[Form 4] SYNCHRONOSS TECHNOLOGIES INC Insider Trading Activity
Rhea-AI Filing Summary
Synchronoss Technologies Executive Chairman Stephen Waldis reported the cash-out of his equity in connection with the company’s merger. On February 13, 2026, a total of 124,333 shares of common stock, including 4,684 shares held through the Waldis Family Partnership, were disposed of when all outstanding shares were cancelled and converted into the right to receive $9.00 per share in cash.
Waldis also reported derivative transactions involving stock options. Options covering 3,972 and 1,965 shares were disposed of, and an option over 3,083 shares was exercised, after which vested options were cancelled and converted into cash based on the $9.00 merger price, with no payment for options with exercise prices at or above $9.00.
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Insights
Form 4 shows executive chairman’s equity fully cashed out in a $9-per-share merger.
Stephen Waldis, Executive Chairman of Synchronoss Technologies, reports that his common shares and vested options were cancelled in a merger where each share was converted into the right to receive $9.00 in cash. This reflects a typical going-private or change-of-control cash transaction.
The filing details dispositions of common stock, including indirectly held shares via the Waldis Family Partnership, along with cancellation or exercise-and-cashout of several stock option grants. All outstanding options became fully exercisable at the merger’s effective time, with options priced at or above $9.00 receiving no payout.
After these transactions, the report shows zero shares and options remaining for Waldis, indicating his equity stake was effectively eliminated as part of the merger structure. Future company filings may provide broader context on the acquirer and post-merger capital structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 3,972 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 1,965 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 3,083 | $0.00 | -- |
| Disposition | Common Stock | 119,649 | $0.00 | -- |
| Disposition | Common Stock | 4,684 | $0.00 | -- |
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.
