Jamf (NASDAQ: JAMF) Chief Innovation Officer fully cashed out in $13.05-per-share merger
Rhea-AI Filing Summary
Jamf Holding Corp.’s Chief Innovation Officer, Jason Wudi, reported a full cash-out of his equity due to Jamf’s merger with Jawbreaker Parent, Inc. At the merger’s effective time, all 373,742 shares of Jamf common stock he owned were cancelled and converted into the right to receive $13.05 per share in cash.
This total includes 231,582 unvested restricted stock units that were converted into cash-based awards, which will vest on the original RSU schedule if his service continues. Two stock option grants covering 133,900 shares at an exercise price of $7.56 and 74,250 shares at $4.84 were also cancelled and converted into cash equal to the spread between the $13.05 merger price and each option’s exercise price. Following these transactions, Wudi reported holding no Jamf common stock or stock options.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 133,900 | $7.56 | $1.01M |
| Disposition | Stock Option (Right to Buy) | 74,250 | $4.84 | $359K |
| Disposition | Common Stock | 373,742 | $13.05 | $4.88M |
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 231,582 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. 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.