[Form 4] E2open Parent Holdings, Inc. Insider Trading Activity
Event: Susan E. Bennett, Chief Legal Officer, filed a Form 4 reporting transactions dated 08/03/2025 in E2open Parent Holdings, Inc. (ETWO) arising from a Merger Agreement dated May 25, 2025 with WiseTech Global.
Key facts:
- 86,550 Class A common shares were disposed; beneficial ownership of Class A shares is reported as 0 following the transaction.
- 1,094,361 restricted stock units were cancelled and converted into Parent restricted stock units under the merger formula.
- 164,836 options (exercise price $2.73) were cancelled and converted into the right to receive cash equal to the excess of the Per Share Price over the exercise price; the Per Share Price is $3.30.
- Merger completed with explicit treatment of awards under the Merger Agreement
- $3.30 per share cash consideration specified for cancelled Class A common stock
- RSUs and options were converted under defined formulas, providing contractual clarity
- Reporting person holds 0 Class A shares following the transaction, indicating full conversion/cancellation
- Company became a wholly owned subsidiary of Parent, removing ETWO from independent public equity (per filing)
Insights
TL;DR Merger closed; insider holdings were cashed out or converted, producing a definitive liquidity outcome for ETWO equity.
The Form 4 documents a transaction date of 08/03/2025 tied to the Merger Agreement dated May 25, 2025. Public Class A shares owned by the reporting person were cancelled and converted into $3.30 per-share cash consideration. Reported equity awards were treated per merger terms: 1,094,361 RSUs converted into Parent restricted stock units using the stated exchange/VWAP formula with fractional rounding down; options (strike $2.73) were converted into cash equal to the excess of the Per Share Price over the exercise price multiplied by the number of option shares. This is a material liquidity event and alters public free float.
TL;DR Form 4 shows standard post-merger treatment: cancellation/conversion of equity awards and zero remaining Class A ownership by the insider.
The filing identifies Susan E. Bennett as the reporting person and Chief Legal Officer. It discloses that at the Effective Time the Company became a wholly owned subsidiary of Parent and outstanding Class A shares and derivative awards were cancelled or converted under the Merger Agreement. RSU conversion mechanics and option cash-conversion formula are explicitly stated, including rounding rules for fractional Parent shares. The disclosure is consistent with contractual merger consideration and required Section 16 reporting.