[Form 4] Juniper Networks Inc Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights: Director Christine Marie Gorjanc disposed of 51,154 shares of Juniper Networks common stock and 6,840 restricted stock units (RSUs) on 07/02/2025. The disposition was involuntary and stems from the closing of the previously announced merger whereby Jasmine Acquisition Sub, Inc., a wholly-owned subsidiary of Hewlett Packard Enterprise Company ("Parent"), merged with and into Juniper Networks (the "Issuer").

Under the Merger Agreement dated 01/09/2024, every outstanding Juniper share was automatically converted into the right to receive $40.00 in cash ("Merger Consideration"). Similarly, each non-employee director RSU was cancelled and exchanged for a cash payment equal to the number of underlying shares multiplied by the same $40 consideration. Following these cash settlements, the reporting person now holds 0 shares and 0 derivative securities, and Juniper Networks has become a wholly-owned subsidiary of the Parent, ending its status as an independent public company.

The filing is procedural but confirms that (1) the merger closed on 07/02/2025, (2) shareholders—including insiders—received the agreed cash payout, and (3) Juniper equity instruments have been fully extinguished.

Positive

• $40.00 per share cash payout to all Juniper shareholders is confirmed, providing immediate liquidity and certainty.

Negative

• All Juniper equity extinguished; investors no longer participate in any future upside as the company is now privately held under the Parent.

Insights

M&A Specialist

TL;DR: Filing confirms merger close; Juniper shares cashed out at $40—neutral for arbitrageurs, final for public shareholders.

The Form 4 is a post-closing disclosure documenting the automatic cash-out of a director’s equity under the Hewlett Packard Enterprise–Juniper merger. Because the $40 per-share price was disclosed months earlier, the impact on valuation is already embedded; this filing merely records settlement mechanics. Investors who still held JNPR receive cash and exit their position, eliminating future participation in Juniper’s standalone prospects. For merger-arbitrage funds, it verifies deal completion and allows capital redeployment. No new operational or financial metrics are provided, so market impact is neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gorjanc Christine Marie

(Last) (First) (Middle)

1133 INNOVATION WAY

(Street)

SUNNYVALE CA 94089

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
JUNIPER NETWORKS INC [ JNPR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/02/2025		D		51,154	D	(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RSU Award	$0	07/02/2025		D			6,840	(2)	(3)	Common Stock	6,840	(2)	0	D

Explanation of Responses:

1. Pursuant to an Agreement and Plan of Merger, dated as of January 9, 2024 (the "Merger Agreement"), entered into by and among Juniper Networks, Inc., a Delaware corporation (the "Issuer"), Hewlett Packard Enterprise Company, a Delaware corporation ("Parent"), and Jasmine Acquisition Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), on July 2, 2025, in accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of Parent (the "Merger"). In connection with the Merger, each outstanding share of Issuer common stock ("Share") was converted into the right to receive an amount equal to $40.00 per share in cash, without interest (the "Merger Consideration").

2. Pursuant to the Merger Agreement, each Issuer restricted stock unit ("RSU") award outstanding immediately prior to the effective time of the Merger and held by a non-employee member of the Issuer's board of directors was cancelled and converted into the right to receive an amount of cash equal to the product of (A) the number of Shares that were subject to such Issuer RSU award as of immediately prior to the effective time of the Merger, multiplied by (B) the Merger Consideration.

3. Not applicable.

	By: /s/ Colin Lloyd, as attorney-in-fact For: Christine Gorjanc	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transaction is reported in Juniper Networks (JNPR) Form 4?

The director’s disposal of 51,154 common shares and 6,840 RSUs due to the cash merger with Hewlett Packard Enterprise.

What cash amount did Juniper shareholders receive per share?

Each share was converted into $40.00 in cash at closing.

How many shares did Christine Gorjanc dispose of?

She disposed of 51,154 common shares.

What happened to the director’s RSU awards?

All 6,840 RSUs were cancelled and paid out in cash at $40 per underlying share.

Does the reporting person hold any Juniper securities after this filing?

No. Following the merger settlement, she owns 0 shares and 0 derivative securities.