WideOpenWest (WOW) director stock converted to $5.20 cash in Bandit merger
Rhea-AI Filing Summary
WideOpenWest, Inc. director reported the cash-out of common stock in connection with the company’s merger with an affiliate of Bandit Parent, LP. On 12/31/2025, the reporting person disposed of 196,828 shares of WideOpenWest common stock at $5.20 per share, leaving 0 shares beneficially owned after the transaction, and the holdings are now reported as directly owned in amount of zero.
The transaction occurred at the effective time of the merger under the Agreement and Plan of Merger dated August 11, 2025, when Bandit Merger Sub, Inc. merged with and into WideOpenWest, with WideOpenWest continuing as an indirect wholly owned subsidiary of Bandit Parent, LP. At that time, each issued and outstanding share of WideOpenWest common stock (subject to specified exceptions) was automatically converted into the right to receive $5.20 in cash per share, subject to withholding taxes. In addition, each outstanding restricted stock award held by the reporting person fully vested and was cancelled in exchange for the same cash consideration per underlying share.
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FAQ
What insider transaction was reported for WideOpenWest, Inc. (WOW)?
The filing reports that a director of WideOpenWest, Inc. disposed of 196,828 shares of common stock on 12/31/2025 at a price of $5.20 per share, leaving 0 shares beneficially owned following the transaction.
Why were WideOpenWest (WOW) shares disposed of in this Form 4?
The disposition occurred in connection with the closing of the merger described in the Agreement and Plan of Merger dated August 11, 2025, under which Bandit Merger Sub, Inc. merged with and into WideOpenWest and each issued and outstanding share of common stock was converted into the right to receive $5.20 in cash per share, subject to specified exceptions.
What consideration did WideOpenWest (WOW) shareholders receive in the merger?
At the effective time of the merger, each issued and outstanding share of WideOpenWest common stock (with certain exceptions) was automatically converted into the right to receive $5.20 per share in cash, without interest and subject to any required tax withholding.
How were restricted stock awards for the WideOpenWest (WOW) director treated?
At the merger’s effective time, each outstanding restricted stock award (RSA) held by the reporting person fully vested and was cancelled, and the holder became entitled to receive the same $5.20 cash consideration for each share of common stock underlying the RSA.
What is the relationship of the reporting person to WideOpenWest (WOW)?
The reporting person is identified as a Director of WideOpenWest, Inc. and filed the Form 4 as a single reporting person.
What structural change occurred to WideOpenWest, Inc. (WOW) in this transaction?
Bandit Merger Sub, Inc. merged with and into WideOpenWest, Inc. on December 31, 2025, and WideOpenWest continued after the merger as a wholly owned indirect subsidiary of Bandit Parent, LP.