[Form 4] VERINT SYSTEMS INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verint Systems Inc. (VRNT) director activity is reported in connection with the company’s merger with Calabrio, Inc. Under the August 24, 2025 Merger Agreement, Viking Merger Sub, Inc. merged into Verint, making Verint a wholly owned subsidiary of Calabrio.
At the merger’s effective time, each share of Verint common stock was automatically canceled and converted into the right to receive $20.50 in cash per share, without interest. The reporting director disposed of 15,739 shares of common stock and exercised 8,980 restricted stock units, which each represented the right to receive one share of Verint common stock and/or cash and became fully vested and entitled to the same cash merger consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,980 shares exercised/converted
Mixed
4 txns
Insider
Robinson Kristen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,980 | $0.00 | -- |
| Disposition | Common Stock | 15,739 | $0.00 | -- |
| Exercise | Common Stock | 8,980 | $0.00 | -- |
| Disposition | Common Stock | 8,980 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger ("Merger Agreement") dated as of August 24, 2025, by and among Verint Systems Inc. ("Verint"), Calabrio, Inc. ("Parent"), and Viking Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into Verint, with Verint surviving the merger as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Verint's common stock, par value $0.001 per share, that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $20.50 in cash without interest (the "Merger Consideration"). Reflects vested restricted stock units ("RSUs") further described in footnote three below. Each RSU represents a right to receive one share of common stock of Verint and/or cash upon vesting. Pursuant to the Merger Agreement, each RSU became fully vested and entitled to the Merger Consideration as of the Effective Time.