Emerald Holding (EEX) EVP stock cashed out in $5.03-per-share merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Emerald Holding, Inc. disclosed that EVP and General Counsel Sara Altschul disposed of 70,182 shares of Common Stock on July 14, 2026, in connection with a merger. These shares, including time-based RSUs, were cancelled and converted into the right to receive $5.03 in cash per share, leaving her with 0 shares directly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Altschul Sara
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 70,182 | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated May 9, 2026, by and among the Issuer, Emma Buyer, LLC, a Delaware limited liability company ("Parent"), and Emma Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("Merger Sub"), on July 14, 2026 (the "Effective Date"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of Parent. In connection with the Merger, these shares were cancelled and converted into the right to receive $5.03 in cash, without interest, per share, subject to the terms and conditions of the Merger Agreement (the "Merger Consideration"). Includes 70,182 restricted stock units ("RSUs") subject to time-based vesting requirements. Pursuant to the Merger Agreement, as of the Effective Time, these RSUs automatically became fully vested and were cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of shares of Common Stock subject to the RSUs multiplied by (ii) the Merger Consideration, without interest and subject to any applicable tax withholding.
Key Figures
Shares disposed: 70,182 shares
Merger Consideration: $5.03 per share
Shares following transaction: 0 shares
+2 more
5 metrics
Shares disposed
70,182 shares
Common Stock disposed to issuer in connection with merger on July 14, 2026
Merger Consideration
$5.03 per share
Cash received per cancelled share in the merger
Shares following transaction
0 shares
Direct holdings of Sara Altschul after the disposition
Restricted stock units
70,182 RSUs
Time-based RSUs that fully vested and converted to cash at $5.03 per share
Disposition transactions
1
Number of issuer disposition transactions reported for this insider
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted stock units ("RSUs"), time-based vesting requirements
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement")"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"converted into the right to receive $5.03 in cash, without interest, per share (the "Merger Consideration")"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
restricted stock units ("RSUs") financial
"Includes 70,182 restricted stock units ("RSUs") subject to time-based vesting requirements."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
time-based vesting requirements financial
"Includes 70,182 restricted stock units ("RSUs") subject to time-based vesting requirements."
Time-based vesting requirements are rules that grant an employee the right to stock, options or other equity only after they work for the company for a set period or reach specific time checkpoints, like earning a reward after paying installments. For investors this matters because it spreads out when new shares can be claimed and sold, affecting future dilution, employee retention, and the timing of potential selling pressure on the stock.
FAQ
What insider transaction did Emerald Holding (EEX) executive Sara Altschul report?
Sara Altschul reported a disposition of 70,182 shares of Emerald Holding Common Stock on July 14, 2026. In connection with a merger, these shares were cancelled and converted into the right to receive $5.03 in cash per share, leaving her with no directly held shares.
What happened to Emerald Holding (EEX) RSUs held by Sara Altschul in the merger?
Sara Altschul’s 70,182 restricted stock units (RSUs), subject to time-based vesting, automatically became fully vested at the merger’s effective time. They were then cancelled and converted into a cash amount equal to the RSU share count multiplied by the $5.03 Merger Consideration, before tax withholding.
What corporate event triggered the Form 4 transaction at Emerald Holding (EEX)?
The transaction was triggered by a merger in which Emma Merger Sub, Inc. merged with and into Emerald Holding on July 14, 2026. Emerald Holding continued as the surviving corporation and became a wholly-owned subsidiary of Emma Buyer, LLC, with shareholder equity converted into cash consideration.