Director exits Brand House (TBHC) stake as Bed Bath & Beyond merger takes effect
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRAND HOUSE COLLECTIVE, INC. director Tamara Ward disposed of 23,463 shares of common stock in a transaction coded as a disposition to the issuer. This occurred at a price of $0.00 per share, leaving her with no Brand House shares directly owned after the transaction.
The disposition was tied to a merger under which Brand House became a wholly owned subsidiary of Bed Bath & Beyond, Inc. At the merger’s effective time, each Brand House common share was converted into the right to receive 0.1993 shares of Bed Bath & Beyond common stock, with cash paid instead of fractional shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ward Tamara
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 23,463 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- On April 2, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated November 24, 2025, by and among Bed Bath & Beyond, Inc., a Delaware corporation ("Parent"), Knight Merger Sub II, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and the Issuer, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each Company restricted share unit ("Company RSU") outstanding immediately prior to the Effective Time vested and was converted into the right to receive, without interest and subject to applicable withholding taxes, a number of validly issued, fully paid and nonassessable shares of Parent's common stock, par value $0.0001 per share ("Parent Common Stock") equal to (i) the number of shares of common stock, no par value per share, of the Company ("Company Common Stock") subject to such Company RSU immediately prior to the Effective Time multiplied by (ii) the Exchange Ratio (as defined below), plus any Fractional Share Cash Consideration (as defined in the Merger Agreement) in accordance with the Merger Agreement. Pursuant to the Merger Agreement, at the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.1993 shares (the "Exchange Ratio") of Parent Common Stock, plus cash in lieu of any fractional shares of Parent Common Stock that otherwise would have been issued.
Key Figures
Shares disposed: 23,463 shares
Price per share: $0.00 per share
Shares held after: 0 shares
+1 more
4 metrics
Shares disposed
23,463 shares
Disposition to issuer on April 2, 2026
Price per share
$0.00 per share
Reported for disposition to issuer
Shares held after
0 shares
Direct Brand House holdings following transaction
Exchange ratio
0.1993 shares
Bed Bath & Beyond stock per Brand House share in merger
Key Terms
Agreement and Plan of Merger, Effective Time, restricted share unit, Exchange Ratio, +1 more
5 terms
Agreement and Plan of Merger regulatory
"pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated November 24, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"At the effective time of the Merger (the "Effective Time"), each Company restricted share unit"
Exchange Ratio financial
"equal to (i) the number of shares of common stock ... multiplied by (ii) the Exchange Ratio (as defined below)"
The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.
FAQ
What did Tamara Ward report in this Form 4 for TBHC?
Tamara Ward reported disposing of 23,463 shares of BRAND HOUSE COLLECTIVE common stock. The transaction was coded as a disposition to the issuer at $0.00 per share, leaving her with no directly owned Brand House shares after the merger-related transaction.
Was the TBHC insider transaction a sale on the open market?
No, the transaction was not an open-market sale. It was coded “D” as a disposition to the issuer in connection with a merger, with a reported per-share price of $0.00, reflecting cancellation and conversion into Bed Bath & Beyond stock rather than a cash sale.
What happened to TBHC in the merger with Bed Bath & Beyond?
BRAND HOUSE COLLECTIVE became a wholly owned subsidiary of Bed Bath & Beyond. At the merger’s effective time, each outstanding Brand House common share was converted into the right to receive Bed Bath & Beyond common stock, plus cash in lieu of fractional shares.