Eventbrite (NYSE: EB) GC equity canceled for $4.50 per share in merger

Rhea-AI Filing Summary

Eventbrite, Inc. General Counsel Lisa Gorman reported the cancellation of her equity as part of the company’s merger with Bending Spoons. On March 10, 2026, 651,142 shares of Class A common stock held directly were disposed of to the issuer in connection with the merger, leaving no remaining direct holdings.

An incentive stock option covering 2,084 shares of Class A common stock was also disposed of to the issuer. Under the merger terms, each common share was converted into the right to receive $4.50 in cash, and outstanding time-based restricted stock units were cashed out on the same $4.50 per-share basis. Certain underwater options were cancelled for a cash amount of $421.91, determined using a Black-Scholes model.

Insider Trade Summary

Net Seller: 896,370 shares

Net Sell 3 txns

Insider Gorman Lisa

Role General Counsel

Type	Security	Shares	Price	Value
Disposition	Incentive Stock Option (right to buy)	2,084	$0.00	$0.00
Disposition	Class A Common Stock	245,228	$0.00	$0.00
Disposition	Class A Common Stock	651,142	$0.00	$0.00

Holdings After Transaction: Incentive Stock Option (right to buy) — 0 shares (Direct); Class A Common Stock — 0 shares (Direct)

Footnotes (4)

1. F1. Excludes 28,560 shares of Class A common stock, which were inadvertently over-reported in the Reporting Person's previous reports due to an administrative error.
2. F2. On March 10, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 1, 2025, by and among Eventbrite, Inc., a Delaware corporation (the "Issuer"), Bending Spoons US Inc., a Delaware corporation ("Parent") and a wholly owned subsidiary of Bending Spoons S.p.A., and Everest Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), subject to the terms and conditions of the Merger Agreement, each share of Class A common stock and Class B common stock issued and outstanding immediately prior to the Effective Time (subject to certain exceptions) was converted into the right to receive $4.50 in cash, without interest and subject to applicable withholding taxes (the "Merger Consideration").
3. F3. At the Effective Time, each time-based Issuer restricted stock unit (including deferred restricted stock units, each an "Issuer RSU") that was outstanding immediately prior to the Effective Time (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to (x) the total number of shares underlying such Issuer RSU, multiplied by (y) the Merger Consideration.
4. F4. At the Effective Time, any option to purchase shares of Class A Common Stock that was outstanding and unexercised immediately prior to the Effective Time for which the exercise price exceeded the Merger Consideration (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to $421.91, which was determined based on a Black-Scholes model.

FAQ

What insider transaction did Eventbrite (EB) General Counsel Lisa Gorman report?

Lisa Gorman reported disposing of her Eventbrite equity in connection with the Bending Spoons merger. Her 651,142 directly held Class A shares and an incentive stock option over 2,084 shares were canceled and settled in cash under the agreed merger consideration structure.

How many Eventbrite (EB) shares did Lisa Gorman dispose of in this Form 4?

The Form 4 shows a disposition of 651,142 shares of Eventbrite Class A common stock. These shares were transferred to the issuer as part of the merger transaction, with each share converted into the right to receive $4.50 in cash, subject to applicable withholding taxes.

What cash consideration did Eventbrite (EB) shareholders receive in the merger?

Each share of Eventbrite Class A and Class B common stock was converted into the right to receive $4.50 in cash. This per-share merger consideration was paid without interest and subject to applicable withholding taxes, reflecting the terms of the Agreement and Plan of Merger.

How were Eventbrite (EB) restricted stock units treated in the merger?

Each time-based Eventbrite restricted stock unit outstanding immediately before closing was canceled and cashed out. Holders became entitled to cash equal to the number of underlying shares multiplied by the $4.50 merger consideration, with no interest but subject to applicable withholding taxes.

What happened to Eventbrite (EB) stock options with exercise prices above $4.50?

At the merger effective time, any unexercised Eventbrite stock option with an exercise price above the $4.50 merger consideration was canceled. Each such option was converted into the right to receive a cash payment of $421.91, calculated using a Black-Scholes valuation model.

Does Lisa Gorman still hold Eventbrite (EB) shares after this Form 4?

The Form 4 reports zero Class A common shares directly owned by Lisa Gorman following the transactions. Her previously held shares were disposed of to Eventbrite at the merger closing, with consideration paid in cash under the $4.50 per-share merger terms disclosed.

What administrative correction about Eventbrite (EB) share count is disclosed?

The filing notes that 28,560 shares of Class A common stock had been inadvertently over-reported in prior reports. This overstatement is described as an administrative error and those shares are now excluded from the reporting person’s disclosed holdings in this updated Form 4.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/12/2026 - 04:52 PM Learn about SEC filing dates

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

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^*

Gorman Lisa

(Last) (First) (Middle)

C/O EVENTBRITE, INC.

95 THIRD STREET, 2ND FLOOR

(Street)

SAN FRANCISCO CA 94103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Eventbrite, Inc. [ EB ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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
Class A Common Stock	03/10/2026		D		245,228(1)	D	(2)	651,142	D
Class A Common Stock	03/10/2026		D		651,142	D	(3)	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
Incentive Stock Option (right to buy)	$7.31	03/10/2026		D			2,084	(4)	11/30/2027	Class A Common Stock	2,084	(4)	0	D

Explanation of Responses:

1. Excludes 28,560 shares of Class A common stock, which were inadvertently over-reported in the Reporting Person's previous reports due to an administrative error.

2. On March 10, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 1, 2025, by and among Eventbrite, Inc., a Delaware corporation (the "Issuer"), Bending Spoons US Inc., a Delaware corporation ("Parent") and a wholly owned subsidiary of Bending Spoons S.p.A., and Everest Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), subject to the terms and conditions of the Merger Agreement, each share of Class A common stock and Class B common stock issued and outstanding immediately prior to the Effective Time (subject to certain exceptions) was converted into the right to receive $4.50 in cash, without interest and subject to applicable withholding taxes (the "Merger Consideration").

3. At the Effective Time, each time-based Issuer restricted stock unit (including deferred restricted stock units, each an "Issuer RSU") that was outstanding immediately prior to the Effective Time (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to (x) the total number of shares underlying such Issuer RSU, multiplied by (y) the Merger Consideration.

4. At the Effective Time, any option to purchase shares of Class A Common Stock that was outstanding and unexercised immediately prior to the Effective Time for which the exercise price exceeded the Merger Consideration (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to $421.91, which was determined based on a Black-Scholes model.

	By: Kristin Johnston, Attorney-in-fact For: the Reporting Person	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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