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Eventbrite (NYSE: EB) founders back $4.50 per share cash merger with Bending Spoons

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Eventbrite, Inc. has agreed to be acquired by Bending Spoons U.S., Inc. under a merger agreement where, at the effective time of the merger, each issued and outstanding share of Eventbrite capital stock will be converted into the right to receive $4.50 in cash per share, without interest. A wholly owned subsidiary of Bending Spoons, Everest Merger Sub Inc., will merge with and into Eventbrite, which will survive as a wholly owned subsidiary of Bending Spoons.

Schedule 13D/A Amendment No. 1 updates the beneficial ownership and intentions of co-founders Kevin Hartz and Julia Hartz. Kevin Hartz reports beneficial ownership of 8,686,498 shares of Class A and Class B common stock, representing 9.5% of the class on an as-converted basis. Julia Hartz reports beneficial ownership of 15,590,687 shares, representing 16.0% of the class on an as-converted basis.

Concurrently with the merger agreement, the Hartzes and other stockholders entered into a Voting and Support Agreement committing their shares to vote for the merger and against competing acquisition or restructuring proposals and waiving appraisal rights on those shares.

Positive

  • None.

Negative

  • None.

Insights

Eventbrite agrees to a $4.50‑per‑share cash buyout backed by founder voting commitments.

The filing describes a definitive Agreement and Plan of Merger under which Everest Merger Sub Inc., a subsidiary of Bending Spoons U.S., Inc., will merge into Eventbrite. At the effective time, each issued and outstanding share of Eventbrite capital stock is to be converted into the right to receive $4.50 in cash, with Eventbrite becoming a wholly owned subsidiary of Bending Spoons. This structure is a standard all‑cash going‑private transaction.

The amendment also details substantial insider ownership. Kevin Hartz reports beneficial ownership of 8,686,498 shares, or 9.5% of the class on an as‑converted basis, while Julia Hartz reports 15,590,687 shares, or 16.0%, including options exercisable within 60 days of December 1, 2025. Both Class A and Class B shares are treated as convertible into Class A for these calculations.

Through a Stockholder Voting and Support Agreement dated December 1, 2025, the Hartzes and other supporting stockholders agree to vote their shares for approval of the merger and the related transactions and against competing proposals, and to waive appraisal and similar rights on their voting shares. This alignment of major insider voting power with the transaction increases the likelihood that stockholder approvals described in the agreement can be obtained, with remaining steps governed by the merger agreement’s conditions and closing mechanics.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) For row 7 and 9, shares consists of (i) 74,341 shares of Class A Common Stock, (ii) 1,661,026 shares of Class B Common Stock, (iii) 47,194 shares of Class A Common Stock issuable to the Reporting Person upon exercise of outstanding stock options that are exercisable within 60 days of December 1, 2025. (2) For row 7, 8, 9, 10, 11 and 13, each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. (3) For row 8 and 10, shares consists of (i) 3,070 shares of Class A Common Stock and 4,273,601 shares of Class B Common Stock held by Kevin Earnest Hartz & Julia D. Hartz TTEES the Hartz Family Revocable Trust Dtd 12/4/2008, of which the Reporting Persons are co-trustees and share voting and dispositive power, and (ii) 2,627,266 shares of Class B Common Stock held by Hartz 2008 Irrevocable Trust, dated September 15 2008, of which the Reporting Persons are co-trustees and share voting and dispositive power. (4) For row 11, shares consists of (i) 74,341 shares of Class A Common Stock, (ii) 1,661,026 shares of Class B Common Stock, (iii) 3,070 shares of Class A Common Stock and 4,273,601 shares of Class B Common Stock held by Kevin Earnest Hartz & Julia D. Hartz TTEES the Hartz Family Revocable Trust Dtd 12/4/2008, of which the Reporting Persons are co-trustees and share voting and dispositive power, (iv) 2,627,266 shares of Class B Common Stock held by Hartz 2008 Irrevocable Trust, dated September 15 2008, of which the Reporting Persons are co-trustees and share voting and dispositive power, and (v) 47,194 shares of Class A Common Stock issuable to the Reporting Person upon exercise of outstanding stock options that are exercisable within 60 days of December 1, 2025. (5) For row 13, the numerator of this calculation consists of the aggregate number of shares of Class A and Class B Common Stock beneficially owned by the Reporting Person, including outstanding stock options that are exercisable within 60 days of December 1, 2025. The denominator of this calculation consists of (i) 82,470,848 shares of Class A Common Stock outstanding as of November 28, 2025, (ii) 47,194 shares of Class A Common Stock issuable to the Reporting Person upon exercise of outstanding stock options that are exercisable within 60 days of December 1, 2025 and (iii) 8,561,893 shares of Class B Common Stock beneficially owned by the Reporting Person, treated as converted to Class A Common Stock for the purpose of computing the percentage ownership of the Reporting Person. (6) For row 13, each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. There were 15,638,904 shares of Class B Common Stock outstanding as of November 28, 2025, including 8,561,893 shares of Class B Common Stock beneficially owned by the Reporting Person. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for purposes of this report.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) For row 7 and 9, shares consists of (i) 425,981 shares of Class A Common Stock, (ii) 1,250,000 shares of Class B Common Stock, and (iii) 7,010,769 shares of Common Stock issuable to the Reporting Person upon exercise of outstanding stock options that are exercisable within 60 days of December 1, 2025, consisting of 2,580,833 shares of Class A Common Stock and 4,429,936 shares of Class B Common Stock issuable under such options. (2) For row 7, 8, 9, 10, 11 and 13, each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. (3) For row 8 and 10, shares consists of (i) 3,070 shares of Class A Common Stock and 4,273,601 shares of Class B Common Stock held by Kevin Earnest Hartz & Julia D. Hartz TTEES the Hartz Family Revocable Trust Dtd 12/4/2008, of which the Reporting Persons are co-trustees and share voting and dispositive power, and (ii) 2,627,266 shares of Class B Common Stock held by Hartz 2008 Irrevocable Trust, dated September 15 2008, of which the Reporting Persons are co-trustees and share voting and dispositive power. (4) For row 11, shares consists of (i) 425,981 shares of Class A Common Stock, (ii) 1,250,000 shares of Class B Common Stock, (iii) 3,070 shares of Class A Common Stock and 4,273,601 shares of Class B Common Stock held by Kevin Earnest Hartz & Julia D. Hartz TTEES the Hartz Family Revocable Trust Dtd 12/4/2008, of which the Reporting Persons are co-trustees and share voting and dispositive power, (iv) 2,627,266 shares of Class B Common Stock held by Hartz 2008 Irrevocable Trust, dated September 15 2008, of which the Reporting Persons are co-trustees and share voting and dispositive power, and (v) 7,010,769 shares of Common Stock issuable to the Reporting Person upon exercise of outstanding stock options that are exercisable within 60 days of December 1, 2025, consisting of 2,580,833 shares of Class A Common Stock and 4,429,936 shares of Class B Common Stock issuable under such options. (5) For row 13, the numerator of this calculation consists of the aggregate number of shares of Class A and Class B Common Stock beneficially owned by the Reporting Person, including outstanding stock options that are exercisable within 60 days of December 1, 2025 and outstanding unvested RSUs that will vest within 60 days of December 1, 2025. The denominator of this calculation consists of (i) 82,470,848 shares of Class A Common Stock outstanding as of November 28, 2025, (ii) 7,010,769 shares of Common Stock issuable to the Reporting Person upon exercise of outstanding stock options that are exercisable within 60 days of December 1, 2025, and (iii) 8,150,867 shares of Class B Common Stock beneficially owned by the Reporting Person, treated as converted to Class A Common Stock for the purpose of computing the percentage ownership of the Reporting Person. (6) For row 13, each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. There were 15,638,904 shares of Class B Common Stock outstanding as of November 28, 2025, including 8,150,867 shares of Class B Common Stock beneficially owned by the Reporting Person. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for purposes of this report.


SCHEDULE 13D


Kevin Hartz
Signature:/s/ Kevin Hartz
Name/Title:Kevin Hartz
Date:12/03/2025
Julia Hartz
Signature:/s/ Julia Hartz
Name/Title:Julia Hartz
Date:12/03/2025

FAQ

What transaction involving Eventbrite (EB) is described in this Schedule 13D/A amendment?

The amendment describes an Agreement and Plan of Merger under which Everest Merger Sub Inc., a wholly owned subsidiary of Bending Spoons U.S., Inc., will merge with and into Eventbrite, Inc., with Eventbrite surviving as a wholly owned subsidiary of Bending Spoons.

What will Eventbrite (EB) shareholders receive in the proposed merger?

At the effective time of the merger, each issued and outstanding share of Eventbrite capital stock will be converted into the right to receive $4.50 in cash per share, without interest, as the merger consideration.

How many Eventbrite (EB) shares does Kevin Hartz beneficially own according to this filing?

Kevin Hartz reports beneficial ownership of 8,686,498 shares of Class A and Class B Common Stock (including options exercisable within 60 days of December 1, 2025), representing 9.5% of the class on an as‑converted basis.

How many Eventbrite (EB) shares does Julia Hartz beneficially own according to this filing?

Julia Hartz reports beneficial ownership of 15,590,687 shares of Class A and Class B Common Stock (including options exercisable within 60 days of December 1, 2025), representing 16.0% of the class on an as‑converted basis.

What is the Voting and Support Agreement mentioned for Eventbrite (EB)?

On December 1, 2025, the Reporting Persons and certain other stockholders entered into a Stockholder Voting and Support Agreement with Bending Spoons U.S., Inc., under which they agree to vote their shares in favor of approving and adopting the merger agreement and related transactions and against competing proposals, and they waive appraisal and similar rights for their voting shares.

How do Eventbrite’s dual‑class shares affect this ownership disclosure?

Each share of Class B Common Stock is convertible into one share of Class A Common Stock, and for the percentage ownership reported in rows 11 and 13, the filing treats the Class B shares beneficially owned by the reporting persons as converted into Class A. Voting power differs because each Class B share carries ten votes, while each Class A share carries one vote.

Did the reporting persons recently transact in Eventbrite (EB) stock before this amendment?

Yes. The filing states that, aside from the merger‑related arrangements, recent activity involved withholding of Class A shares held by Julia Hartz to satisfy tax liabilities on restricted stock unit settlements and the conversion of RSUs into 13,724 Class A shares on November 1, 2025.
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