Simulations Plus director disposes of 14,589 shares
The merger converted eligible common shares into a right to receive $18.50 in cash per share; both reported option positions were canceled without payment.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Simulations Plus, Inc. (SLP) director John Kenneth Paglia disposed of 14,589 common shares on October 6, 2026, in connection with the merger. The shares converted into a right to receive $18.50 in cash per share, and his reported direct common-stock holdings afterward were 0. He also disposed of options to purchase 6,000 shares at a $34.23 exercise price and 5,000 shares at a $61.84 exercise price; both option positions were canceled without payment under the merger terms. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Disposition: 25,589 shares
Disposition
3 txns
Insider
Paglia John Kenneth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to Buy) F3, F4 | 6,000 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 5,000 | -- | -- |
| Disposition | Common Stock F1, F2 | 14,589 | $18.50 | $270K |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of June 15, 2026 (the "Merger Agreement"), by and among Simulations Plus, Inc. (the "Issuer"), SP Evolution HoldCo II, LLC ("Parent") and SP Evolution BidCo II, LLC, a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
- F2. At the effective time of the Merger (the "Effective Time"), each share of common stock of the Issuer ("Company Common Stock") issued and outstanding immediately prior to the Effective Time (other than certain excluded shares specified in the Merger Agreement) was automatically converted into the right to receive $18.50 in cash, without interest (the "Merger Consideration").
- F3. Pursuant to the Merger Agreement, effective as of or immediately prior to the Effective Time, each option to purchase shares of Company Common Stock (each, a "Company Option") that was outstanding immediately prior to the Effective Time automatically vested in full and was canceled and converted into the right to receive an amount in cash, without interest, equal to (i) the number of shares of Company Common Stock subject to such Company Option immediately prior to the Effective Time, multiplied by (ii) the excess, if any, of the Merger Consideration over the applicable exercise price per share of Company Common Stock subject to such Company Option.
- F4. Any such Company Option with a per share exercise price that was equal to or greater than the Merger Consideration was canceled by virtue of the Merger without any payment to the reporting person.
Key Figures
Common shares disposed: 14,589 shares
Merger consideration: $18.50 per share
Direct common-stock holdings after transaction: 0 shares
+4 more
7 metrics
Common shares disposed
14,589 shares
October 6, 2026 merger transaction
Merger consideration
$18.50 per share
Cash consideration for each eligible common share
Direct common-stock holdings after transaction
0 shares
Reported following the transaction
Option shares
6,000 shares
Options canceled without payment; exercise price of $34.23 per share
Option exercise price
$34.23 per share
Options covering 6,000 shares; canceled without payment
Option shares
5,000 shares
Options canceled without payment; exercise price of $61.84 per share
Option exercise price
$61.84 per share
Options covering 5,000 shares; canceled without payment
Key Terms
Merger Consideration, Company Option, Effective Time
3 terms
Merger Consideration financial
"the right to receive $18.50 in cash, without interest (the "Merger Consideration")"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Company Option financial
"each option to purchase shares of Company Common Stock (each, a "Company Option")"
Effective Time technical
"At the effective time of the Merger (the "Effective Time")"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What happened to John Kenneth Paglia's SLP options in the merger?
The merger canceled Paglia's options to purchase 6,000 and 5,000 shares, with exercise prices of $34.23 and $61.84 per share, respectively. The merger terms state that options with exercise prices equal to or greater than the $18.50 merger consideration were canceled without payment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
