[Form 4] ReShape Lifesciences, Inc. Insider Trading Activity
Robert Dickey IV, Chief Financial Officer and Director of Vyome Holdings, Inc., reported a change in beneficial ownership related to a merger involving Vyome Therapeutics. The reporting person received 762 shares of Vyome Holdings common stock on 08/15/2025 in exchange for 3,810,000 shares of Vyome Therapeutics common stock under the Merger Agreement, which converted every 5,000 Vyome Therapeutics shares into one share of the issuer. The Merger resulted in Vyome Therapeutics becoming a subsidiary of the issuer and the renamed parent company Vyome Holdings, Inc. The Form 4 discloses the acquisition as a non-derivative transaction and indicates the reporting person holds the shares directly.
- Transparency: Reporting person timely filed a Form 4 disclosing the merger-related acquisition, which supports regulatory transparency
- Clear conversion terms: The filing specifies the conversion ratio (1 Vyome Holdings share per 5,000 Vyome Therapeutics shares), clarifying the mechanics of the ownership change
- None.
Insights
TL;DR: Insider received a small number of parent-company shares via a merger conversion that consolidated a large base of subsidiary shares.
The reported transaction is a mechanical conversion under a merger agreement, where a large block of subsidiary common stock (3,810,000 shares) converted into a comparatively small number of parent-company shares (762) at a fixed ratio (1-for-5,000). For investors, this does not reflect an open-market purchase or sale by the insider but the exchange mechanics of the corporate reorganization. The Form 4 shows ownership is direct and the transaction code indicates an acquisition by virtue of the merger. There is no cash consideration disclosed for the reporting person in the filing.
TL;DR: The filing documents an internal restructuring transfer; it is procedural rather than an operational change.
This disclosure notifies shareholders of a change in beneficial ownership resulting from the completion of a merger and the subsequent stock conversion ratio. It confirms proper reporting by an insider who is an officer and director, supporting transparency. The filing does not disclose any related-party compensation, option exercises, or other governance actions beyond the conversion. Material governance implications would require additional information such as pro forma share counts, dilution impact, or changes to executive compensation, which are not included here.