Cross Country Healthcare (CCRN) director’s 223K shares converted at $13.25
Rhea-AI Filing Summary
CROSS COUNTRY HEALTHCARE INC director Larry W. Cash reported a disposition of 223,312 shares of Common Stock on July 21, 2026. The shares were surrendered to the issuer in connection with a merger in which each share was automatically converted into the right to receive $13.25 in cash. Following this transaction, Cash reported owning 0 shares of Cross Country common stock. Restricted stock awards were also fully vested, cancelled and converted into cash based on the same $13.25 per-share merger consideration.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 223,312 shares
Net Sell
1 txn
Insider
CASH W LARRY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2 | 223,312 | $13.25 | $2.96M |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 6, 2026, by and among Cross Country Healthcare, Inc., a Delaware corporation (the "Issuer"), KL Criss Cross Intermediate, LLC, a Delaware limited liability company ("Parent"), and KL Criss Cross Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, (continued in footnote 2)
- F2. at the effective time of the Merger (the "Effective Time"), each (i) share of Issuer common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive $13.25 in cash (the "Merger Consideration") and (ii) each restricted stock award with respect to shares of Common Stock outstanding immediately prior to the Effective Time was fully vested, cancelled and converted into the right to receive an amount in cash equal to the number of shares of Common Stock subject to such award immediately prior to the Effective Time multiplied by the Merger Consideration.
Key Figures
Shares disposed: 223,312 shares
Disposition price: $13.25 per share
Shares owned after transaction: 0 shares
+2 more
5 metrics
Shares disposed
223,312 shares
Common Stock disposed to issuer on July 21, 2026
Disposition price
$13.25 per share
Cash merger consideration per share of Common Stock
Shares owned after transaction
0 shares
Common Stock reported owned following the disposition
Merger Agreement date
May 6, 2026
Date of Agreement and Plan of Merger among Issuer, Parent and Merger Sub
Restricted stock treatment price
$13.25 per share
Cash paid per share underlying restricted stock awards at the Effective Time
Key Terms
Agreement and Plan of Merger, Merger Consideration, Effective Time, restricted stock award
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"),"
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.
Merger Consideration financial
"receive $13.25 in cash (the "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.
Effective Time regulatory
"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.
restricted stock award financial
"each restricted stock award with respect to shares of Common Stock"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CCRN director Larry W. Cash report in this Form 4 filing?
Larry W. Cash reported a disposition of 223,312 shares of Cross Country Healthcare common stock. The shares were surrendered to the issuer in a merger at $13.25 per share, and he reported holding 0 shares of common stock afterward.
What merger consideration did Cross Country Healthcare (CCRN) stockholders receive per share?
Each share of Cross Country Healthcare common stock was converted into the right to receive $13.25 in cash. This cash amount, defined as the Merger Consideration, applied to all issued and outstanding shares at the effective time of the merger.
How were CCRN restricted stock awards treated in the merger?
Each restricted stock award outstanding immediately before the merger was fully vested, cancelled and converted into cash. The cash payment equaled the number of shares subject to the award multiplied by the $13.25 per-share Merger Consideration.
What is Larry W. Cash’s position at Cross Country Healthcare (CCRN)?
Larry W. Cash is identified as a director of Cross Country Healthcare, Inc. in the Form 4. He is not listed as an officer or a ten percent owner in the reporting-person information included with the filing.
Was the CCRN Form 4 transaction executed under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as applicable. This indicates the reported disposition of 223,312 shares was not affirmatively designated as made pursuant to a Rule 10b5-1 trading plan in this Form 4.
When was the Cross Country Healthcare (CCRN) merger agreement signed?
The Agreement and Plan of Merger for Cross Country Healthcare was dated May 6, 2026. It was among the issuer, KL Criss Cross Intermediate, LLC as Parent, and KL Criss Cross Merger Sub, Inc., with the issuer surviving as a wholly owned subsidiary.