Merger cash-out eliminates Eventbrite (EB) director shareholdings
Rhea-AI Filing Summary
Eventbrite, Inc. director Katherine August-deWilde reported disposing of her equity position in connection with the completion of the company’s merger with Bending Spoons. At the merger’s effective time, each Eventbrite Class A and Class B share was converted into the right to receive $4.50 in cash, subject to taxes.
Her non-derivative holdings included 49,344 and 79,051 shares of Class A common stock held directly and 206,590 shares held indirectly through the deWilde Family Trust, all shown as dispositions to the issuer. In addition, four stock option awards covering 20,302, 6,852, 3,671, and 5,645 shares were disposed of, with certain options cancelled for a cash amount of $17,361.27 based on a Black‑Scholes valuation.
The filing indicates her reported Eventbrite stock and option holdings are reduced to zero following these merger-related transactions.
Positive
- None.
Negative
- None.
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) | 3,671 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 5,645 | $0.00 | -- |
| Disposition | Class A Common Stock | 49,344 | $0.00 | -- |
| Disposition | Class A Common Stock | 79,051 | $0.00 | -- |
| Disposition | Class A Common Stock | 206,590 | $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 $17,361.27, which was determined based on a Black-Scholes model.