CBIZ CFO Brad S. Lakhia disposes of 141,020 shares

Merger terms set $55.00 cash consideration per outstanding common share and converted unvested RSUs into replacement cash-settled awards.

Available on EDGAR 11/02/2026 - 04:59 PM EST Accepted by SEC EDGAR 11/02/2026 - 04:59 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

CBIZ, Inc. (CBZ) Senior Vice President & CFO Brad S. Lakhia reported disposing of 141,020 common shares on November 2, 2026. His reported direct holdings after the transaction were 0 shares. Under the merger terms, each outstanding common share was canceled and converted into the right to receive $55.00 in cash per share, without interest.

Lakhia’s unvested RSUs were canceled and converted into replacement cash-settled RSU awards representing $55.00 in cash per underlying share, subject to the same vesting schedule and substantially the same terms and conditions as before. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Disposition: 141,019.9545 shares

Disposition 1 txn

Insider Lakhia Brad S.

Role Senior Vice President & CFO

Type	Security	Shares	Price	Value
Disposition	Common Stock F1, F2, F3	141,019.9545	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (3)

1. F1. Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 28, 2026, by and among the Issuer, Viking ParentCo, Inc., ("Parent"), and Viking MergerCo, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and an indirect wholly owned subsidiary of Parent.
2. F2. Pursuant to the Merger Agreement, at the effective time of the merger (the "Effective Time"), each outstanding share of common stock, par value $0.01 per share, of the Issuer was canceled and converted into the right to receive $55.00 in cash per share, without interest ("Merger Consideration").
3. F3. At the Effective Time, each unvested RSU held by the reporting person was canceled and converted into a replacement cash-settled RSU award representing the right to receive $55.00 in cash for each underlying share, subject to the same vesting schedule and substantially the same terms and conditions applicable to the corresponding RSU immediately prior to the Effective Time.

Key Figures

Common shares disposed: 141,020 shares Merger consideration: $55.00 per share Direct shares following transaction: 0 shares

3 metrics

Common shares disposed 141,020 shares November 2, 2026

Merger consideration $55.00 per share Cash consideration for each outstanding common share, without interest

Direct shares following transaction 0 shares Reported position after the transaction

Key Terms

Effective Time, Merger Consideration, cash-settled RSU award, vesting schedule

4 terms

Effective Time technical

"at the effective time of the merger (the "Effective Time")"

The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.

Merger Consideration financial

"$55.00 in cash per share, without interest ("Merger Consideration")"

Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.

cash-settled RSU award technical

"a replacement cash-settled RSU award"

vesting schedule technical

"subject to the same vesting schedule"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CBZ shares did Brad S. Lakhia dispose of, and what consideration applied?

Brad S. Lakhia, CBIZ’s Senior Vice President & CFO, reported disposing of 141,020 common shares on November 2, 2026; his reported direct holdings afterward were 0 shares. The merger terms converted each outstanding common share into the right to receive $55.00 in cash per share, without interest.

What happened to Brad S. Lakhia’s unvested CBZ RSUs?

Lakhia’s unvested RSUs were canceled and converted into replacement cash-settled RSU awards representing $55.00 in cash per underlying share. The replacement awards remain subject to the same vesting schedule and substantially the same terms and conditions as the corresponding RSUs before the merger.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lakhia Brad S.

(Last) (First) (Middle)

C/O CBIZ, INC.

5959 ROCKSIDE WOODS BLVD. N., SUITE 600

(Street)

INDEPENDENCE OHIO 44131

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CBIZ, Inc. [ CBZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/02/2026		D(1)(2)(3)		141,019.9545	D	(1)(2)(3)	0	D

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

Explanation of Responses:

1. Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 28, 2026, by and among the Issuer, Viking ParentCo, Inc., ("Parent"), and Viking MergerCo, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and an indirect wholly owned subsidiary of Parent.

2. Pursuant to the Merger Agreement, at the effective time of the merger (the "Effective Time"), each outstanding share of common stock, par value $0.01 per share, of the Issuer was canceled and converted into the right to receive $55.00 in cash per share, without interest ("Merger Consideration").

3. At the Effective Time, each unvested RSU held by the reporting person was canceled and converted into a replacement cash-settled RSU award representing the right to receive $55.00 in cash for each underlying share, subject to the same vesting schedule and substantially the same terms and conditions applicable to the corresponding RSU immediately prior to the Effective Time.

	/s/ Jaileah X. Huddleston, Attorney-in-Fact for Brad S. Lakhia	11/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)