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 332,208

F3 · shares: 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.

SEC source: 0001214659-23-008297 · marketforms-61762.xml · nonDerivative · entry 1

ER Reservoir LLC · CIK 0001875478 · 10% owner

Richmond Hill Investments, LLC · CIK 0001455952 · May be deemed a 10% owner

Richmond Hill Capital Management, LLC · CIK 0001501573 · May be deemed a 10% owner

ESSEX EQUITY HOLDINGS, LLC · CIK 0001667008 · May be deemed a 10% owner

Taylor Ryan P. · CIK 0001501578 · May be deemed a 10% owner

LIU JOHN D · CIK 0001288449 · May be deemed a 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 16,449

F1 · kind: The shares being reported on this Form 4 represent Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan") to Ryan P. Taylor. 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 DSUs were issued in connection with Mr. Taylor's quarterly compensation for service as a non-employee director. Mr. Taylor elected to receive payment of his quarterly compensation in DSUs in lieu of cash. The DSUs will be settled in shares of Common Stock on July 29, 2024. (the "Settlement Date").

F2 · shares: The number of DSUs received was calculated based on $6.54, which was the closing price of the Issuer's Common Stock on the date of grant.

F3 · ownership.nature: Amount of securities beneficially owned following the reported transaction includes 12,578 shares of Common Stock underlying Restricted Stock Units ("RSUs") awarded under the Plan to Mr. Taylor and 3,871 shares of Common Stock underlying DSUs awarded to Mr. Taylor for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC (the "Fund"), Mr. Taylor has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of the Fund on the applicable Settlement Date. Mr. Taylor disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.

SEC source: 0001209191-23-034756 · doc4.xml · nonDerivative · entry 1

Field Ezra S. · CIK 0001864193 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,196

F1 · kind: 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 of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 2, 2024 (the "Settlement Date")

F2 · shares: The number of DSUs received was calculated based on $6.54, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-23-034760 · doc4.xml · nonDerivative · entry 1

Rothstein Adam · CIK 0001602273 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 250,163

F1 · kind: 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 of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 2, 2024 (the "Settlement Date")

F2 · shares: The number of DSUs received was calculated based on $6.54, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-23-034750 · doc4.xml · nonDerivative · entry 1

Taylor Ryan P. · CIK 0001501578 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,449

F1 · kind: 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 of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on July 29, 2024 (the "Settlement Date").

F2 · shares: The number of DSUs received was calculated based on $6.54, which was the closing price of the Issuer's Common Stock on the date of grant.

F3 · balance_after: Represents Restricted Stock Units ("RSUs") awarded under the Plan and DSUs awarded in connection with the Reporting Person's compensation for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC, Reporting Person has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of ER Reservoir LLC on the applicable Settlement Date. The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.

SEC source: 0001209191-23-034742 · doc4.xml · nonDerivative · entry 1

Cook Stephen M. · CIK 0001867327 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 901,824

F1 · kind: 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 July 29, 2024.

F2 · shares: The number of DSUs received was calculated based on $6.54, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-23-035213 · doc4.xml · nonDerivative · entry 3

Lafargue Rell Q. Jr. · CIK 0001865887 · Director · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 189,790

F1 · shares: 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.

SEC source: 0001209191-23-035213 · doc4.xml · nonDerivative · entry 2

Lafargue Rell Q. Jr. · CIK 0001865887 · Director · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 155,279

F1 · shares: 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.

SEC source: 0001209191-23-035219 · doc4.xml · nonDerivative · entry 1

Khosrowshahi Golnar · CIK 0001743515 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 161,460

F1 · shares: 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.

SEC source: 0001209191-23-011327 · doc4.xml · nonDerivative · entry 1

Taylor Ryan P. · CIK 0001501578 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,685

F1 · kind: 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 of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on July 28, 2023 (the "Settlement Date")

F2 · shares: The number of DSUs received was calculated based on $6.99, which was the closing price of the Issuer's Common Stock on the date of grant.

F3 · balance_after: Represents Restricted Stock Units ("RSUs") awarded under the Plan and DSUs awarded in connection with the Reporting Person's compensation for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC, Reporting Person has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of ER Reservoir LLC on the applicable Settlement Date. The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.

SEC source: 0001214659-23-002912 · marketforms-59587.xml · nonDerivative · entry 1

ER Reservoir LLC · CIK 0001875478 · 10% owner

Richmond Hill Investments, LLC · CIK 0001455952 · May be deemed a 10% owner

Richmond Hill Capital Management, LLC · CIK 0001501573 · May be deemed a 10% owner

ESSEX EQUITY HOLDINGS, LLC · CIK 0001667008 · May be deemed a 10% owner

Taylor Ryan P. · CIK 0001501578 · May be deemed a 10% owner

LIU JOHN D · CIK 0001288449 · May be deemed a 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 15,685

F1 · kind: The shares being reported on this Form 4 represent Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan") to Ryan P. Taylor. 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 DSUs were issued in connection with Mr. Taylor's quarterly compensation for service as a non-employee director. Mr. Taylor elected to receive payment of his quarterly compensation in DSUs in lieu of cash. The DSUs will be settled in shares of Common Stock on July 28, 2023 (the "Settlement Date").

F2 · shares: The number of DSUs received was calculated based on $6.99, which was the closing price of the Issuer's Common Stock on the date of grant.

F3 · ownership.nature: Amount of securities beneficially owned following the reported transaction includes 12,578 shares of Common Stock underlying Restricted Stock Units ("RSUs") awarded under the Plan to Mr. Taylor and 3,107 shares of Common Stock underlying DSUs awarded to Mr. Taylor for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC (the"Fund"), Mr. Taylor has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of the Fund on the applicable Settlement Date. Mr. Taylor disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.

SEC source: 0001209191-23-011643 · doc4.xml · nonDerivative · entry 1

Koss Jennifer G. · CIK 0001872100 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,625

F1 · kind: 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 upon the Reporting Person's departure from the Board of the Issuer.

F2 · shares: The number of DSUs received was calculated based on $6.99, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-23-011618 · doc4.xml · nonDerivative · entry 1

Field Ezra S. · CIK 0001864193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 88,285

F1 · kind: Represents common stock, $0.0001 par value per share, of Reservoir Media, Inc. (the "Issuer") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). The Reporting Person received these shares in connection with the Reporting Person's quarterly compensation for service as a non-employee director.

SEC source: 0001209191-23-011624 · doc4.xml · nonDerivative · entry 1

Rothstein Adam · CIK 0001602273 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 249,399

F1 · kind: Represents common stock, $0.0001 par value per share, of Reservoir Media, Inc. (the "Issuer") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). The Reporting Person received these shares in connection with the Reporting Person's quarterly compensation for service as a non-employee director.

SEC source: 0001209191-23-011606 · doc4.xml · nonDerivative · entry 1

Cook Stephen M. · CIK 0001867327 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 901,060

F1 · kind: 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 of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on July 28, 2023 (the "Settlement Date").

F2 · shares: The number of DSUs received was calculated based on $6.99, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-22-058809 · doc4.xml · nonDerivative · entry 1

Koss Jennifer G. · CIK 0001872100 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,910

F1 · kind: 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 upon the Reporting Person's departure from the Board of the Issuer.

F2 · balance_after: The number of DSUs received was calculated based on $6.10, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-22-058812 · doc4.xml · nonDerivative · entry 1

Field Ezra S. · CIK 0001864193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,497

F1 · kind: 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 January 1, 2023, subject to the Reporting Person's continued service on the Board on such date.

F2 · balance_after: The number of DSUs received was calculated based on $6.10, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-22-058814 · doc4.xml · nonDerivative · entry 1

Rothstein Adam · CIK 0001602273 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 248,684

F1 · kind: 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 January 1, 2023, subject to the Reporting Person's continued service on the Board on such date.

F2 · balance_after: The number of DSUs received was calculated based on $6.10, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0001209191-22-058816 · doc4.xml · nonDerivative · entry 1

Taylor Ryan P. · CIK 0001501578 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,970

F1 · kind: 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.

F2 · balance_after: 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.

SEC source: 0001209191-22-058807 · doc4.xml · nonDerivative · entry 1

Cook Stephen M. · CIK 0001867327 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 900,345

F1 · kind: 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.

F2 · balance_after: 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.

SEC source: 0000950142-22-002745 · es220288171_4-koss.xml · nonDerivative · entry 2

Koss Jennifer G. · CIK 0001872100 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,090

F2 · kind: Represents Deferred Stock Units ("DSUs") awarded under the Plan. Each DSU is the economic equivalent of one share of Common Stock. 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 upon the Reporting Person's departure from the Board of the Issuer.

F3 · balance_after: The number of DSUs received was calculated based on $6.36, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0000950142-22-002745 · es220288171_4-koss.xml · nonDerivative · entry 1

Koss Jennifer G. · CIK 0001872100 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,518

F1 · kind: Represents restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest on September 15, 2023, subject to the Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.

SEC source: 0000950142-22-002748 · es220288170_4-field.xml · nonDerivative · entry 2

Field Ezra S. · CIK 0001864193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 84,448

F2 · kind: Represents Deferred Stock Units ("DSUs") awarded under the Plan. Each DSU is the economic equivalent of one share of Common Stock. 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 January 1, 2023, subject to the Reporting Person's continued service on the Board on such date.

F3 · balance_after: The number of DSUs received was calculated based on $6.36, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0000950142-22-002748 · es220288170_4-field.xml · nonDerivative · entry 1

Field Ezra S. · CIK 0001864193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 80,518

F1 · kind: Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest on September 15, 2022, subject to the Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.

SEC source: 0000950142-22-002744 · es220288168_4-degelder.xml · nonDerivative · entry 1

de Gelder Neil · CIK 0001863997 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,518

F1 · kind: 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 on September 15, 2023, subject to the Reporting Person's continued service on the board of directors of the Issuer on such date.

SEC source: 0000950142-22-002749 · es220288172_4-rothstein.xml · nonDerivative · entry 2

Rothstein Adam · CIK 0001602273 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 247,864

F2 · kind: Represents Deferred Stock Units ("DSUs") awarded under the Plan. Each DSU is the economic equivalent of one share of Common Stock. 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 January 1, 2023, subject to the Reporting Person's continued service on the Board on such date.

F3 · balance_after: The number of DSUs received was calculated based on $6.36, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0000950142-22-002749 · es220288172_4-rothstein.xml · nonDerivative · entry 1

Rothstein Adam · CIK 0001602273 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 246,292

F1 · kind: Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest on September 15, 2023, subject to the Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.

SEC source: 0000950142-22-002747 · es220288175_4-taylor.xml · nonDerivative · entry 2

Taylor Ryan P. · CIK 0001501578 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,090

F2 · kind: Represents Deferred Stock Units ("DSUs") awarded under the Plan. Each DSU is the economic equivalent of one share of Common Stock. 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.

F3 · balance_after: The number of DSUs received was calculated based on $6.36, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0000950142-22-002747 · es220288175_4-taylor.xml · nonDerivative · entry 1

Taylor Ryan P. · CIK 0001501578 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,518

F1 · kind: Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest on September 15, 2023, subject to the Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.

SEC source: 0000950142-22-002746 · es220288166_4-cook.xml · nonDerivative · entry 2

Cook Stephen M. · CIK 0001867327 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 899,525

F2 · kind: Represents Deferred Stock Units ("DSUs") awarded under the Plan. Each DSU is the economic equivalent of one share of Common Stock. 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.

F3 · balance_after: The number of DSUs received was calculated based on $6.36, which was the closing price of the Issuer's Common Stock on the date of grant.

SEC source: 0000950142-22-002746 · es220288166_4-cook.xml · nonDerivative · entry 1

Cook Stephen M. · CIK 0001867327 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 897,953

F1 · kind: Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest on September 15, 2023, subject to the Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.

SEC source: 0001104659-22-089149 · tm2223206-1_4seq1.xml · nonDerivative · entry 1

Field Ezra S. · CIK 0001864193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,940

SEC source: 0000950142-22-002385 · es220275888_4-croft.xml · nonDerivative · entry 2

Croft Helima · CIK 0001873031 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F2 · shares: Reflects the gift of common stock as charitable contribution made by Reporting Person. No shares were sold.

SEC source: 0000950142-22-002385 · es220275888_4-croft.xml · nonDerivative · entry 1

Croft Helima · CIK 0001873031 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,940

F1 · shares: Represents common stock, $0.0001 par value per share, of Reservoir Media, Inc. (the "Issuer") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan.

SEC source: 0001214659-22-008552 · marketforms-56600.xml · nonDerivative · entry 2

Essex Equity Joint Investment Vehicle, LLC · CIK 0001534789 · May be deemed a 10% owner

Richmond Hill Investments, LLC · CIK 0001455952 · May be deemed a 10% owner

ESSEX EQUITY HOLDINGS, LLC · CIK 0001667008 · May be deemed a 10% owner

LIU JOHN D · CIK 0001288449 · May be deemed a 10% owner

Taylor Ryan P. · CIK 0001501578 · May be deemed a 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 418,576

F8 · price: The 17,078 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $6.39 to $6.50 per share. The price reported above reflects the weighted average purchase price per Share. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F2 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group holding equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such group.

F3 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group with Richmond Hill Capital Partners, LP and certain of its affiliates (collectively, the "RH Entities"), which are separately filing a Form 4 with respect to equity securities of the Issuer on the date hereof, and with ER Reservoir LLC and certain of its affiliates (collectively, the "ER Entities"), which have previously filed a Form 3 with respect to equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such a group with any of the RH Entities or the ER Entities and the Reporting Persons disclaim beneficial ownership of any securities beneficially owned by the RH Entities and the ER Entities, except to the extent of their pecuniary interests therein.

F4 · ownership.direct: The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("Essex"). Ryan P. Taylor owns an equity interest in an entity that may be deemed to have a pecuniary interest in the Shares owned by Essex and therefore may be deemed to be a beneficial owner of the Shares owned by Essex. Mr. Taylor 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.

F5 · ownership.direct: As the manager of Essex, Richmond Hill Investments, LLC (the "RHI Manager") may be deemed to be a beneficial owner of the Issuer's securities held by Essex. The RHI Manager 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 its pecuniary interest therein.

F6 · ownership.direct: As the manager of the RHI Manager, Essex Equity Holdings, LLC (the "EEH Manager") may be deemed to be a beneficial owner of the Issuer's securities held by Essex. The EEH Manager 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 its pecuniary interest therein.

F7 · ownership.direct: As the manager of the EEH Manager, John D. Liu may be deemed to be a beneficial owner of the Issuer's securities held by Essex. Mr. Liu 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.

SEC source: 0001214659-22-008551 · marketforms-56599.xml · nonDerivative · entry 2

Richmond Hill Capital Partners, LP · CIK 0001501574 · May be deemed a 10% owner

Richmond Hill Advisors, LLC · CIK 0001501572 · May be deemed a 10% owner

Richmond Hill Investment Co., LP · CIK 0001501577 · May be deemed a 10% owner

Richmond Hill Capital Management, LLC · CIK 0001501573 · May be deemed a 10% owner

Taylor Ryan P. · CIK 0001501578 · May be deemed a 10% owner

LIU JOHN D · CIK 0001288449 · May be deemed a 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 179,389

F9 · price: The 7,319 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $6.39 to $6.50 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F2 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group holding equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such group.

F3 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group with Essex Equity Joint Investment Vehicle, LLC and certain of its affiliates (collectively, the "Essex Entities"), which are separately filing a Form 4 with respect to equity securities of the Issuer on the date hereof, and with ER Reservoir LLC and certain of its affiliates (collectively, the "ER Entities"), which have previously filed a Form 3 with respect to equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such a group with any of the Essex Entities or the ER Entities and the Reporting Persons disclaim beneficial ownership of any securities beneficially owned by the Essex Entities and the ER Entities, except to the extent of their pecuniary interests therein.

F4 · ownership.direct: The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). John D. Liu owns an equity interest in an entity that may be deemed to have a pecuniary interest in the Shares owned by RHCP and therefore may be deemed to be a beneficial owner of the Shares owned by RHCP. Mr. Liu 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.

F5 · ownership.direct: As the general partner of RHCP, Richmond Hill Advisors, LLC (the "General Partner") may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. The General Partner 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 its pecuniary interest therein.

F6 · ownership.direct: As the investment adviser to RHCP, Richmond Hill Investment Co., LP ("RHIC") may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. RHIC 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 its pecuniary interest therein.

F7 · ownership.direct: As the general partner of RHIC, Richmond Hill Capital Management, LLC ("RHCM") may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. RHCM 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 its pecuniary interest therein.

F8 · ownership.direct: As the managing member of the General Partner and the manager of RHCM, Ryan P. Taylor may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. Mr. Taylor 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.

SEC source: 0000950142-22-002065 · es220266961_4-taylor.xml · nonDerivative · entry 5

Taylor Ryan P. · CIK 0001501578 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Essex Equity Joint Investment Vehicle, LLC

Disclosed balance after: 418,576

F7 · price: The 17,078 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $6.39 to $6.50 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F6 · ownership.nature: The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("EEJIV"). Ryan P. Taylor 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. Mr. Taylor 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.

SEC source: 0000950142-22-002065 · es220266961_4-taylor.xml · nonDerivative · entry 3

Taylor Ryan P. · CIK 0001501578 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Richmond Hill Capital Partners, LP

Disclosed balance after: 179,389

F4 · price: The 7,319 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $6.39 to $6.50 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F3 · ownership.nature: The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). Ryan P. Taylor 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. Mr. Taylor 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.

SEC source: 0000950142-22-002073 · es220267007_4-cook.xml · nonDerivative · entry 3

Cook Stephen M. · CIK 0001867327 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By BTCSJC Music LLC

Disclosed balance after: 226,089

F3 · price: The Reporting Person purchased 23,506 shares of Common Stock of the Issuer in multiple trades at prices ranging from $6.33 to $6.67 per share. The price reported above reflects the weighted average purchase price per share of the Common Stock. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares of the Common Stock purchased and prices at which the transactions were effected.

SEC source: 0000950142-22-002068 · es220267016_4-koss.xml · nonDerivative · entry 1

Koss Jennifer G. · CIK 0001872100 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,940

F1 · kind: 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 on July 28, 2022, subject to the Reporting Person's continued service on the board of directors of the Issuer on such date.

SEC source: 0000950142-22-002067 · es220267014_4-field.xml · nonDerivative · entry 1

Field Ezra S. · CIK 0001864193 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,940

F1 · kind: 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 on July 28, 2022, subject to the Reporting Person's continued service on the board of directors of the Issuer on such date.

SEC source: 0000950142-22-002066 · es220267010_4-degelder.xml · nonDerivative · entry 1

de Gelder Neil · CIK 0001863997 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,940

F1 · kind: 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 on July 28, 2022, subject to the Reporting Person's continued service on the board of directors of the Issuer on such date.

SEC source: 0001214659-22-008552 · marketforms-56600.xml · nonDerivative · entry 1

Essex Equity Joint Investment Vehicle, LLC · CIK 0001534789 · May be deemed a 10% owner

Richmond Hill Investments, LLC · CIK 0001455952 · May be deemed a 10% owner

ESSEX EQUITY HOLDINGS, LLC · CIK 0001667008 · May be deemed a 10% owner

LIU JOHN D · CIK 0001288449 · May be deemed a 10% owner

Taylor Ryan P. · CIK 0001501578 · May be deemed a 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 401,498

F1 · price: The 92,413 shares of common stock, par value $0.0001 per share (the "Shares"), of Reservoir Media, Inc. (the "Issuer") reported on this Form 4 were purchased in multiple trades at prices ranging from $6.10 to $6.74 per share. The price reported above reflects the weighted average purchase price per Share. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F2 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group holding equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such group.

F3 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group with Richmond Hill Capital Partners, LP and certain of its affiliates (collectively, the "RH Entities"), which are separately filing a Form 4 with respect to equity securities of the Issuer on the date hereof, and with ER Reservoir LLC and certain of its affiliates (collectively, the "ER Entities"), which have previously filed a Form 3 with respect to equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such a group with any of the RH Entities or the ER Entities and the Reporting Persons disclaim beneficial ownership of any securities beneficially owned by the RH Entities and the ER Entities, except to the extent of their pecuniary interests therein.

F4 · ownership.direct: The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("Essex"). Ryan P. Taylor owns an equity interest in an entity that may be deemed to have a pecuniary interest in the Shares owned by Essex and therefore may be deemed to be a beneficial owner of the Shares owned by Essex. Mr. Taylor 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.

F5 · ownership.direct: As the manager of Essex, Richmond Hill Investments, LLC (the "RHI Manager") may be deemed to be a beneficial owner of the Issuer's securities held by Essex. The RHI Manager 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 its pecuniary interest therein.

F6 · ownership.direct: As the manager of the RHI Manager, Essex Equity Holdings, LLC (the "EEH Manager") may be deemed to be a beneficial owner of the Issuer's securities held by Essex. The EEH Manager 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 its pecuniary interest therein.

F7 · ownership.direct: As the manager of the EEH Manager, John D. Liu may be deemed to be a beneficial owner of the Issuer's securities held by Essex. Mr. Liu 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.

SEC source: 0000950142-22-002069 · es220267017_4-rothstein.xml · nonDerivative · entry 1

Rothstein Adam · CIK 0001602273 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 233,714

F1 · kind: 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 on July 28, 2022, subject to the Reporting Person's continued service on the board of directors of the Issuer on such date.

SEC source: 0001214659-22-008551 · marketforms-56599.xml · nonDerivative · entry 1

Richmond Hill Capital Partners, LP · CIK 0001501574 · May be deemed a 10% owner

Richmond Hill Advisors, LLC · CIK 0001501572 · May be deemed a 10% owner

Richmond Hill Investment Co., LP · CIK 0001501577 · May be deemed a 10% owner

Richmond Hill Capital Management, LLC · CIK 0001501573 · May be deemed a 10% owner

Taylor Ryan P. · CIK 0001501578 · May be deemed a 10% owner

LIU JOHN D · CIK 0001288449 · May be deemed a 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,070

F1 · price: The 39,605 shares of common stock, par value $0.0001 per share (the "Shares"), of Reservoir Media, Inc. (the "Issuer") reported on this Form 4 were purchased in multiple trades at prices ranging from $6.10 to $6.74 per share. The price reported above reflects the weighted average purchase price per Share. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F2 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group holding equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such group.

F3 · ownership.direct: The Reporting Persons listed on this Form 4 may be deemed members of a group with Essex Equity Joint Investment Vehicle, LLC and certain of its affiliates (collectively, the "Essex Entities"), which are separately filing a Form 4 with respect to equity securities of the Issuer on the date hereof, and with ER Reservoir LLC and certain of its affiliates (collectively, the "ER Entities"), which have previously filed a Form 3 with respect to equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such a group with any of the Essex Entities or the ER Entities and the Reporting Persons disclaim beneficial ownership of any securities beneficially owned by the Essex Entities and the ER Entities, except to the extent of their pecuniary interests therein.

F4 · ownership.direct: The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). John D. Liu owns an equity interest in an entity that may be deemed to have a pecuniary interest in the Shares owned by RHCP and therefore may be deemed to be a beneficial owner of the Shares owned by RHCP. Mr. Liu 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.

F5 · ownership.direct: As the general partner of RHCP, Richmond Hill Advisors, LLC (the "General Partner") may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. The General Partner 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 its pecuniary interest therein.

F6 · ownership.direct: As the investment adviser to RHCP, Richmond Hill Investment Co., LP ("RHIC") may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. RHIC 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 its pecuniary interest therein.

F7 · ownership.direct: As the general partner of RHIC, Richmond Hill Capital Management, LLC ("RHCM") may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. RHCM 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 its pecuniary interest therein.

F8 · ownership.direct: As the managing member of the General Partner and the manager of RHCM, Ryan P. Taylor may be deemed to be a beneficial owner of the Issuer's securities held by RHCP. Mr. Taylor 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.

SEC source: 0000950142-22-002065 · es220266961_4-taylor.xml · nonDerivative · entry 4

Taylor Ryan P. · CIK 0001501578 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Essex Equity Joint Investment Vehicle, LLC

Disclosed balance after: 401,498

F5 · price: The 92,413 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $6.10 to $6.74 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F6 · ownership.nature: The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("EEJIV"). Ryan P. Taylor 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. Mr. Taylor 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.

SEC source: 0000950142-22-002065 · es220266961_4-taylor.xml · nonDerivative · entry 2

Taylor Ryan P. · CIK 0001501578 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Richmond Hill Capital Partners, LP

Disclosed balance after: 172,070

F2 · price: The 39,605 shares of common stock, par value $0.0001 per share (the "Shares"), of the Issuer reported on this Form 4 were purchased in multiple trades at prices ranging from $6.10 to $6.74 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.

F3 · ownership.nature: The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). Ryan P. Taylor 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. Mr. Taylor 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.

SEC source: 0000950142-22-002065 · es220266961_4-taylor.xml · nonDerivative · entry 1

Taylor Ryan P. · CIK 0001501578 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,940

F1 · kind: 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 on July 28, 2022, subject to the Reporting Person's continued service on the board of directors of the Issuer on such date.