Form 4: Miller Jeffrey George reports disposition transactions in SNCR
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Jeffrey George reported disposition transactions in a Form 4 filing for SNCR. The filing lists transactions totaling 511,412 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Miller Jeffrey George
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Purchase) | 3,310 | $0.00 | -- |
| Disposition | Stock Option (Right to Purchase) | 4,093 | $0.00 | -- |
| Disposition | Stock Option (Right to Purchase) | 27,884 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 46,478 | $0.00 | -- |
| Disposition | Common Stock | 429,647 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Purchase) — 0 shares (Direct);
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- The shares were disposed of pursuant to the Agreement and Plan of Merger, dated as of December 3, 2025 (the "Merger Agreement"), by and among the Issuer, Lumine Group US Holdco Inc., a Delaware corporation, and Skyfall Merger Sub Inc., a Delaware corporation, whereby, at the effective time of the merger contemplated therein (the "Effective Time"), all issued and outstanding shares of Issuer common stock were cancelled and automatically converted into the right to receive $9.00 per share in cash, without interest (the "Merger Consideration"). The number of derivative shares reported in this Form 4 account for the one-for-nine Reverse Stock Split effected by the Issuer on December 11, 2023 (the "Reverse Stock Split"). No fractional shares were issued in connection with the Reverse Stock Split. Any fractional shares that would have resulted from the Reverse Stock Split were rounded up to the nearest whole number. As of the Effective Time, all outstanding options have vested and are fully exercisable. Pursuant to the Merger Agreement, each vested stock option was cancelled and automatically converted into the right to receive an amount in cash determined by multiplying (x) the excess, if any, of the Merger Consideration over the applicable exercise price of such option by (y) the number of vested shares subject to such option (the "Option Payment"), less all applicable deductions and withholdings required by law to be withheld in respect of such payment; provided, however, that the Option Payment for each option with an exercise price equal to or greater than $9.00 was $0 and such option was cancelled for no consideration.
FAQ
What insider transaction did SNCR CEO Jeffrey Miller report on this Form 4?
Jeffrey Miller reported disposing of his Synchronoss common stock and stock options in connection with a cash merger. His 429,647 common shares were cancelled and converted into the right to receive $9.00 per share in cash under the merger agreement.
What happened to Jeffrey Miller’s Synchronoss (SNCR) stock options in the merger?
All of Jeffrey Miller’s outstanding options became fully vested and exercisable at the merger’s effective time. Each vested option was cancelled and converted into a cash amount based on the $9.00 merger price, with options priced at or above $9.00 receiving no payment.
Which companies were parties to the Synchronoss (SNCR) merger affecting this Form 4?
The merger involved Synchronoss Technologies, Inc., Lumine Group US Holdco Inc., and Skyfall Merger Sub Inc.. Under their merger agreement, all Synchronoss common shares were cancelled and converted into the right to receive cash at $9.00 per share.
Did any Synchronoss (SNCR) options receive no value in the merger?
Yes. Under the merger terms, each vested option’s cash payment equaled the excess of $9.00 over its exercise price times vested shares. Options with an exercise price equal to or greater than $9.00 received an option payment of $0 and were cancelled without consideration.