[Form 4] FARMER BROTHERS CO Insider Trading Activity
Rhea-AI Filing Summary
Farmer Brothers Co. director Bradley Louis Radoff reported dispositions of all his common stock in connection with the company’s merger with Royal Cup, Inc. The filing shows 125,000 shares held by the Radoff Family Foundation and 368,679 shares held directly were surrendered to the issuer at $1.29 per share.
Under the merger agreement, each outstanding Farmer Brothers common share was cancelled and converted into the right to receive $1.29 in cash, without interest, as the company became a wholly owned subsidiary of Royal Cup. After these issuer dispositions, the filing reports Radoff with zero shares remaining.
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Insights
Director’s entire equity position is cashed out at the merger price of $1.29 per share.
The transactions show Bradley Louis Radoff, a director of Farmer Brothers Co., disposing of all reported common shares at $1.29 per share in an issuer transaction tied to a cash merger with Royal Cup, Inc.. Both his direct holdings and shares held via the Radoff Family Foundation are included.
The footnote explains that each outstanding Farmer Brothers share was cancelled and converted into the right to receive $1.29 in cash when the company became a wholly owned subsidiary of Royal Cup. The board approved the disposition under Rule 16b-3, indicating it was treated as a board-authorized, corporate-transaction event rather than an open-market trade.
Following these dispositions, the filing reports zero shares remaining for Radoff, and no derivative positions in the derivative section. This suggests his reported equity exposure through this issuer has been fully converted to cash at the merger price, with any future exposure depending on separate arrangements not described here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 368,679 | $1.29 | $476K |
| Disposition | Common Stock | 125,000 | $1.29 | $161K |
Footnotes (1)
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