[Form 4] Eventbrite, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Eventbrite, Inc. director Jane Lauder reported dispositions of both stock options and Class A common stock in connection with the company’s merger with Bending Spoons US Inc. On March 10, 2026, Eventbrite became a wholly owned subsidiary of Parent, and each share of Class A and Class B common stock was converted into the right to receive $4.50 in cash, subject to applicable taxes. At the merger’s effective time, all time-based restricted stock units were cancelled and converted into a cash payment based on the number of underlying shares multiplied by the $4.50 merger consideration. Outstanding stock options with exercise prices above the merger consideration, including options with exercise prices ranging from $8.64 to $33.86, were cancelled and converted into a cash right of $18,886.44, determined using a Black-Scholes valuation. Following these issuer dispositions, Lauder reported no remaining Eventbrite stock options and no remaining Class A common stock holdings.
Positive
- None.
Negative
- None.
Insights
Director’s equity is cashed out as Eventbrite is acquired for cash.
The transactions show Eventbrite completing a cash merger with Bending Spoons US Inc. Director Jane Lauder’s equity stake is eliminated and replaced with cash consideration, consistent with a full take-private structure at $4.50 per share.
All time-based restricted stock units convert into cash equal to shares times the $4.50 merger price, while underwater stock options are cancelled and replaced by a fixed cash amount of $18,886.44 based on a Black-Scholes model. These are standard mechanisms to settle equity at closing.
For investors, this Form 4 primarily confirms that Lauder no longer holds Eventbrite securities after the March 10, 2026 merger. The economic impact for shareholders depends on how the $4.50 per-share cash consideration compares to their own cost basis and prior trading levels, which is not detailed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 20,302 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 6,852 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 10,724 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 3,671 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 2,917 | $0.00 | -- |
| Disposition | Class A Common Stock | 53,610 | $0.00 | -- |
| Disposition | Class A Common Stock | 173,577 | $0.00 | -- |
Footnotes (1)
- 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"). 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. 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 $18,886.44, which was determined based on a Black-Scholes model.
