CCRD Form 4: Shares converted at 0.3142 in Euronet merger
Rhea-AI Filing Summary
CoreCard (CCRD) disclosed an insider transaction reflecting its merger with Euronet Worldwide. President & CEO J. Leland Strange, also a director and 10% owner, reported the disposition of 1,310,037 CoreCard common shares on October 30, 2025 as part of the closing. Each CoreCard share was converted into the right to receive 0.3142 Euronet shares, with cash in lieu of fractional shares.
Unvested restricted stock units vested at the effective time and converted into the same consideration, including 8,125 RSUs and 3,621 RSUs tied to CoreCard common stock.
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Insights
Form 4 documents share-for-share conversion mechanics from the merger.
The filing records insider holdings converting due to the completed merger on October 30, 2025. Each CoreCard share became exchangeable for 0.3142 shares of Euronet common stock, with cash for any fractional shares. This aligns with typical post-merger equity conversion disclosures.
Equity awards followed standard treatment: unvested RSUs vested at closing and converted into the same per‑share merger consideration. The reported quantities include 1,310,037 shares disposed and RSU counts of 8,125 and 3,621. Actual market impact depends on holder decisions and subsequent trading by recipients.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit | 8,125 | $0.00 | -- |
| Disposition | Restricted Stock Unit | 3,621 | $0.00 | -- |
| Disposition | Common stock, par value $.01 per share | 1,310,037 | $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. 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. 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. Company RSUs do not expire; they either vest or are canceled prior to the vesting date.
