Form 4: Gabrys Christina reports disposition transactions in SNCR
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gabrys Christina reported disposition transactions in a Form 4 filing for SNCR. The filing lists transactions totaling 77,360 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Gabrys Christina
Role
EVP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 148 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 369 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 1,945 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 946 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 556 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 2,421 | $0.00 | -- |
| Disposition | Common Stock | 70,975 | $0.00 | -- |
Holdings After Transaction:
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 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’s Christina Gabrys report on this Form 4?
Christina Gabrys reported disposing of 70,975 shares of Synchronoss common stock and multiple stock options on February 13, 2026. The equity was cancelled and converted to cash rights as part of a merger, rather than through open-market sales.
How were Christina Gabrys’ Synchronoss (SNCR) stock options treated?
At the effective time, all outstanding options became fully exercisable, then were cancelled and converted into a cash payment. Each payment equaled any excess of the $9.00 merger price over the option’s exercise price, multiplied by vested shares, less required tax withholdings.
What happened to Synchronoss (SNCR) options with exercise prices at or above $9.00?
Options with an exercise price equal to or greater than $9.00 received no cash payment. Under the Merger Agreement, those options were simply cancelled for no consideration, since their exercise price was not below the merger cash price per share.
What reverse stock split does the SNCR Form 4 reference?
The Form 4 notes a one-for-nine reverse stock split effected on December 11, 2023. Share amounts in the report reflect this split, with fractional shares not issued and any resulting fractions rounded up to the nearest whole share.
Which companies were parties to the Synchronoss (SNCR) Merger Agreement?
The Merger Agreement was among Synchronoss Technologies, Inc., Lumine Group US Holdco Inc., and Skyfall Merger Sub Inc.. At the effective time, all Synchronoss common shares were cancelled and converted into cash rights at $9.00 per share.