# EDGAR Filing Document

**Accession Number:** 0001501572
**File Stem:** 0001140361-26-007759
**Filing Date:** 2026-3
**Character Count:** 50293
**Document Hash:** 7bc99411c8f29dd4eb17aa6ace84a30b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-007759.hdr.sgml**: 20260304

**ACCESSION NUMBER**: 0001140361-26-007759

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260304

**DATE AS OF CHANGE**: 20260304

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Reservoir Media, Inc.
- **CENTRAL INDEX KEY:** 0001824403
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92123
- **FILM NUMBER:** 26719101

**BUSINESS ADDRESS:**
- **STREET 1:** 200 VARICK STREET, SUITE 801
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10014
- **BUSINESS PHONE:** 212-675-0541

**MAIL ADDRESS:**
- **STREET 1:** 200 VARICK STREET, SUITE 801
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10014

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Roth CH Acquisition II Co
- **DATE OF NAME CHANGE:** 20200911
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Richmond Hill Advisors, LLC
- **CENTRAL INDEX KEY:** 0001501572

**ORGANIZATION NAME:**
- **EIN:** 272800828
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 381 PARK AVENUE SOUTH
- **STREET 2:** SUITE 1101
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 212-989-2700

**MAIL ADDRESS:**
- **STREET 1:** 381 PARK AVENUE SOUTH
- **STREET 2:** SUITE 1101
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

## Ex-24

------

**EXHIBIT 24**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D, and amendments thereto, relating to the common stock, par value $0.0001 per share, of Reservoir Media, Inc. This Joint Filing Agreement shall be included as an exhibit to such joint filing and may be executed in any number of counterparts, all of which together shall constitute one and the same instrument.

Dated: March 3, 2026

---

| | |
|:---|:---|
| **ER RESERVOIR LLC**  | **ER RESERVOIR LLC**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Managing Director  |
| **RICHMOND HILL CAPITAL PARTNERS, LP**  | **RICHMOND HILL CAPITAL PARTNERS, LP**  |
| By: Richmond Hill Advisors, LLC, as General Partner | By: Richmond Hill Advisors, LLC, as General Partner |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: Ryan P. Taylor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Managing Member | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Managing Member |
| **ESSEX EQUITY JOINT INVESTMENT VEHICLE, LLC**  | **ESSEX EQUITY JOINT INVESTMENT VEHICLE, LLC**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ John D. Liu  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ John D. Liu  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John D. Liu  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Managing Director  |
| **RICHMOND HILL INVESTMENTS, LLC**  | **RICHMOND HILL INVESTMENTS, LLC**  |
| By: Essex Equity Holdings, LLC, as Manager | By: Essex Equity Holdings, LLC, as Manager |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ John D. Liu  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ John D. Liu  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John D. Liu  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manager  |

---

------

---

| | |
|:---|:---|
| **RICHMOND HILL INVESTMENT CO., LP**  | **RICHMOND HILL INVESTMENT CO., LP**  |
| By: Richmond Hill Capital Management, LLC, as General Partner | By: Richmond Hill Capital Management, LLC, as General Partner |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manager  |
| **RICHMOND HILL CAPITAL MANAGEMENT, LLC**  | **RICHMOND HILL CAPITAL MANAGEMENT, LLC**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan P. Taylor  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manager  |
| **RICHMOND HILL ADVISORS, LLC**  | **RICHMOND HILL ADVISORS, LLC**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Ryan P. Taylor  |
| Name: Ryan P. Taylor  | Name: Ryan P. Taylor  |
| Title: Manager  | Title: Manager  |
| **RYAN P. TAYLOR** | **RYAN P. TAYLOR** |
| /s/ Ryan P. Taylor | /s/ Ryan P. Taylor |
| Name: Ryan P. Taylor | Name: Ryan P. Taylor |

---

------

## Exhibit 99.1

------

**Exhibit 99.1**<br>

Richmond Hill Investment Co., LP Wesbild, Inc. <br> 381 Park Avenue South, Suite 1101 2600 – 1055 West Georgia Street <br> New York, New York 10016 Vancouver BC V6E 3P3

March 3, 2026

Board of Directors

Reservoir Media, Inc.

200 Varick Street

Suite 801

New York, NY 10014

Dear Members of the Board of Directors:

We are pleased to submit on behalf of Richmond Hill Investment Co., LP ("Richmond Hill") and Wesbild, Inc. ("Wesbild" and together with Richmond Hill, the "Investors" or "we") this non-binding proposal (the "Proposal") to acquire all of the outstanding shares of common stock of Reservoir Media, Inc. ("Reservoir" or the "Company") not already owned by Richmond Hill or Wesbild at a cash purchase price of $10.50 per share. The offer price represents a premium of approximately 39% over the closing price on February 25, 2026, the trading day immediately prior to the day that the Company's receipt of an unsolicited acquisition offer was first publicly reported, and approximately 41% over the 90-day volume-weighted average trading price (through February 25, 2026), of the Company's common stock.

Our proposal offers the Company's stockholders that are not the Investors or certain of their affiliates an opportunity to derisk their investment at a compelling valuation, providing an attractive liquidity option and certainty of full and fair value. At the proposed purchase price, the implied enterprise value to EBITDA multiple (based upon the midpoint of the Company's publicly disclosed guidance for the fiscal year ending 2026) is approximately 15.6x, a material premium to the trading multiple of comparable companies.

Wesbild, together with its affiliates, beneficially owns approximately 44% of the outstanding shares of common stock of the Company, and we are highly confident that certain other significant stockholders of the Company will be supportive of the transaction.

Richmond Hill intends to obtain the requisite financing with respect to the transaction and, based on feedback received from premier institutional investors, we expect that such financing can be obtained promptly. The proposed transaction would not be subject to any financing contingency or condition.

We expect that the Board will form a special committee of independent and disinterested directors (the "Special Committee") of the Board which will be fully empowered to review and accept or reject this Proposal or any other proposal we or any unaffiliated third party may make. The Investors expect that the Special Committee will select and engage independent legal and financial advisors to advise it in connection with the Proposal. The Investors will not move forward with the Proposal unless it is approved by such a Special Committee.

Please know that we are interested only in acquiring the outstanding common stock of the Company that the Investors or certain of their affiliates do not already own. At this time, neither Richmond Hill nor Wesbild is interested in selling shares in the Company to a third party.

Richmond Hill and Wesbild will promptly satisfy their legal obligations to amend their current Schedule 13D filings with respect to the Company, and will include a copy of this letter as an exhibit. None of the "reporting persons" identified in such Schedule 13D amendment other than Richmond Hill and Wesbild are to be considered "Investors" as defined herein.

------

The Investors reserve the right to withdraw or modify this Proposal until such time as definitive agreements are entered into between the Company, Richmond Hill and Wesbild.

Richmond Hill has retained Chapman and Cutler LLP and Wesbild has retained Kirkland & Ellis LLP as legal advisors in this matter.

We look forward to working with the Special Committee and its advisors to expeditiously negotiate and consummate a mutually acceptable transaction. We are available at your convenience to discuss any aspects of our Proposal and this important transaction.

Sincerely,

---

| | |
|:---|:---|
| /s/ Ryan P. Taylor | /s/ Hassan Khosrowshahi |
| Ryan P. Taylor | Hassan Khosrowshahi |
| Managing Partner | Chairman |
| Richmond Hill Investment Co., LP | Wesbild, Inc. |

---

------

## Exhibit 99.2

------

**Exhibit 99.2**<br>

Summary of Terms Between Richmond Hill and Wesbild

This preliminary summary of terms (this "<u>Term Sheet</u>"), dated as of March 3, 2026, is (a) non-binding, has been provided for information purposes only, and does not constitute or give rise to any obligation, express or implied, on behalf of any person, to negotiate, proceed with or to consummate any of the transactions described herein, and (b) does not set forth all matters on which agreement must be reached for any proposed transaction to be consummated. Final terms to be agreed to between the parties hereto.

---

| | |
|:---|:---|
| **Transaction Structure** | A new entity ("Newco") formed at the direction of Wesbild Inc. ("Wesbild") and Richmond Hill Investment Co., LP ("Richmond Hill") acquires the target (the "Company") by a merger of a subsidiary of Newco with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of Newco. The entity type of Newco shall be decided by the parties following tax analysis. The parties expect Newco to be organized in Delaware. |
| **Financing** | The parties would finance the Merger by (i) the contribution of all Company common stock held by the parties as of the closing to Newco in exchange solely for Newco common equity and (ii) the contribution by Richmond Hill of new cash financing to Newco in exchange for Newco common equity at the transaction price. |
| **Additional Equity Investment** | At the closing, Richmond Hill will acquire additional Newco common equity at the transaction price. |
| **Transaction Expenses** | Prior to entering into an acquisition agreement, the parties shall bear their own expenses in connection with the negotiation of the acquisition agreement. After signing the acquisition agreement, all expenses, fees, or other costs borne by each party in connection with the transaction will be considered "Joint Expenses". If the Merger closes, Newco will assume and reimburse the parties for all Joint Expenses. If the Merger does not close, the parties will split any Joint Expenses 50/50. |
| **Governance Control** | Wesbild to control governance and key decisions of Newco, including by having the right to designate a majority of the board of directors (or similar governing body) of Newco. |
| **Sale Rights** | Wesbild has the right to initiate and consummate a sale of Newco beginning at the third anniversary of closing. Customary drag rights for Wesbild and tag rights for Richmond Hill and other shareholders. Richmond Hill has the right to initiate and consummate a sale of Newco beginning at the fifth anniversary of closing. Customary drag rights for Richmond Hill and tag rights for Wesbild and other shareholders. |
| **Acquisitions** | Richmond Hill to have consent rights over acquisitions of publishing rights, music catalogs (and related IP) and recorded music businesses that exceed a threshold amount per acquisition ("Core M&A Transactions"). Richmond Hill to have consent rights over acquisitions of businesses or assets, other than Core M&A Transactions, that exceed a threshold amount per year. |
| **Other Protective Provisions** | Richmond Hill to have other protective provisions generally consistent with its original investment in the Company. |
| **Dividends** | Newco will plan to distribute a threshold amount per year pro rata to all shareholders; provided, Newco may withhold such distributions if required by applicable law or to comply with the Newco's then existing credit agreement. |
| **Wesbild Share Sale** | Wesbild has an option (in its sole discretion) to sell up to a threshold amount of shares to Richmond Hill at the transaction price in connection with and subject to the closing of the Merger. |

---

------

Signature Page:

Wesbild Inc.

---

| | |
|:---|:---|
| By:  | /s/ Hassan Khosrowshahi |
| Name: Hassan Khosrowshahi | Name: Hassan Khosrowshahi |
| Title: Chairman | Title: Chairman |

---

ACCEPTED AND AGREED as of the date first set forth above:

Richmond Hill Investment Co., LP

---

| | |
|:---|:---|
| By:  | /s/ Ryan P. Taylor |
| Name: Ryan P. Taylor | Name: Ryan P. Taylor |
| Title: Managing Partner | Title: Managing Partner |

---

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Reservoir Media, Inc.**

*(Name of Issuer)*

**Common stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**76119X105**

*(CUSIP Number)*

**Ryan P. Taylor**<br>c/o Richmond Hill Investment Co., LP<br>381 Park Avenue South, Suite 1101<br>New York NY 10016<br>(212) 989-2700

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/03/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ER Reservoir LLC** | Name of reporting person<br>**ER Reservoir LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13652372.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13652372.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13652372.00** | Aggregate amount beneficially owned by each reporting person<br>**13652372.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.81%** | Percent of class represented by amount in Row (11)<br>**20.81%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Richmond Hill Capital Partners, LP** | Name of reporting person<br>**Richmond Hill Capital Partners, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**179389.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**179389.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**179389.00** | Aggregate amount beneficially owned by each reporting person<br>**179389.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.27%** | Percent of class represented by amount in Row (11)<br>**0.27%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Essex Equity Joint Investment Vehicle, LLC** | Name of reporting person<br>**Essex Equity Joint Investment Vehicle, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**418576.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13652372.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**418576.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13652372.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**14070948.00** | Aggregate amount beneficially owned by each reporting person<br>**14070948.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**21.45%** | Percent of class represented by amount in Row (11)<br>**21.45%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Richmond Hill Investments, LLC** | Name of reporting person<br>**Richmond Hill Investments, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13652372.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13652372.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13652372.00** | Aggregate amount beneficially owned by each reporting person<br>**13652372.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.81%** | Percent of class represented by amount in Row (11)<br>**20.81%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Richmond Hill Investment Co., LP** | Name of reporting person<br>**Richmond Hill Investment Co., LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13831761.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13831761.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13831761.00** | Aggregate amount beneficially owned by each reporting person<br>**13831761.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**21.08%** | Percent of class represented by amount in Row (11)<br>**21.08%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Richmond Hill Capital Management, LLC** | Name of reporting person<br>**Richmond Hill Capital Management, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13831761.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13831761.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13831761.00** | Aggregate amount beneficially owned by each reporting person<br>**13831761.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**21.08%** | Percent of class represented by amount in Row (11)<br>**21.08%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Richmond Hill Advisors, LLC** | Name of reporting person<br>**Richmond Hill Advisors, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**179389.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**179389.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**179389.00** | Aggregate amount beneficially owned by each reporting person<br>**179389.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.27%** | Percent of class represented by amount in Row (11)<br>**0.27%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

| **CUSIP No.** | **76119X105** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ryan P. Taylor** | Name of reporting person<br>**Ryan P. Taylor** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13831761.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13831761.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13831761.00** | Aggregate amount beneficially owned by each reporting person<br>**13831761.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**21.08%** | Percent of class represented by amount in Row (11)<br>**21.08%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** This percentage is calculated based upon 65,600,219 shares of Common Stock of the Issuer issued and outstanding as of January 26, 2026 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Commission on February 4, 2026.

The reporting persons making this filing may be deemed to be a group with other persons beneficially owning common stock.  The reporting persons do not affirm the existence of such a group.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common stock, par value $0.0001 per share

**(b) Name of Issuer:**
Reservoir Media, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
200 VARICK STREET, SUITE 801, NEW YORK, NY, 10014

This amendment to Schedule 13D (this "Statement") amends the Schedule 13D filed by the RH Parties, the EE Parties and ER (each as defined below) on July 29, 2021 (the "Original 13D"), only to the extent set forth herein.

Except as set forth herein, the Original 13D remains in full force and effect. Each capitalized term used but not defined herein has the meaning ascribed to such term in the Original 13D.

**Item 4. Purpose of Transaction**

Item 4 of each Original Schedule 13D is hereby amended to incorporate the following at the end thereof:

On March 3, 2026, Wesbild, Inc. ("Wesbild") and RH (together with Wesbild, the "Investors"), jointly submitted to the board of directors of the Issuer (the "Board") a preliminary non-binding proposal (the "Proposal") to acquire all of the outstanding shares of Common Stock of the Issuer that are not already owned by the Investors or certain of their respective affiliates in a going private transaction (the "Proposed Transaction").

Under the Proposal, the Investors propose to acquire all of the outstanding shares of the Issuer's Common Stock not already owned by the Investors or certain of their respective affiliates, directly or indirectly, for a purchase price in cash of $10.50 per share, representing an approximately 39% premium over the closing price of the Issuer's Common Stock on February 25, 2026, the trading day immediately prior to the day that the Issuer's receipt of an unsolicited acquisition offer was first publicly reported, and approximately 41% over the 90-day volume-weighted average trading price (through February 25, 2026) of the Issuer's Common Stock.

RH intends to obtain the requisite financing with respect to the Proposed Transaction. The Proposed Transaction would not be subject to any financing condition or contingency.

As indicated in the Proposal, the Investors expect that the Board will form a special committee of independent and disinterested directors (the "Special Committee") of the Board, which will be fully empowered to review and accept or reject the Proposal or any other proposal the Investors or any unaffiliated third party may make. The Investors expect that the Special Committee will select and engage independent legal and financial advisors to advise it in connection with the Proposal. The Investors do not intend to move forward with the Proposal unless it is approved by such a Special Committee.

If the Proposed Transaction is completed, the Issuer's Common Stock would become eligible for termination of registration pursuant to the Exchange Act, including Section 12(g)(4) thereof, and would be delisted from The Nasdaq Stock Market LLC. In addition, the consummation of the Proposed Transaction could result in one or more of the actions specified in Item 4(a)-(j) of Schedule 13D, including the acquisition or disposition of securities of the Issuer, a merger or other extraordinary transaction involving the Issuer, a change to the Board of the Issuer (if the Issuer is the surviving company in the merger), and a change in the Issuer's charter and bylaws to reflect that the Issuer would become a privately held company.

There can be no assurance that any discussions that may occur between the Investors and the Issuer with respect to the Proposal will result in the entry into a definitive agreement concerning a transaction or, if such a definitive agreement is reached, will result in the consummation of a transaction provided for in such definitive agreement. Discussions concerning a transaction may be terminated at any time and without prior notice. Entry into a definitive agreement concerning a transaction and the consummation of any such transaction will be subject to a number of contingencies that are beyond the control of the Investors, including the approval of the Board and the Special Committee, if formed, and the satisfaction of any conditions to the consummation of a transaction set forth in any such definitive agreement, including receipt of all necessary regulatory approvals. References to the Proposal in this Statement are qualified in their entirety by reference to the Proposal, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference in its entirety.

As of the date hereof, none of the Reporting Persons, other than RH, are considered "Investors" as defined herein and such term does not include any of the other Reporting Persons referenced in this Schedule 13D amendment. As of the date hereof, none of the Reporting Persons (other than RH) has entered into any agreement, arrangement or understanding with respect to the Proposal or any transaction that would result from the Proposal.  Except as may be required by law, the Reporting Persons do not intend to disclose developments with respect to the foregoing unless and until the Board and the Investors have approved a specific transaction, if any, and the Investors and the Board have then entered into a definitive agreement to effect such transaction or discussions concerning such transaction have been terminated.

Other than as described in this Item 4, the Reporting Persons do not have any plans or proposals which relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer, or any other actions that could involve one or more of the types of transactions or have one or more of the results described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

The Reporting Persons originally acquired the Common Stock reported herein for investment purposes. The Reporting Persons intend to continue to regularly review and assess their investment in the Issuer and depending on market conditions and other factors, may, at any time and from time to time without prior notice, make additional purchases of the Common Stock either in the open market or in privately-negotiated transactions, depending upon the Reporting Persons' evaluation of the Issuer's business, prospects and financial condition, the market for the Common Stock, other opportunities available to the Reporting Persons, general economic conditions, stock market conditions and other factors, including RH acquiring a portion of Wesbild's equity in connection with and subject to the closing of the Proposed Transaction. Depending upon the factors noted above, the Reporting Persons may also decide to hold or dispose of all or part of their investments in the Common Stock and/or enter into derivative transactions with institutional counterparties with respect to the Issuer's securities, including the Common Stock. The Investors intend to engage in, among other activities, due diligence activities, communications and negotiations with the Special Committee, the Board, the Issuer's management, advisors, other stakeholders (including the Issuer's security holders and the Issuer's contractual and operational counterparties and regulators), regulatory authorities in respect of the terms, conditions and other matters relating to a potential transaction involving the Issuer and its securities, including the potential transaction described in the Proposal, and a broad range of other strategic, financial and operational matters and may encourage, cause or seek to cause the Issuer or such persons to consider or explore extraordinary corporate transactions.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) of each Original Schedule 13D is hereby amended and restated in its entirety as follows:

The information set forth in rows (11) and (13) of the cover pages of this Statement is incorporated by reference into this Item 5(a).

In addition, in connection with Mr. Taylor's compensation for service as a non-employee director of the Issuer, Mr. Taylor has been awarded an aggregate of 13,103 Deferred Stock Units ("DSUs") and Restricted Stock Units ("RSUs") under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan") that have not settled as of the date of this Statement.  Mr. Taylor has directed the Issuer to transfer Common Stock issued upon settlement on a one-for-one basis of the DSUs and RSUs into the account of ER.  The amount of DSUs and RSUs that have not settled are not included in the number of shares of Common Stock otherwise reported hereunder as attributable to the EE Parties, ER, or the RH Parties.

The EE Parties, ER and RH Parties are jointly filing this Statement because they may be deemed to constitute a Section 13(d) group as a result of the Proposal. However, each of the EE Parties, ER and RH Parties are reporting beneficial ownership only with respect to the securities reflected on their respective cover pages of this Statement. In this regard, each of the EE Parties, ER and RH Parties disclaim beneficial ownership of the reported securities not reflected on their respective cover pages and the filing of this Statement shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 13(g) or Section 13(d) or otherwise. The Shares reported hereby for ER are beneficially owned by ER. Certain of the EE Parties and the RH Parties, as applicable, may be deemed to have sole or shared voting and/or dispositive power over, and therefore may be deemed to beneficially own (as that term is defined in Rule 13d-3) all or a portion of such Shares beneficially owned by ER, as a result of being a manager, managing member, general partner or investment manager or having another relationship, as applicable, with respect to ER and/or certain of its affiliates. This Schedule 13D amendment shall not be construed as an admission that such Reporting Person is, for purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, the beneficial owners of any securities covered by this Schedule 13D. The Reporting Persons expressly disclaim that they have agreed to act as a group.

The Reporting Persons and Wesbild may be deemed to constitute a Section 13(d) group as a result of the Proposal. However, this Amendment only reflects securities directly or indirectly held by the Reporting Persons and, in this regard, the Reporting Persons disclaim beneficial ownership of the securities not reflected on the cover pages hereto. This Amendment shall not be construed as an admission that any Reporting Person is, for purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, the beneficial owner of any securities covered by this Amendment or member of a Section 13(d) group with Wesbild, and the Reporting Persons expressly disclaim membership in any such group.

**(b)**
The information set forth in rows (7) through (10) of the cover pages of this Statement are is incorporated by reference into this Item 5(b).

**(c)**
Except as set forth in this Statement, the Reporting Persons have not engaged in any transactions within the past 60 days.

On February 20, 2026, 654 DSUs were awarded to Mr. Taylor under the Plan in connection with Mr. Taylor's compensation for service as a non-employee director of the Issuer. The information set forth in Item 5(a) with respect to RSUs and DSUs is incorporated by reference into this Item 5(c).

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Item 4 of this Statement is incorporated by reference into this Item 6.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** ER Reservoir LLC

**Signature:** /s/ Ryan P. Taylor

**Name/Title:** Ryan P. Taylor, Managing Director

**Date:** 03/03/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Richmond Hill Capital Partners, LP

**Signature:** /s/ Ryan P. Taylor

**Name/Title:** Ryan P. Taylor, Manager of Richmond Hill Advisors, LLC, General Partner of Richmond Hill Capital Partners, LP

**Date:** 03/03/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Essex Equity Joint Investment Vehicle, LLC

**Signature:** /s/ John D. Liu

**Name/Title:** John D. Liu, Managing Director

**Date:** 03/03/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Richmond Hill Investments, LLC

**Signature:** /s/ John D. Liu

**Name/Title:** John D. Liu, Manager of Essex Equity Holdings, LLC, Manager of Richmond Hill Investments, LLC

**Date:** 03/03/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Richmond Hill Investment Co., LP

**Signature:** /s/ Ryan P. Taylor

**Name/Title:** Ryan P. Taylor, Manager of Richmond Hill Capital Management, LLC, General Partner of Richmond Hill Investment Co., LP

**Date:** 03/03/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Richmond Hill Capital Management, LLC

**Signature:** /s/ Ryan P. Taylor

**Name/Title:** Ryan P. Taylor, Manager

**Date:** 03/03/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Richmond Hill Advisors, LLC

**Signature:** /s/ Ryan P. Taylor

**Name/Title:** Ryan P. Taylor, Manager

**Date:** 03/03/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ryan P. Taylor

**Signature:** /s/ Ryan P. Taylor

**Name/Title:** Ryan P. Taylor

**Date:** 03/03/2026