Simulations Plus: 77,817 executive shares converted
Options with exercise prices at or above the $18.50 merger consideration were canceled without payment; the 27,500-share option at $16.02 converted to a cash right.
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
Jill Fiedler-Kelly reported disposition transactions in this Form 4 filing. Simulations Plus, Inc. (SLP) reported that 77,817 common shares held directly by Jill Fiedler-Kelly, President, Services Solutions, were converted under the merger terms into the right to receive $18.50 in cash, without interest, per share. Her reported direct common-stock holdings after the transaction were zero. The reported transactions are dated October 6, 2026. A 27,500-share option was canceled for a cash right, while options with exercise prices equal to or greater than the merger consideration were canceled without payment.
Insights
Analyzing...
Insider Trade Summary
Disposition: 169,117 shares
Disposition
9 txns
Insider
Fiedler-Kelly Jill
Role
President, Services Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to Buy) F3 | 27,500 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 15,000 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 15,000 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 7,500 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 7,000 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 5,000 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 9,300 | -- | -- |
| Disposition | Stock Options (Right to Buy) F3, F4 | 5,000 | -- | -- |
| Disposition | Common Stock F1, F2 | 77,817 | $18.50 | $1.44M |
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 converted: 77,817 shares
Merger consideration: $18.50 per share
Direct common-stock holdings after transaction: 0 shares
+2 more
5 metrics
Common shares converted
77,817 shares
Jill Fiedler-Kelly's direct shares; transaction dated October 6, 2026
Merger consideration
$18.50 per share
Cash payable without interest under the merger terms
Direct common-stock holdings after transaction
0 shares
Jill Fiedler-Kelly
Option shares
27,500 shares
Option canceled for a cash right
Option exercise price
$16.02 per share
Exercise price for the 27,500-share option
Key Terms
Merger Consideration, Effective Time, Company Option, Agreement and Plan of Merger
4 terms
Merger Consideration financial
"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.
Effective Time financial
"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.
Company Option financial
"each option to purchase shares of Company Common Stock (each, a Company Option)"
Agreement and Plan of Merger financial
"Agreement and Plan of Merger, dated as of June 15, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What happened to Jill Fiedler-Kelly's options in the SLP merger?
The option covering 27,500 shares, with a $16.02 exercise price, vested and was canceled for a cash right equal to the option shares multiplied by the excess, if any, of the $18.50 merger consideration over the exercise price. Options with exercise prices equal to or greater than the merger consideration were canceled without payment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
