Brand House Collective (TBHC) officer’s RSUs vest, shares withheld for tax then canceled in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brand House Collective, Inc. Chief Transformation Officer Melody Rose Jubert reported several equity-related transactions tied to restricted stock unit (RSU) vesting and a merger. On April 1 and 2, 2026, RSUs vesting led to tax-withholding dispositions of 7,907 and 30,460 shares of common stock at $0.9399 per share, with the remaining shares from those RSUs retained. On April 2, 2026, following a merger in which the company became a wholly owned subsidiary of Bed Bath & Beyond, Inc., Jubert’s remaining 101,470 common shares were disposed of to the issuer as each company share was converted into the right to receive 0.1993 shares of Bed Bath & Beyond common stock plus cash in lieu of fractional shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Jubert Melody Rose
Role
Chief Transformation Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 30,460 | $0.9399 | $29K |
| Disposition | Common Stock | 101,470 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,907 | $0.9399 | $7K |
Holdings After Transaction:
Common Stock — 101,470 shares (Direct)
Footnotes (1)
- Represents shares withheld to satisfy the reporting person's tax withholding obligation with respect to the 26,666 restricted stock units that vested on April 1, 2026. The reporting person retained the remaining shares. Represents shares withheld to satisfy the reporting person's tax withholding obligation with respect to the 107,995 restricted stock units that vested on April 2, 2026. The reporting person retained the remaining shares. 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
Tax-withheld shares (Apr 2, 2026): 30,460 shares at $0.9399
Tax-withheld shares (Apr 1, 2026): 7,907 shares at $0.9399
Shares disposed to issuer: 101,470 shares
+4 more
7 metrics
Tax-withheld shares (Apr 2, 2026)
30,460 shares at $0.9399
Common stock withheld to cover tax on 107,995 RSUs vesting
Tax-withheld shares (Apr 1, 2026)
7,907 shares at $0.9399
Common stock withheld to cover tax on 26,666 RSUs vesting
Shares disposed to issuer
101,470 shares
Disposition to issuer at merger effective time, post-withholding
RSUs vested Apr 1, 2026
26,666 RSUs
Vesting triggered tax-withholding disposition of common stock
RSUs vested Apr 2, 2026
107,995 RSUs
Vesting triggered tax-withholding disposition of common stock
Merger exchange ratio
0.1993 shares
Bed Bath & Beyond common stock per TBHC common share
Tax-withholding total shares
38,367 shares
Combined F-code dispositions reported in transaction summary
Key Terms
restricted stock units, tax withholding obligation, Agreement and Plan of Merger, Exchange Ratio, +1 more
5 terms
restricted stock units financial
"26,666 restricted stock units that vested on April 1, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"shares withheld to satisfy the reporting person's tax withholding obligation"
Agreement and Plan of Merger financial
"pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement")"
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.
Exchange Ratio financial
"equal to ... 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 TBHC officer Melody Rose Jubert report in this Form 4?
Melody Rose Jubert reported tax-withholding dispositions of TBHC common stock tied to RSU vesting and a final disposition of her remaining shares in connection with a merger that converted each TBHC share into the right to receive Bed Bath & Beyond common stock.
What RSU vesting events triggered tax withholding for TBHC’s Chief Transformation Officer?
Tax withholding arose from 26,666 restricted stock units that vested on April 1, 2026 and 107,995 restricted stock units that vested on April 2, 2026. In each case, a portion of the resulting common shares was withheld to satisfy tax obligations, with remaining shares retained.
How did the RSUs held by TBHC employees convert at the merger effective time?
Each company restricted stock unit outstanding immediately before the effective time vested and converted into the right to receive shares of Bed Bath & Beyond common stock. The number was based on TBHC shares underlying each RSU multiplied by the 0.1993 exchange ratio, plus any fractional share cash consideration.