CCRD Form 4: 29,617 shares converted under Euronet merger terms
Rhea-AI Filing Summary
CoreCard (CCRD) director Form 4: A director reported the disposition of 29,617 shares of CoreCard common stock on 10/30/2025 due to the closing of a merger with Euronet Worldwide. At the effective time, each CoreCard share was converted into the right to receive 0.3142 shares of Euronet common stock plus cash in lieu of fractional shares, as provided in the merger agreement.
All reported CoreCard stock options became fully vested and exercisable at closing, were automatically terminated, and converted into a cash right equal to the excess of the product of the 0.3142 exchange ratio and Euronet’s 15‑day VWAP over the per‑share exercise price. Following these transactions, the filing shows 0 shares beneficially owned.
Positive
- None.
Negative
- None.
Insights
Administrative Form 4 reflecting merger-for-stock conversion.
The filing documents a change in ownership driven by a completed merger on 10/30/2025. Each CoreCard share converted into the right to receive 0.3142 Euronet shares plus cash in lieu of fractional shares, aligning with the merger’s exchange mechanics rather than open‑market activity.
Equity awards accelerated and were settled in cash: options vested, terminated, and converted into a cash amount based on the 0.3142 exchange ratio multiplied by Euronet’s 15‑day VWAP, less the strike price. This is standard treatment to retire target‑company awards at closing.
Impact to the company’s fundamentals is not indicated here; this Form 4 records the reporting person’s holdings transition at merger close.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 5,000 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 4,000 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 4,000 | $0.00 | -- |
| Disposition | Common stock, par value $.01 per share | 29,617 | $0.00 | -- |
Footnotes (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. Each stock option to purchase shares of Company Common Stock represents a contingent right to purchase one share of Company Common Stock. 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. The stock option is fully vested and exercisable.
