Jamf (JAMF) CTO reports $13.05-per-share cash-out in merger
Rhea-AI Filing Summary
Jamf Holding Corp. reported that CTO Beth Tschida’s common stock was converted to cash in connection with Jamf’s merger into Jawbreaker Parent, Inc. At the merger’s effective time, 475,932 directly held shares and 1,603 shares held indirectly through a child were cancelled in exchange for $13.05 per share.
The disposed shares include 448,264 unvested restricted stock units that were cancelled and replaced with cash-settled awards based on the same $13.05 price. These replacement cash awards will vest and be paid on the same schedule as the original RSUs, subject to her continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 475,932 | $13.05 | $6.21M |
| Disposition | Common Stock | 1,603 | $13.05 | $21K |
Footnotes (1)
- 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"). The shares of Common Stock reported as disposed by the reporting person include 448,264 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.
FAQ
What did Jamf (JAMF) CTO Beth Tschida report in this Form 4?
What happened to Beth Tschida’s unvested Jamf (JAMF) RSUs in the merger?
Does Beth Tschida still hold any Jamf (JAMF) common stock after this transaction?