STOCK TITAN

[Form 4] Foot Locker, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Everi Holdings Inc. (EVRI) filed a Form 4 disclosing that director Secil Tabli Watson has disposed of her entire equity stake in connection with the company’s previously announced merger transaction.

  • Date of disposition: 01-Jul-2025 (the merger’s effective time).
  • Cash consideration: Each common share and each share underlying outstanding RSUs was converted into the right to receive $14.25 in cash, with no interest.
  • Common stock: 1,000 shares disposed; post-transaction ownership: 0.
  • Restricted stock units: Five separate RSU grants totaling 40,400 units (2,400 + 7,600 + 9,200 + 10,700 + 10,500) were cancelled for the same cash consideration.
  • Result: Watson now reports no direct or indirect ownership; Everi became a wholly-owned subsidiary of Voyager Parent LLC at closing.

The filing confirms the consummation of the merger outlined in the July 26 2024 Agreement and Plan of Merger among Everi, IGT PLC, Spinco (an IGT subsidiary), and Voyager entities. All equity interests have been converted to cash, ending the reporter’s insider status under Section 16.

Everi Holdings Inc. (EVRI) ha depositato un Modulo 4 che comunica che la direttrice Secil Tabli Watson ha cessato completamente la sua partecipazione azionaria in relazione alla fusione precedentemente annunciata dalla società.

  • Data della cessione: 01-lug-2025 (momento effettivo della fusione).
  • Controvalore in denaro: Ogni azione ordinaria e ogni azione sottostante RSU in circolazione è stata convertita nel diritto a ricevere 14,25 $ in contanti, senza interessi.
  • Azioni ordinarie: 1.000 azioni cedute; proprietà post-transazione: 0.
  • Unità di azioni vincolate (RSU): Cinque concessioni separate di RSU per un totale di 40.400 unità (2.400 + 7.600 + 9.200 + 10.700 + 10.500) sono state cancellate ricevendo lo stesso controvalore in denaro.
  • Risultato: Watson ora dichiara di non detenere alcuna proprietà diretta o indiretta; Everi è diventata una controllata interamente posseduta da Voyager Parent LLC alla chiusura.

Il deposito conferma il completamento della fusione descritta nell’Accordo e Piano di Fusione del 26 luglio 2024 tra Everi, IGT PLC, Spinco (una controllata di IGT) e le entità Voyager. Tutti gli interessi azionari sono stati convertiti in denaro, terminando lo status di insider del segnalante ai sensi della Sezione 16.

Everi Holdings Inc. (EVRI) presentó un Formulario 4 revelando que la directora Secil Tabli Watson ha dispuesto de toda su participación accionaria en relación con la transacción de fusión previamente anunciada por la empresa.

  • Fecha de disposición: 01-jul-2025 (fecha efectiva de la fusión).
  • Consideración en efectivo: Cada acción ordinaria y cada acción subyacente a RSU pendientes se convirtieron en el derecho a recibir $14.25 en efectivo, sin intereses.
  • Acciones ordinarias: 1,000 acciones dispuestas; propiedad después de la transacción: 0.
  • Unidades de acciones restringidas (RSU): Cinco concesiones separadas de RSU que suman 40,400 unidades (2,400 + 7,600 + 9,200 + 10,700 + 10,500) fueron canceladas por la misma consideración en efectivo.
  • Resultado: Watson ahora reporta ninguna propiedad directa o indirecta; Everi se convirtió en una subsidiaria de propiedad total de Voyager Parent LLC al cierre.

La presentación confirma la consumación de la fusión descrita en el Acuerdo y Plan de Fusión del 26 de julio de 2024 entre Everi, IGT PLC, Spinco (una subsidiaria de IGT) y las entidades Voyager. Todos los intereses accionarios se convirtieron en efectivo, terminando el estatus de insider del reportante conforme a la Sección 16.

Everi Holdings Inc. (EVRI)는 이사회 이사 Secil Tabli Watson이 회사가 이전에 발표한 합병 거래와 관련하여 보유 중인 모든 지분을 처분했다는 내용의 Form 4를 제출했습니다.

  • 처분일: 2025년 7월 1일 (합병 효력 발생 시점)
  • 현금 대가: 보통주 및 미결제 제한 주식 단위(RSU) 각 주식은 주당 14.25달러 현금을 받을 권리로 전환되었으며, 이자는 없습니다.
  • 보통주: 1,000주 처분; 거래 후 보유 지분: 0
  • 제한 주식 단위(RSU): 총 5건의 RSU 부여분 합계 40,400단위 (2,400 + 7,600 + 9,200 + 10,700 + 10,500)가 동일한 현금 대가로 취소되었습니다.
  • 결과: Watson은 현재 직접 또는 간접 소유 지분이 전혀 없음을 보고하며, Everi는 거래 종결 시 Voyager Parent LLC의 완전 자회사로 편입되었습니다.

이번 제출은 2024년 7월 26일에 체결된 Everi, IGT PLC, Spinco(IGT 자회사), Voyager 관련 법인 간의 합병 계약 및 계획서에 명시된 합병 완료를 확인합니다. 모든 지분이 현금으로 전환되어 신고자의 내부자 지위가 섹션 16에 따라 종료되었습니다.

Everi Holdings Inc. (EVRI) a déposé un formulaire 4 révélant que la directrice Secil Tabli Watson a cessé l'intégralité de sa participation dans le cadre de la transaction de fusion précédemment annoncée par la société.

  • Date de cession : 01-juil-2025 (date d'effet de la fusion).
  • Contrepartie en espèces : Chaque action ordinaire et chaque action sous-jacente aux unités d'actions restreintes (RSU) en circulation ont été converties en droit de recevoir 14,25 $ en espèces, sans intérêts.
  • Actions ordinaires : 1 000 actions cédées ; détention post-transaction : 0.
  • Unités d'actions restreintes : Cinq attributions distinctes de RSU totalisant 40 400 unités (2 400 + 7 600 + 9 200 + 10 700 + 10 500) ont été annulées en échange de la même contrepartie en espèces.
  • Résultat : Watson déclare désormais ne détenir aucune participation directe ou indirecte ; Everi est devenue une filiale en propriété exclusive de Voyager Parent LLC à la clôture.

Le dépôt confirme la réalisation de la fusion décrite dans l'Accord et Plan de Fusion du 26 juillet 2024 entre Everi, IGT PLC, Spinco (une filiale d'IGT) et les entités Voyager. Toutes les participations ont été converties en espèces, mettant fin au statut d'initié du déclarant en vertu de la Section 16.

Everi Holdings Inc. (EVRI) hat ein Formular 4 eingereicht, das offenlegt, dass die Direktorin Secil Tabli Watson ihre gesamte Beteiligung im Zusammenhang mit der zuvor angekündigten Fusionsvereinbarung des Unternehmens veräußert hat.

  • Veräußerungsdatum: 01. Juli 2025 (wirksamer Zeitpunkt der Fusion).
  • Bargeldentschädigung: Jede Stammaktie und jede zugrundeliegende RSU wurde in das Recht auf 14,25 $ in bar umgewandelt, ohne Zinsen.
  • Stammaktien: 1.000 Aktien veräußert; Eigentum nach der Transaktion: 0.
  • Restricted Stock Units (RSUs): Fünf separate RSU-Zuteilungen mit insgesamt 40.400 Einheiten (2.400 + 7.600 + 9.200 + 10.700 + 10.500) wurden gegen dieselbe Barvergütung storniert.
  • Ergebnis: Watson meldet nun keinen direkten oder indirekten Besitz; Everi wurde beim Abschluss eine hundertprozentige Tochtergesellschaft von Voyager Parent LLC.

Die Einreichung bestätigt den Vollzug der Fusion, die im Fusionsvertrag vom 26. Juli 2024 zwischen Everi, IGT PLC, Spinco (einer Tochtergesellschaft von IGT) und den Voyager-Gesellschaften beschrieben ist. Alle Beteiligungen wurden in Bargeld umgewandelt, wodurch der Insiderstatus des Meldenden gemäß Abschnitt 16 endet.

Positive
  • Merger consummation confirmed, providing shareholders a definitive cash payout of $14.25 per share.
  • Clean cancellation of 40,400 RSUs under original vesting schedules limits potential compensation disputes.
Negative
  • Public shareholders lose upside participation as Everi is now a private subsidiary; no future equity growth opportunity in EVRI.
  • Insider ownership reduced to zero, eliminating alignment between former directors and the new private entity.

Insights

TL;DR Disposition confirms merger closing; equity cashed out at $14.25, eliminating insider ownership and public float.

The Form 4 is procedural but significant: it evidences the closing mechanics of the IGT–Everi transaction. Shareholders, including insiders, received a fixed $14.25 per share in cash, implying no contingent consideration or holdbacks. The RSU language shows that unvested awards were treated on the same economic terms and will be paid on their original vesting schedules, indicating a standard ‘double-trigger’ structure that avoids windfalls yet preserves value. For investors still holding EVRI pre-close, this filing serves as official confirmation that they, too, should have received cash and that EVRI equity will no longer trade.

TL;DR Insider exits with zero shares; Section 16 obligations end, marking completion of take-private deal.

The director’s exit and zero remaining ownership align with standard governance practice post-acquisition; she is no longer subject to Section 16 reporting. No red flags such as retention of derivative positions or unusual side arrangements are present. The straightforward cancellation and cash-out suggest the board’s compensation plans were cleanly settled, lowering post-deal litigation risk. Impact on remaining public investors is moot because EVRI has ceased to be publicly traded.

Everi Holdings Inc. (EVRI) ha depositato un Modulo 4 che comunica che la direttrice Secil Tabli Watson ha cessato completamente la sua partecipazione azionaria in relazione alla fusione precedentemente annunciata dalla società.

  • Data della cessione: 01-lug-2025 (momento effettivo della fusione).
  • Controvalore in denaro: Ogni azione ordinaria e ogni azione sottostante RSU in circolazione è stata convertita nel diritto a ricevere 14,25 $ in contanti, senza interessi.
  • Azioni ordinarie: 1.000 azioni cedute; proprietà post-transazione: 0.
  • Unità di azioni vincolate (RSU): Cinque concessioni separate di RSU per un totale di 40.400 unità (2.400 + 7.600 + 9.200 + 10.700 + 10.500) sono state cancellate ricevendo lo stesso controvalore in denaro.
  • Risultato: Watson ora dichiara di non detenere alcuna proprietà diretta o indiretta; Everi è diventata una controllata interamente posseduta da Voyager Parent LLC alla chiusura.

Il deposito conferma il completamento della fusione descritta nell’Accordo e Piano di Fusione del 26 luglio 2024 tra Everi, IGT PLC, Spinco (una controllata di IGT) e le entità Voyager. Tutti gli interessi azionari sono stati convertiti in denaro, terminando lo status di insider del segnalante ai sensi della Sezione 16.

Everi Holdings Inc. (EVRI) presentó un Formulario 4 revelando que la directora Secil Tabli Watson ha dispuesto de toda su participación accionaria en relación con la transacción de fusión previamente anunciada por la empresa.

  • Fecha de disposición: 01-jul-2025 (fecha efectiva de la fusión).
  • Consideración en efectivo: Cada acción ordinaria y cada acción subyacente a RSU pendientes se convirtieron en el derecho a recibir $14.25 en efectivo, sin intereses.
  • Acciones ordinarias: 1,000 acciones dispuestas; propiedad después de la transacción: 0.
  • Unidades de acciones restringidas (RSU): Cinco concesiones separadas de RSU que suman 40,400 unidades (2,400 + 7,600 + 9,200 + 10,700 + 10,500) fueron canceladas por la misma consideración en efectivo.
  • Resultado: Watson ahora reporta ninguna propiedad directa o indirecta; Everi se convirtió en una subsidiaria de propiedad total de Voyager Parent LLC al cierre.

La presentación confirma la consumación de la fusión descrita en el Acuerdo y Plan de Fusión del 26 de julio de 2024 entre Everi, IGT PLC, Spinco (una subsidiaria de IGT) y las entidades Voyager. Todos los intereses accionarios se convirtieron en efectivo, terminando el estatus de insider del reportante conforme a la Sección 16.

Everi Holdings Inc. (EVRI)는 이사회 이사 Secil Tabli Watson이 회사가 이전에 발표한 합병 거래와 관련하여 보유 중인 모든 지분을 처분했다는 내용의 Form 4를 제출했습니다.

  • 처분일: 2025년 7월 1일 (합병 효력 발생 시점)
  • 현금 대가: 보통주 및 미결제 제한 주식 단위(RSU) 각 주식은 주당 14.25달러 현금을 받을 권리로 전환되었으며, 이자는 없습니다.
  • 보통주: 1,000주 처분; 거래 후 보유 지분: 0
  • 제한 주식 단위(RSU): 총 5건의 RSU 부여분 합계 40,400단위 (2,400 + 7,600 + 9,200 + 10,700 + 10,500)가 동일한 현금 대가로 취소되었습니다.
  • 결과: Watson은 현재 직접 또는 간접 소유 지분이 전혀 없음을 보고하며, Everi는 거래 종결 시 Voyager Parent LLC의 완전 자회사로 편입되었습니다.

이번 제출은 2024년 7월 26일에 체결된 Everi, IGT PLC, Spinco(IGT 자회사), Voyager 관련 법인 간의 합병 계약 및 계획서에 명시된 합병 완료를 확인합니다. 모든 지분이 현금으로 전환되어 신고자의 내부자 지위가 섹션 16에 따라 종료되었습니다.

Everi Holdings Inc. (EVRI) a déposé un formulaire 4 révélant que la directrice Secil Tabli Watson a cessé l'intégralité de sa participation dans le cadre de la transaction de fusion précédemment annoncée par la société.

  • Date de cession : 01-juil-2025 (date d'effet de la fusion).
  • Contrepartie en espèces : Chaque action ordinaire et chaque action sous-jacente aux unités d'actions restreintes (RSU) en circulation ont été converties en droit de recevoir 14,25 $ en espèces, sans intérêts.
  • Actions ordinaires : 1 000 actions cédées ; détention post-transaction : 0.
  • Unités d'actions restreintes : Cinq attributions distinctes de RSU totalisant 40 400 unités (2 400 + 7 600 + 9 200 + 10 700 + 10 500) ont été annulées en échange de la même contrepartie en espèces.
  • Résultat : Watson déclare désormais ne détenir aucune participation directe ou indirecte ; Everi est devenue une filiale en propriété exclusive de Voyager Parent LLC à la clôture.

Le dépôt confirme la réalisation de la fusion décrite dans l'Accord et Plan de Fusion du 26 juillet 2024 entre Everi, IGT PLC, Spinco (une filiale d'IGT) et les entités Voyager. Toutes les participations ont été converties en espèces, mettant fin au statut d'initié du déclarant en vertu de la Section 16.

Everi Holdings Inc. (EVRI) hat ein Formular 4 eingereicht, das offenlegt, dass die Direktorin Secil Tabli Watson ihre gesamte Beteiligung im Zusammenhang mit der zuvor angekündigten Fusionsvereinbarung des Unternehmens veräußert hat.

  • Veräußerungsdatum: 01. Juli 2025 (wirksamer Zeitpunkt der Fusion).
  • Bargeldentschädigung: Jede Stammaktie und jede zugrundeliegende RSU wurde in das Recht auf 14,25 $ in bar umgewandelt, ohne Zinsen.
  • Stammaktien: 1.000 Aktien veräußert; Eigentum nach der Transaktion: 0.
  • Restricted Stock Units (RSUs): Fünf separate RSU-Zuteilungen mit insgesamt 40.400 Einheiten (2.400 + 7.600 + 9.200 + 10.700 + 10.500) wurden gegen dieselbe Barvergütung storniert.
  • Ergebnis: Watson meldet nun keinen direkten oder indirekten Besitz; Everi wurde beim Abschluss eine hundertprozentige Tochtergesellschaft von Voyager Parent LLC.

Die Einreichung bestätigt den Vollzug der Fusion, die im Fusionsvertrag vom 26. Juli 2024 zwischen Everi, IGT PLC, Spinco (einer Tochtergesellschaft von IGT) und den Voyager-Gesellschaften beschrieben ist. Alle Beteiligungen wurden in Bargeld umgewandelt, wodurch der Insiderstatus des Meldenden gemäß Abschnitt 16 endet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Drosos Virginia

(Last) (First) (Middle)
C/O FOOT LOCKER, INC.,
330 WEST 34TH STREET

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FOOT LOCKER, INC. [ FL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 A(1) 3,469 A $24.5(2) 23,198 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Stock distribution made in payment of the stock portion of the reporting person's 2025 annual retainer.
2. Reflects the closing price of a share of the Company's common stock on June 30, 2025.
/s/ Erin Conway, Attorney-in-Fact for Virginia Drosos 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Everi director Secil Tabli Watson disclose in the Form 4 for EVRI?

She reported disposing of 1,000 common shares and 40,400 RSUs, converting all into cash at $14.25 per share.

When did the EVRI share disposition occur?

The effective disposition date was July 1, 2025, coinciding with the merger closing.

What consideration did EVRI shareholders receive in the merger?

Each share of Everi common stock was converted into the right to receive $14.25 in cash, without interest.

How many restricted stock units were cancelled for cash?

A total of 40,400 RSUs across five separate grants were cancelled and converted to cash at $14.25 per underlying share.

Does Secil Tabli Watson still own any EVRI securities after this transaction?

No. Following the transactions, her reported beneficial ownership is 0 shares.
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