Brand House (TBHC) CFO RSUs convert in Bed Bath merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRAND HOUSE COLLECTIVE, INC. CFO Andrea K. Courtois reported two transactions in the company’s common stock tied to a merger with Bed Bath & Beyond, Inc. On April 2, 2026, 100,000 restricted stock units vested, and 29,650 shares were withheld to cover her tax obligations at a value of $0.9399 per share.
The remaining 70,350 shares were then delivered back to the issuer, reducing her direct BRAND HOUSE COLLECTIVE common stock holdings to zero. Under the merger, each company common share and vested restricted stock unit 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
2 transactions reported
Mixed
2 txns
Insider
Courtois Andrea K.
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 29,650 | $0.9399 | $28K |
| Disposition | Common Stock | 70,350 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 70,350 shares (Direct)
Footnotes (1)
- Represents shares withheld to satisfy the reporting person's tax withholding obligation with respect to the 100,000 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: 29,650 shares
Tax-withholding price: $0.9399 per share
Shares delivered to issuer: 70,350 shares
+2 more
5 metrics
Tax-withheld shares
29,650 shares
Shares withheld to satisfy tax obligations on vested RSUs
Tax-withholding price
$0.9399 per share
Value used for 29,650 shares withheld for taxes
Shares delivered to issuer
70,350 shares
Disposition of remaining common shares to the issuer
Vested restricted stock units
100,000 RSUs
Restricted stock units that vested on April 2, 2026
Exchange ratio
0.1993 shares
Bed Bath & Beyond shares per TBHC common share in merger
Key Terms
restricted stock units, Agreement and Plan of Merger, Exchange Ratio, Fractional Share Cash Consideration, +1 more
5 terms
restricted stock units financial
"Represents shares withheld to satisfy the reporting person's tax withholding obligation with respect to the 100,000 restricted stock units that vested"
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.
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.
Exchange Ratio financial
"equal to (i) the number of shares ... 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.
disposition to issuer financial
"transaction_action": "issuer disposition","transaction_code_description": "Disposition to issuer""
FAQ
What insider transactions did TBHC CFO Andrea Courtois report?
Andrea K. Courtois reported two dispositions of BRAND HOUSE COLLECTIVE common stock. First, 29,650 shares were withheld to satisfy tax obligations on 100,000 vested restricted stock units. Second, 70,350 shares were delivered to the issuer, bringing her direct TBHC shareholding to zero.
How many TBHC RSUs vested for the CFO and what happened to them?
On April 2, 2026, 100,000 restricted stock units of BRAND HOUSE COLLECTIVE vested for the CFO. Shares were partly withheld to cover taxes, and the remaining shares were returned to the issuer and converted into rights to receive Bed Bath & Beyond common stock under the merger terms.
What happened to TBHC restricted stock units in the merger?
Each outstanding BRAND HOUSE COLLECTIVE restricted stock unit vested at the effective time and converted into the right to receive Bed Bath & Beyond common stock. The number of Bed Bath & Beyond shares was based on the underlying TBHC shares multiplied by the 0.1993 exchange ratio, plus fractional share cash consideration.