[Form 4] Everi Holdings Inc Insider Trading Activity
Form 4 highlights: Director Debra L. Nutton reported the disposition of 500 Everi Holdings Inc. (EVRI) common shares and the cancellation of 30,400 restricted stock units (RSUs) on 07/01/2025.
The dispositions occurred automatically at the closing of Everi’s merger with Voyager Parent, LLC under the Agreement and Plan of Merger dated 07/26/2024. At the Effective Time (07/01/2025), each EVRI share and each underlying RSU were converted into the right to receive $14.25 in cash:
- Common shares: 500 × $14.25 = $7,125 cash consideration
- RSUs: 30,400 units × $14.25 = $432,600 cash consideration (payable on original vesting schedule)
Following the transactions, the reporting person’s beneficial ownership is 0 shares/RSUs, and Everi has become a wholly-owned subsidiary of Voyager Parent. No other equity transactions are disclosed.
- Merger completed: Cash consideration of $14.25 per share delivered as agreed, removing deal-completion risk.
- Clear compensation treatment: RSUs converted to cash under original vesting, maintaining value for insiders without diluting new owner.
- Zero remaining public float: Director ownership reduced to zero, signalling EVRI equity is no longer publicly traded and limiting future upside participation for prior shareholders.
Insights
TL;DR: Merger closed; director equity cashed out at $14.25, confirming EVRI’s take-private transaction completion.
The filing confirms legal consummation of the Everi–Voyager merger. The automatic cash conversion eliminates equity risk for existing holders and finalises a process announced a year earlier. Because the price and terms mirror the merger agreement, the impact is largely procedural for investors that already arbitraged the deal spread. However, closure removes any remaining transactional uncertainty and ensures liquidity at the agreed price. For option-holders (RSUs), the cash payments will follow original vesting, preserving compensation value while simplifying capital structure post-close.