FuboTV insider reports Class A conversion and fully vested RSU grant
Rhea-AI Filing Summary
FuboTV Inc. (FUBO) — Form 4 insider activity: Executive Chairman and Director reported multiple transactions on 10/29/2025 tied to the closing of a Business Combination Agreement among the company, The Walt Disney Company, and Hulu LLC. In connection with closing, previously reported RSUs vested and converted, and the company converted from a Florida to a Delaware corporation, with each share of Common Stock becoming Class A common stock.
The reporting person acquired 1,653,915 shares of Class A common stock via conversion and received a grant of 296,834 RSUs that fully vested upon grant. Direct holdings were 1,950,749 Class A shares after these events. Indirectly held shares converted as well, including 1,715,821 Class A via Luminari Capital and 571,428 Class A via Waverley Capital, as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 71,146 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,304,802 | $0.00 | -- |
| Exercise | Common Stock | 71,146 | $0.00 | -- |
| Exercise | Common Stock | 1,304,802 | $0.00 | -- |
| Disposition | Common Stock | 1,653,915 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,653,915 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 296,834 | $0.00 | -- |
| Disposition | Common Stock | 1,715,821 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,715,821 | $0.00 | -- |
| Disposition | Common Stock | 571,428 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 571,428 | $0.00 | -- |
Footnotes (1)
- On October 29, 2025 (the "Closing Date"), the Issuer completed the transactions contemplated by the Business Combination Agreement, dated as of January 6, 2025 (the "Business Combination Agreement"), by and among the Issuer, The Walt Disney Company, and Hulu LLC (the "Transactions"). In connection with the consummation of the Transactions, the Issuer accelerated the vesting of the restricted stock unit awards ("RSUs") held by the Reporting Person that were previously reported in his Form 4 filings. Each RSU represented a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share ("Common Stock"). Pursuant to the Business Combination Agreement, on the Closing Date, the Issuer effected a conversion from a Florida corporation to a Delaware corporation (the "Conversion"). Upon effectiveness of the Conversion, each issued and outstanding share of Common Stock was automatically converted into an issued and outstanding share of Class A common stock, par value $0.0001 per share. On October 29, 2025, the Reporting Person was granted 296,834 RSUs, which have fully vested upon grant. Mr. Bronfman does not own these shares in his individual capacity. These shares are owned directly by Luminari Capital, L.P. ("Luminari Capital"). The general partner of Luminari Capital is Luminari Capital Partners, LLC. Mr. Bronfman has an assignee interest in Luminari Capital Partners, LLC. Dr. Daniel V. Leff, as managing member of Luminari Capital Partners, LLC, may be deemed to have shared voting and investment power with respect to these securities. Each of Mr. Bronfman, Dr. Leff and Luminari Capital Partners, LLC disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein and the inclusion of these securities in this filing shall not be deemed an admission by any of them of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. Mr. Bronfman does not own these shares in his individual capacity. These shares are owned directly by Waverley Capital, L.P. ("Waverley Capital"). The general partner of Waverley Capital is Waverley Capital Partners, LLC. Mr. Bronfman and Dr. Daniel V. Leff, as managing members of Waverley Capital Partners, LLC, may be deemed to have shared voting and investment power with respect to these securities. Each of Mr. Bronfman, Dr. Leff and Waverley Capital Partners, LLC disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein and the inclusion of these securities in this filing shall not be deemed an admission by any of them of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.