CCRD insider reports 4,000-share disposition; RSUs and options settled

Rhea-AI Filing Summary

CoreCard (CCRD) disclosed a Form 4 for its CFO detailing merger-related equity dispositions following the completion of Euronet’s acquisition. The filing shows a disposition of 4,000 shares of common stock, with beneficial ownership reported as 0 shares after the transactions.

Under the merger agreement, each CoreCard share converted into the right to receive 0.3142 shares of Euronet common stock plus cash in lieu of fractional shares. Two RSU grants for 8,125 and 3,621 units vested at closing and converted into the same per-share merger consideration. A 30,000-share stock option was terminated at closing and converted into a cash right equal to the excess value defined by the agreement’s VWAP-based formula.

Insights

M&A and Equity Compensation Analyst

Insider equity converted at closing; options cashed per formula.

The CFO’s holdings were settled pursuant to the merger mechanics. Common shares were exchanged for Euronet stock at an exchange ratio of 0.3142 per CoreCard share, with cash for any fractional shares. RSUs vested at the effective time and converted into the same consideration per underlying share.

Outstanding stock options were terminated and converted into a cash amount based on the exchange ratio multiplied by Euronet’s 15-day VWAP, less the option exercise price. This is standard M&A treatment that crystallizes award value at closing.

This filing records personal-position outcomes rather than new corporate actions. Actual impact on trading depends on broader merger terms already set; this entry confirms award settlement mechanics at the October 30, 2025 effective time.

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

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X

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^*

White Matthew A

(Last) (First) (Middle)

ONE MECA WAY

(Street)

NORCROSS GA 30093

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CoreCard Corp [ CCRD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2025

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

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

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

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, par value $.01 per share	10/30/2025		D(1)		4,000	D	(1)	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
Restricted Stock Unit	(2)	10/30/2025		D(3)			8,125	(3)	(4)	Common Stock	8,125	$0	0	D
Restricted Stock Unit	(2)	10/30/2025		D(3)			3,621	(3)	(4)	Common Stock	3,621	$0	0	D
Stock Option (right to buy)(5)	$19.99	10/30/2025		D(6)			30,000	(7)	01/22/2029	Common Stock	30,000	$0	0	D

Explanation of Responses:

1. The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among CoreCard Corporation ("Company"), Euronet Worldwide, Inc. ("Euronet"), and Genesis Merger Sub Inc., a wholly owned subsidiary of Euronet ("Merger Sub"). Pursuant to the Merger Agreement, on October 30, 2025, Merger Sub merged with and into Company (the "Merger"), with Company surviving the Merger as a wholly owned subsidiary of Euronet. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Company's common stock, par value $0.01 per share ("Company Common Stock"), was converted into the right to receive 0.3142 shares of Euronet's common stock, par value $0.02 per share (the "Euronet Common Stock" and such ratio, the "Exchange Ratio") and cash payable in lieu of fractional shares (collectively, the "Per Share Merger Consideration"), as described in the Merger Agreement.

2. Restricted stock units to acquire shares of Company Common Stock (each a "Company RSU") convert into Company Common Stock on a one-for-one basis upon settlement.

3. Pursuant to the Merger Agreement, at the Effective Time, each outstanding and unvested Company RSU award became vested and was automatically converted into the right to receive the Per Share Merger Consideration in respect of each share of Company Common Stock subject to such Company RSU.

4. Company RSUs do not expire; they either vest or are canceled prior to the vesting date.

5. Each stock option to purchase shares of Company Common Stock represents a contingent right to purchase one share of Company Common Stock.

6. Pursuant to the Merger Agreement, each Company stock option that was outstanding and unexercised immediately prior to the Effective Time became fully vested and exercisable, and was automatically terminated, and was converted into the right to receive an amount in cash in respect of each share subject thereto equal to the excess of (x) the product of the Exchange Ratio multiplied by the volume weighted average price per share of Euronet Common Stock on the NASDAQ Global Select Market for the fifteen consecutive trading days ending on, and including, the second full trading day prior to the Effective Time over (y) the per share exercise price.

7. The stock option is fully vested and exercisable.

	/s/ Matthew A. White	10/30/2025
	** Signature of Reporting Person	Date
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FAQ

What did CoreCard (CCRD) disclose in this Form 4?

The CFO reported merger-related dispositions, including 4,000 common shares, RSU conversions, and termination/cash settlement of a 30,000-share stock option.

What was the exchange ratio for CoreCard shares in the merger?

Each CoreCard share converted into the right to receive 0.3142 shares of Euronet common stock, plus cash in lieu of fractional shares.

How were CoreCard (CCRD) RSUs treated at closing?

RSUs for 8,125 and 3,621 units vested at the effective time and converted into the per-share merger consideration.

What happened to the CoreCard stock options reported?

A 30,000-share option became fully vested, was terminated at closing, and converted into a cash right based on the exchange ratio and Euronet’s 15-day VWAP less the exercise price.

What is the CFO’s reported CoreCard share ownership after the transactions?

Beneficial ownership is reported as 0 shares following the reported transactions.

When did the merger become effective for these conversions?

At the effective time on October 30, 2025, as stated in the filing.