Jamf (JAMF) CIO has 250,308 shares cashed out at $13.05 in merger
Rhea-AI Filing Summary
Jamf Holding Corp. filed a Form 4 for CIO Linh Lam detailing the cash-out of her common stock in connection with the company’s merger with Jawbreaker Parent, Inc. At the merger’s effective time, all 250,308 Jamf common shares owned by her were cancelled and converted into the right to receive $13.05 per share in cash.
This total includes 231,919 unvested restricted stock units that were also cancelled and converted into cash-based awards. These new cash awards will vest and be paid on the same schedule as the original RSUs, subject to her continued service. After the transaction, she reported owning 0 shares of Jamf common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 250,308 | $13.05 | $3.27M |
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 231,919 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 insider transaction did Jamf (JAMF) CIO Linh Lam report?
What happened to Jamf (JAMF) CIO Linh Lam’s unvested RSUs in the merger?
Does Jamf (JAMF) CIO Linh Lam still own Jamf common stock after the merger?
Who acquired Jamf (JAMF) in the merger triggering this Form 4?