Amicus (FOLD) chief legal officer exits equity as BioMarin buyout pays $14.50
Rhea-AI Filing Summary
AMICUS THERAPEUTICS, INC. Chief Legal Officer Ellen Rosenberg reported disposing of her equity position in connection with the acquisition of Amicus by BioMarin Pharmaceutical Inc. at $14.50 per share. The filing shows 463,898 directly held shares of common stock and related equity awards being cashed out as part of the merger terms.
An additional 15,000 shares of common stock held indirectly by her spouse were also disposed of at $14.50 per share. Several batches of stock options were cancelled and converted into cash based on the spread between the $14.50 merger price and their respective exercise prices, leaving no reported remaining options or common shares after the transaction.
Positive
- None.
Negative
- None.
Insights
All reported Amicus equity held by the CLO was cashed out in the BioMarin merger.
The filing shows Chief Legal Officer Ellen Rosenberg disposing of common shares and stock options in connection with the cash acquisition of AMICUS THERAPEUTICS, INC. by BioMarin Pharmaceutical Inc. at $14.50 per share. These are code D transactions, classified as dispositions to the issuer tied to the merger closing.
The report lists 463,898 directly held common shares and 15,000 indirectly held shares by spouse, all converted to cash at the merger price. Multiple fully vested stock option grants with exercise prices between $9.41 and $14.24 per share were cancelled and converted into cash based on their intrinsic value. With total_shares_following_transaction and derivativeSummary both at zero, this reflects a full exit from Amicus equity due to the change of control, a routine outcome in an all-cash takeover rather than a discretionary market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (right to buy) | 93,663 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 107,575 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 134,044 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 138,008 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 108,980 | $0.00 | -- |
| Disposition | Stock Options (right to buy) | 203,825 | $0.00 | -- |
| Disposition | Common Stock | 463,898 | $14.50 | $6.73M |
| Disposition | Common Stock | 15,000 | $14.50 | $218K |
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 311,410 shares of Common Stock and 152,488 restricted stock units (which vested in full in connection with consummation of the Merger). The reported securities were disposed of in connection with the consummation of the Merger, which included 15,000 shares of Common Stock. 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.