Form 4: Ferraro Lou reports disposition transactions in SNCR
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ferraro Lou reported disposition transactions in a Form 4 filing for SNCR. The filing lists transactions totaling 151,558 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Ferraro Lou
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 921 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 2,302 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 2,778 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 3,304 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 2,223 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 2,421 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 2,778 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 1,852 | $0.00 | -- |
| Disposition | Common Stock | 132,979 | $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 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 did Synchronoss Technologies (SNCR) CFO report in this Form 4?
The CFO, Lou Ferraro, reported disposing of 132,979 shares of common stock and cancelling multiple stock option awards. After these merger-related transactions, he reported zero shares and zero options beneficially owned.
How were Synchronoss (SNCR) stock options treated for the CFO in this report?
All outstanding options were vested and fully exercisable at the merger’s Effective Time, then cancelled. Each vested option converted into a cash amount equal to the excess of the $9.00 merger price over its exercise price, multiplied by shares, less required 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 merger payment. Under the merger terms, their Option Payment was $0, and those options were cancelled without any consideration to the holder.
Did the Synchronoss (SNCR) CFO retain any equity after these Form 4 transactions?
No. The Form 4 shows zero common shares and zero derivative securities beneficially owned after the reported transactions. All of his reported common stock and stock options were eliminated through merger-related cancellations and cash settlement rights.