Director Neely J. Tamminga exits TBHC stake in Bed Bath & Beyond merger
Rhea-AI Filing Summary
BRAND HOUSE COLLECTIVE, INC. director Neely J. Tamminga disposed of 23,463 shares of Common Stock back to the company, leaving no direct holdings after the transaction. The disposition was recorded at a price of $0.00 per share and classified as a disposition to the issuer.
This occurred in connection with a merger in which Brand House Collective became a wholly owned subsidiary of Bed Bath & Beyond, Inc. Under the merger terms, each company share was converted into the right to receive Parent common stock at a fixed exchange ratio of 0.1993, with cash paid instead of fractional Parent shares.
Positive
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Insights
Director surrenders shares to issuer as part of all-stock merger.
The filing shows director Neely J. Tamminga returned 23,463 Brand House Collective common shares to the issuer, ending with zero direct holdings. The transaction is coded as a disposition to the issuer at a stated price of $0.00 per share.
Footnotes explain this happened at the closing of a merger where Brand House Collective became a wholly owned subsidiary of Bed Bath & Beyond, Inc. Each company share converted into the right to receive Parent common stock at a fixed exchange ratio of 0.1993%. Company restricted share units also vested and converted into Parent shares, with cash for fractional shares. Overall, this looks like standard consideration mechanics in a stock-for-stock merger, not an open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 23,463 | $0.00 | -- |
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.