CBIZ director Raffa disposes of 8,412 merger shares

Each outstanding CBIZ common share was canceled and converted into a right to receive $55.00 in cash, without interest.

Available on EDGAR 11/02/2026 - 04:47 PM EST Accepted by SEC EDGAR 11/02/2026 - 04:47 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

CBIZ, Inc. director Kathy A. Raffa disposed of 8,412 shares of common stock on November 2, 2026, in connection with the merger. The merger terms canceled each outstanding common share and converted it into the right to receive $55.00 in cash per share, without interest. Her reported direct holdings following the transaction were 0 shares.

Insider Trade Summary

Disposition: 8,412 shares

Disposition 1 txn

Insider Raffa Kathy A

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock F1, F2	8,412	--	--

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

Footnotes (2)

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, 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.

Key Figures

Common shares disposed: 8,412 shares Merger consideration: $55.00 in cash per share Direct shares following transaction: 0 shares +1 more

4 metrics

Common shares disposed 8,412 shares Kathy A. Raffa's reported transaction

Merger consideration $55.00 in cash per share Right to receive for each outstanding common share, without interest

Direct shares following transaction 0 shares Kathy A. Raffa's reported position

Transaction date November 2, 2026 Reported share disposition

Key Terms

Agreement and Plan of Merger, effective time of the merger, indirect wholly owned subsidiary

3 terms

Agreement and Plan of Merger technical

"terms of the Agreement and Plan of Merger"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

effective time of the merger technical

"at the effective time of the merger"

The effective time of the merger is the exact moment when a planned combination of two companies legally takes effect, usually specified in the merger agreement and reflected by the formal filing or timestamp. For investors, it is the point when ownership, voting rights, financial reporting and control shift—like a light switch flipping that joins two rooms into one—so it determines when shares convert, who controls corporate decisions and which results appear in financial statements.

indirect wholly owned subsidiary technical

"an indirect wholly owned subsidiary of Parent"

FAQ

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

What happened to Kathy A. Raffa's CBZ shares in the merger?

Kathy A. Raffa's 8,412 shares were canceled in the merger and converted into the right to receive $55.00 in cash per share, without interest.

How much cash per share did CBZ shareholders have the right to receive in the merger?

Each outstanding share of CBIZ common stock was converted into the right to receive $55.00 in cash per share, without interest.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Raffa Kathy A

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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)		8,412	D	(1)(2)	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, 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.

	/s/ Jaileah X. Huddleston, Attorney-in-Fact for Kathy A. Raffa	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)