[Form 4] SYNCHRONOSS TECHNOLOGIES INC Insider Trading Activity
On September 12, 2025 the reporting person disclosed a change in indirect ownership of Synchronoss Technologies Inc. (SNCR) following a corporate combination: 180 Degree Capital Corp. merged with Mount Logan Capital Inc. as described in the filing. As a result of the merger the reporting person "ceased to have voting and/or dispositive control" of 888,892 shares previously reported as indirectly beneficially owned. The filing states no shares were sold in connection with the merger.
- No shares were sold in conjunction with the merger, per the filing
- Reporting person ceased to have voting and/or dispositive control of 888,892 shares following the merger
Insights
TL;DR: Merger caused loss of indirect control of 888,892 shares; no sale occurred.
The Form 4 reports a change in indirect beneficial ownership tied to a merger between 180 Degree Capital and Mount Logan. The reporting person no longer holds voting or dispositive control over 888,892 shares of SNCR, which is a governance change rather than a disposition via market sale. For stakeholders this clarifies ownership structure and voting rights post-merger but does not indicate share liquidation pressure, since the filing explicitly states no shares were sold.
TL;DR: Transaction is an ownership-control change from a merger, not a market sale.
The entry uses transaction code J and discloses a decrease of 888,892 indirectly held shares following the closing of a merger on 09/12/2025. Because the filing confirms shares were not sold, there is no immediate change to the issuer's outstanding float from this event, although the merger altered who holds voting/dispositive control. The disclosure is concise and limited to change in control status.