Amicus Therapeutics (NASDAQ: FOLD) director’s shares and options cashed out in BioMarin deal
Rhea-AI Filing Summary
AMICUS THERAPEUTICS, INC. director Craig A. Wheeler disposed of his equity in connection with the acquisition of Amicus by BioMarin Pharmaceutical Inc. Each reported transaction reflects a disposition to the issuer tied to consummation of the merger.
Wheeler surrendered 84,631 shares of Common Stock at $14.50 per share and no Common Stock remained directly owned afterward. He also disposed of multiple fully vested stock option awards, each cancelled and converted into a cash right based on the $14.50 per share merger price minus the option’s exercise price, multiplied by the shares underlying each option grant.
The cancelled options covered various exercise prices, including $5.96, $8.55, $10.27, $10.71, $12.00, $12.62, $12.81, $8.60 and $6.71 per share, with expiration dates ranging from 2026 to 2035. Following these actions, Wheeler no longer held Common Stock or the reported options directly.
Positive
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Negative
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Insights
Director’s Amicus equity is fully cashed out through the BioMarin merger.
The filing shows Craig A. Wheeler, a director of Amicus Therapeutics, disposing of all reported Common Stock and stock options in connection with the company’s acquisition by BioMarin Pharmaceutical Inc. Consideration is tied to the stated merger price of $14.50 per share.
Wheeler’s 84,631 Common shares were disposed of at $14.50 per share, and each option grant was cancelled for a cash right equal to $14.50 minus the relevant exercise price, times the number of underlying shares. All listed options were fully vested at or upon merger closing.
With zero shares and no listed options remaining after these transactions, this Form 4 reflects a clean payout of the director’s disclosed Amicus equity as part of the merger structure. The event is transactional and stems from the change of control, not an open‑market trading decision.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (right to buy) | 30,000 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 16,236 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 19,473 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 18,574 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 36,111 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 45,423 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 30,474 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 42,467 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 74,872 | $0.00 | -- |
| Disposition | Common Stock | 84,631 | $14.50 | $1.23M |
Footnotes (1)
- The reported securities were disposed of in connection with consummation of the acquisition of the Issuer by BioMarin Pharmaceutical Inc. (the "Merger"), which included 64,217 shares of Common Stock and 20,414 restricted stock units (which vested in full in connection with consummation of the Merger). In connection with consummation of the Merger, each reported stock option ("Option") was cancelled and converted into the right to receive a cash payment equal to (a) the excess of (i) $14.50 per share over (ii) the exercise price payable per share, multiplied by (b) the total number of shares subject to such Option. Each Option was fully vested. Each Option vested in full in connection with consummation of the Merger.