Jamf CEO’s 1.48M shares converted at $13.05 in merger
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Rhea-AI Filing Summary
Jamf Holding Corp.’s CEO and director John Strosahl reported the cash-out of 1,480,451 shares of common stock at $13.05 per share in connection with the closing of a merger with Jawbreaker Parent, Inc. Each share he owned was automatically cancelled and converted into the right to receive cash at this price.
The disposed shares include 1,162,206 unvested restricted stock units that were converted into cash-based awards, which will vest on the original RSU schedule, subject to continued service. In addition, two stock options covering 121,000 and 123,750 shares were cancelled and converted into cash based on the spread between the $13.05 merger price and their exercise prices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 121,000 | $7.56 | $915K |
| Disposition | Stock Option (Right to Buy) | 123,750 | $4.84 | $599K |
| Disposition | Common Stock | 1,480,451 | $13.05 | $19.32M |
Footnotes (3)
- F1. Pursuant to the Agreement and Plan of Merger, dated as of October 28, 2025 (the "Merger Agreement"), by and among the Issuer, Jawbreaker Parent, Inc. ("Parent") and Jawbreaker Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.001 per share ("Common Stock"), owned by the reporting person immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $13.05 per share in cash, without interest thereon (the "Per Share Price").
- F2. The shares of Common Stock reported as disposed by the reporting person include 1,162,206 unvested restricted stock units ("Company RSUs") which, pursuant to the Merger Agreement, were, at or immediately prior to the Effective Time, cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the Per Share Price and (ii) the total number of shares of Common Stock subject to such Company RSUs as of immediately prior to the Effective Time (the "Converted Cash Awards"). The Converted Cash Awards will, subject to the reporting person's continued service through the applicable vesting dates, vest and be payable at the time when the Company RSUs for which the Converted Cash Awards were exchanged would have vested pursuant to the terms thereof.
- F3. Pursuant to the Merger Agreement, this stock option was, at or immediately prior to the Effective Time, cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the total number of shares of Common Stock subject to such option as of immediately prior to the Effective Time and (ii) the excess, if any, of the Per Share Price over the exercise price of such option.
FAQ
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What insider transaction did Jamf (JAMF) report for CEO John Strosahl?
How were John Strosahl’s restricted stock units treated in the Jamf merger?
What happened to Jamf CEO John Strosahl’s stock options in the transaction?
What merger triggered the insider transaction reported for Jamf CEO John Strosahl?
AI-generated analysis. How Rhea-AI works. Not financial advice.