FUBO insider update: stock class conversion and multi-grant RSUs
Rhea-AI Filing Summary
FuboTV (FUBO) insider filing: CEO and director David Gandler reported administrative changes tied to a corporate reorganization on 10/29/2025. In connection with a Business Combination Agreement among FuboTV, The Walt Disney Company, and Hulu LLC, the company converted from a Florida to a Delaware corporation, and each share of Common Stock automatically became Class A common stock.
The report shows a non-cash conversion of 296,817 shares from Common Stock (disposed) to 296,817 Class A common shares (acquired). It also lists RSU awards priced at $0 covering Class A common stock: 1,088,391; 248,314; 1,240,741; and 1,304,802. One grant vests one-third on the first anniversary of the closing and the remaining two-thirds on the second anniversary, subject to continued employment or certain separations. Performance-based RSUs remain subject to time-based vesting through the original performance period, subject to employment conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,088,391 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 248,314 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,240,741 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,304,802 | $0.00 | -- |
| Disposition | Common Stock | 296,817 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 296,817 | $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"). 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 ("Class A Common Stock"). Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest as to one third on the first anniversary of the Closing Date and as to the remaining two-thirds of the RSUs on the second anniversary of the Closing Date, in each case, subject to continued employment through the applicable vesting date or the Reporting Person's termination without cause or resignation for good reason. The Issuer previously granted the Reporting Person an award of RSUs that vest based on the Issuer's satisfaction of certain performance objectives. The earned performance RSUs will generally remain subject to time-based vesting through the original performance period (or, if earlier, the date of the executive's termination without cause or resignation for good reason), subject to the Reporting Person's continued employment through the applicable vesting date.
