Amicus Therapeutics (NASDAQ: FOLD) director equity paid out at $14.50 in BioMarin deal
Rhea-AI Filing Summary
AMICUS THERAPEUTICS, INC. director Eiry Roberts reported disposing of equity in connection with the consummation of the company’s acquisition by BioMarin Pharmaceutical Inc.
The filing shows a disposition of 76,275 shares of Common Stock at $14.50 per share, tied to the merger consideration. Footnotes state this amount included 55,861 shares of Common Stock and 20,414 restricted stock units, with the restricted stock units vesting in full at closing of the merger.
Multiple fully vested stock option grants were also disposed of to the issuer and converted into a cash right. These covered 74,872, 42,467, 30,474, 45,423 and 40,625 underlying shares at exercise prices ranging from $5.96 to $12.62 per share. For each option, the holder became entitled to a cash payment equal to the excess of $14.50 per share over the applicable exercise price, multiplied by the number of shares subject to that option. Following these transactions, the reporting person shows 0 shares and 0 options held in this filing.
Positive
- None.
Negative
- None.
Insights
Director’s stock and options were cashed out at the $14.50 merger price.
The Form 4 shows Eiry Roberts, a director of Amicus Therapeutics, surrendering common shares, restricted stock units, and stock options as part of the completed acquisition by BioMarin Pharmaceutical Inc. This reflects standard equity treatment on a change of control.
Common shares and fully vested restricted stock units were effectively valued at $14.50 per share, matching the merger consideration. Each vested option was canceled and replaced with a cash right equal to $14.50 minus the option’s exercise price, times the shares covered, so only in‑the‑money value was paid.
After these dispositions, the filing shows no remaining common stock or options held by the reporting person. Economically, this is a closing mechanics event rather than a discretionary trade, and it aligns the director’s equity treatment with the merger terms already agreed for shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (right to buy) | 40,625 | $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 | 76,275 | $14.50 | $1.11M |
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 55,861 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.