Jamf Holding Corp. (JAMF) CLO exits 390,627 shares in cash merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jamf Holding Corp.’s Chief Legal Officer Jeff Lendino reported the cash-out of his equity in connection with a merger. On January 30, 2026, all 390,627 shares of common stock he owned were disposed of at $13.05 per share under the merger agreement.
The total includes 307,238 unvested restricted stock units, which were cancelled and converted into cash-based awards that vest on the original RSU schedule. Two stock option grants covering 53,148 and 29,010 shares were also cancelled for cash based on their intrinsic value, leaving him with zero shares and options.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LENDINO JEFF
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 53,148 | $7.56 | $402K |
| Disposition | Stock Option (Right to Buy) | 29,010 | $4.84 | $140K |
| Disposition | Common Stock | 390,627 | $13.05 | $5.10M |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
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 307,238 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.
FAQ
What did Jamf (JAMF) Chief Legal Officer Jeff Lendino report on this Form 4?
Jeff Lendino reported the cash-out of his Jamf equity due to a merger. All his common shares, unvested restricted stock units, and certain stock options were cancelled and converted into cash rights based on a fixed per-share merger price of $13.05.
What happened to Jeff Lendino’s unvested RSUs in the Jamf (JAMF) merger?
His 307,238 unvested RSUs were cancelled and turned into cash-based awards. Each unit now represents the right to receive cash equal to $13.05 times the underlying shares, vesting and paying out on the same schedule as the original RSUs, subject to continued service.
How were Jeff Lendino’s Jamf (JAMF) stock options treated in the merger?
His reported stock options were cancelled and converted into cash rights. For options on 53,148 and 29,010 shares, he became entitled to cash equal to the number of option shares multiplied by the excess of the $13.05 merger price over each option’s exercise price.