Rebecca Reed
CuriosityStreamAbout Rebecca Reed
Rebecca Reed is General Counsel of CuriosityStream, effective January 1, 2025; she previously served as Vice President and Associate General Counsel from July 2021 to December 2024, following senior legal roles at PBS and a 15-year tenure at Discovery Communications in Business Affairs and Programming Legal; earlier roles include Associate at Davis Wright Tremaine and Deputy General Counsel for the Bill Bradley for President campaign; she holds a BA from the University of Michigan and a JD from The George Washington University Law School . Company performance during her tenure at CURI shows FY 2024 revenue of $51.134M vs. $56.889M in FY 2023, while EBITDA turned positive to $6.343M in FY 2024 from -$1.281M in FY 2023 [GetFinancials:EBITDA*].
Company performance (latest fiscal years):
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Revenues (USD) | 56,889,000 | 51,134,000 |
| EBITDA (USD) | -1,281,000* | 6,343,000* |
Note: * Values retrieved from S&P Global.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| CuriosityStream | VP & Associate General Counsel | Jul 2021–Dec 2024 | Senior in-house counsel supporting business/legal affairs |
| PBS | Vice President, Business Affairs | n/a | Oversight of business affairs functions |
| Discovery Communications | VP, Business Affairs & Programming Legal | ~15 years | Business and programming legal leadership |
| Davis Wright Tremaine (law firm) | Associate | n/a | Legal practice (Washington, D.C.) |
| Bill Bradley for President (campaign) | Deputy General Counsel | n/a | Campaign legal oversight |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PBS | Vice President, Business Affairs | n/a | Business affairs for public media |
| Discovery Communications | VP, Business Affairs & Programming Legal | ~15 years | Content/programming legal |
Fixed Compensation
- Not disclosed. Ms. Reed was not a named executive officer in FY 2024; the Summary Compensation Table covers the CEO, COO/GC (Ms. Cudahy), and CFOs for 2024/2023, but not Ms. Reed .
Performance Compensation
- Performance-based RSUs: 13,333 units that expire at the end of Q3 2025 if performance conditions are not met; until vested, they carry no voting or dividend rights but are considered issued and outstanding . Specific performance metrics and grant date were not disclosed for Ms. Reed .
Equity Ownership & Alignment
Beneficial ownership as of April 8, 2025 (based on 56,930,262 shares outstanding):
| Category | Shares/Status | Notes |
|---|---|---|
| Direct common stock | 21,809 | Held directly |
| Time-vested restricted shares | 846 (unvested) | Vest in equal monthly increments through Sept 30, 2025 |
| Performance-based RSUs | 13,333 (unvested) | Expire end of Q3 2025 if not vested; no voting/dividends until vest; considered issued and outstanding |
| Total beneficial ownership | 35,988 | From Security Ownership table |
| % of shares outstanding | 0.1% | Based on 56,930,262 O/S as of Apr 8, 2025 |
| Hedging/Pledging | Prohibited absent advance GC approval | Company policy bans hedging/shorts/derivatives and pledging/margin without GC approval |
Additional policy context:
- Insider Trading/Hedging: Directors/officers are prohibited from hedging and derivative transactions; pledging/margin requires General Counsel pre-approval (policy applies to officers and certain employees) .
Employment Terms
- Appointment: General Counsel effective January 1, 2025 .
- Severance/Change-in-Control: The proxy details a company Severance Pay Plan applicable to named executive officers without severance agreements (e.g., Ms. Cudahy and Mr. Hayden); severance equals one month of base pay per year of service, with 3–12 months cap, subject to release; Ms. Reed’s eligibility is not specified in the proxy .
- Clawback: The CEO’s employment agreement expressly subjects incentive/equity compensation to clawback as required by law/listing standards; no separate clawback disclosure specific to Ms. Reed was identified .
Investment Implications
- Alignment: Ms. Reed holds a modest equity stake (0.1%) including unvested time-based and performance-based awards—adequate for baseline alignment but not a strong ownership signal; pledging/hedging safeguards reduce misalignment risk .
- Vesting/Selling Pressure: 846 time-based shares vest monthly through 9/30/2025, but size is de minimis for market impact; the 13,333 performance RSUs either vest upon meeting conditions or expire in Q3 2025—vesting would indicate achievement of undisclosed performance goals and could be a positive operating signal; expiration would eliminate incremental selling overhang .
- Retention Risk: No individual employment/severance terms are disclosed for Ms. Reed; absence of publicly disclosed protections suggests average retention risk for a GC, mitigated by ongoing equity vesting .
- Performance Backdrop: FY 2024 revenue declined year over year, while EBITDA turned positive—legal/commercial execution in licensing and content partnerships (core GC domain) is likely to remain critical to sustaining cash flow progress; monitor subsequent proxies/8‑Ks for any updates on Ms. Reed’s compensation metrics and equity grants as she becomes a named executive officer [GetFinancials:EBITDA*].
Citations
- Biography, appointment, education:
- Summary Compensation Table scope:
- Ownership table (totals, % O/S, share count basis):
- Reed equity footnote (21,809 direct; 846 time-vested; 13,333 performance RSUs; rights/expiration):
- Insider trading, hedging/pledging policy:
- Severance plan description and eligibility examples:
- CEO clawback clause reference:
- Revenue and EBITDA: and S&P Global for EBITDA values (see table note).