Eventbrite (EB) CPO disposes all holdings in $4.50-per-share merger
Rhea-AI Filing Summary
Eventbrite, Inc.’s Chief Product Officer, Ted Dworkin, reported dispositions of stock options and common shares in connection with the closing of the company’s merger with Bending Spoons’ affiliates. The filing shows these were issuer-related transactions under a previously signed merger agreement, not open‑market trades.
At the merger effective time, each share of Class A and Class B common stock was converted into the right to receive $4.50 in cash, subject to taxes. Time-based restricted stock units were similarly cancelled for cash based on this amount. Options with exercise prices above $4.50 were cancelled and converted into a cash right of $225,064.11, determined using a Black‑Scholes model, leaving Dworkin with no remaining reported options or shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Incentive Stock Option (right to buy) | 44,303 | $0.00 | -- |
| Disposition | Non-Qualified Stock Option (right to buy) | 193,339 | $0.00 | -- |
| Disposition | Class A Common Stock | 529,335 | $0.00 | -- |
| Disposition | Class A Common Stock | 606,704 | $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 $225,064.11, which was determined based on a Black-Scholes model.
FAQ
What insider transaction did Eventbrite (EB) report for Ted Dworkin?
What happened to Eventbrite (EB) restricted stock units in this transaction?
How were Eventbrite (EB) stock options handled under the merger terms?
Does Ted Dworkin still hold Eventbrite (EB) equity after these Form 4 transactions?