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[Form 4] SpartanNash Co Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SpartanNash Co (SPTN) was acquired by C&S Wholesale Grocers, LLC under a merger agreement. At the merger's effective time, all outstanding SpartanNash common stock was canceled and converted into a right to receive $26.90 per share. The reporting person, Mininberg Julien, who served as a director, disposed of 18,345 shares and 7,847 shares tied to restricted stock units that automatically vested and were converted into cash at the same per-share price, leaving zero shares beneficially owned after the transactions.

Positive

  • All outstanding common stock converted to cash at $26.90 per share, providing immediate liquidity to shareholders
  • Restricted stock units automatically vested and were cash-settled at $26.90, ensuring holders received the merger consideration
  • M&A transaction completed, resolving ownership and equity compensation treatment per the merger agreement

Negative

  • Public trading interest eliminated because all outstanding SpartanNash shares were canceled at the Effective Time
  • Reporting person holds zero shares after the transaction, removing insider ownership and potential alignment with public investors

Insights

TL;DR: A completed cash-out merger paid $26.90 per share, converting equity and RSUs to cash and eliminating public minority holdings.

The Form 4 shows a complete corporate change of control where C&S Wholesale Grocers acquired SpartanNash and cash-settled all equity at $26.90 per share. The reporting person’s common stock and restricted stock units were cancelled and converted into cash, resulting in zero retained ownership. For investors, this is a material liquidity event that removes publicly traded shares and settles equity compensation in cash.

TL;DR: Merger closed with contractual cash consideration; RSUs accelerated and cashed out per agreement terms.

The disclosure confirms the mechanics typical of a merger agreement: stock cancellation at closing and automatic vesting/cash settlement of RSUs at the same per-share price. This indicates the merger agreement included clear cash-out provisions for both outstanding shares and equity awards, ensuring administrative closure of equity positions for insiders.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mininberg Julien

(Last) (First) (Middle)
850 76TTH STREET SW

(Street)
GRAND RAPIDS MI 49518

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SpartanNash Co [ SPTN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/22/2025 D 18,345 D $26.9(1) 7,847 D
Common Stock 09/22/2025 D 7,847 D $26.9(2) 0.00 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On September 22, 2025, C&S Wholesale Grocers, LLC acquired the Issuer pursuant to an Agreement and Plan of Merger dated June 22, 2025 (the "Merger Agreement") by and among SpartanNash Company, New Mackinac HoldCo, Inc., Mackinac Merger Sub, Inc., and C&S Wholesale Grocers, LLC. At the Effective Time (as defined in the Merger Agreement), all outstanding SpartanNash Company stock was canceled immediately prior to the Effective Time and converted into the right to receive a cash payment of $26.90 a share.
2. Pursuant to the Merger Agreement, each SpartanNash restricted stock unit ("SpartanNash RSU") outstanding immediately prior to the Effective Time automatically vested and was cancelled and converted into the right to receive a cash payment of $26.90 in respect of each share of SpartanNash Company stock subject to such SpartanNash RSU.
Remarks:
/s/ Ileana McAlary, as Attorney-in-Fact for Mininberg Julien 09/22/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What price per share did SpartanNash (SPTN) shareholders receive in the merger?

Shareholders received $26.90 per share in cash pursuant to the merger agreement.

What happened to SpartanNash restricted stock units (RSUs)?

Each outstanding SpartanNash RSU automatically vested and was cancelled and converted into a cash payment of $26.90 per underlying share.

How many SpartanNash shares did the reporting person dispose of and own after the transaction?

The reporting person disposed of 18,345 common shares and 7,847 shares tied to RSUs, and reported 0 shares beneficially owned following the transactions.

Who acquired SpartanNash?

The acquirer was C&S Wholesale Grocers, LLC, pursuant to an Agreement and Plan of Merger referenced in the Form 4.

Does the Form 4 indicate any remaining derivative securities held by the reporting person?

No. Table II for derivative securities contains no reported holdings following the transaction, and the reporting person shows zero beneficial ownership.
Spartannash Co

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SPTN Stock Data

910.90M
33.37M
1.54%
99.54%
11.72%
Food Distribution
Wholesale-groceries, General Line
Link
United States
GRAND RAPIDS