Eventbrite (NYSE: EB) CFO exits equity as $4.50-per-share merger closes
Rhea-AI Filing Summary
Eventbrite, Inc. Chief Financial Officer Anand Gandhi reported dispositions of Class A common stock tied to the closing of the company’s merger with Bending Spoons US Inc. On March 10, 2026, his holdings were turned over to the issuer in two steps, reducing his direct ownership from hundreds of thousands of shares to zero.
According to the merger terms, at the effective time each share of Eventbrite Class A and Class B common stock was converted into the right to receive $4.50 in cash per share, without interest and subject to withholding taxes. Time-based restricted stock units were also cancelled and converted into cash based on the same $4.50 merger consideration.
Positive
- None.
Negative
- None.
Insights
CFO’s entire equity position is cashed out in a planned merger.
The filing shows Anand Gandhi, Eventbrite’s CFO, disposing of all directly held Class A shares through an issuer disposition on March 10, 2026. This coincides with the consummation of the merger in which Eventbrite became a wholly owned subsidiary of Bending Spoons US Inc.
Under the merger agreement, each common share converts into the right to receive $4.50 in cash, and each time-based restricted stock unit is cancelled for cash equal to shares underlying it times the same consideration. This is a mechanical cash-out of equity tied to a change of control rather than an open-market sale, so it mainly confirms the CFO no longer holds Eventbrite stock post-merger.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 567,535 | $0.00 | -- |
| Disposition | Class A Common Stock | 706,465 | $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.
