WW International Controller Gets 470 Shares in 93:1 Bankruptcy Reorganization
WW International's Corporate Controller Nicole Haag reported significant insider transactions following the company's emergence from Chapter 11 bankruptcy on June 24, 2025.
Rhea-AI Filing Summary
WW International's Corporate Controller Nicole Haag reported significant insider transactions following the company's emergence from Chapter 11 bankruptcy on June 24, 2025. The transactions reflect the implementation of the company's reorganization plan, which was confirmed by the Delaware Bankruptcy Court on June 17, 2025.
Key transaction details:
- Multiple Restricted Stock Units (RSUs) totaling 49,864 shares were fully vested and converted to common stock
- 17,978 shares were withheld for tax obligations at $0.307 per share
- All outstanding old common stock was cancelled and converted to new common stock at a ratio of 1:93
- Following the reorganization, Haag received 470 shares of new common stock
These transactions were executed as part of WW International's bankruptcy reorganization plan and represent an involuntary conversion of equity holdings rather than traditional open-market transactions.
Positive
- None.
Negative
- WW International emerged from Chapter 11 bankruptcy on June 24, 2025, with significant equity dilution as shareholders received 1 new share for every 93 old shares
- All previous common stock was cancelled and extinguished as part of the bankruptcy reorganization plan
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,049 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 3,286 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 10,529 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 35,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,049 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,286 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,529 | $0.00 | $0.00 |
| Exercise | Common Stock | 35,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,978 | $0.307 | $6K |
| Disposition | Common Stock | 43,880 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 470 | $0.00 | $0.00 |
Footnotes (5)
- F1. On May 6, 2025, the Issuer and its subsidiaries (collectively, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Chapter 11 Cases," and such court, the "Bankruptcy Court"). On June 17, 2025, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Debtors' First Amended Joint Prepackaged Plan of Reorganization, as modified by the Confirmation Order (the "Plan"). On June 24, 2025 (the "Effective Date"), the Plan became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases.
- F2. Pursuant to the Plan, each unvested Restricted Stock Unit ("RSU") was deemed fully vested and settled immediately prior to the effectiveness of the Plan.
- F3. Each RSU represents a contingent right to receive one share of Old Common Stock (as defined below).
- F4. Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of the awards described herein.
- F5. Pursuant to the Plan, on the Effective Date, all outstanding shares of the Issuer's common stock (the "Old Common Stock") were cancelled and extinguished. Pursuant to the Plan, new shares of the Issuer's common stock, no par value (the "New Common Stock") were issued to the Reporting Person on a ratio of 1 share of New Common Stock for approximately every 93 shares of Old Common Stock held by the Reporting Person on the Effective Date. The receipt of shares of New Common Stock was involuntary, without consideration and in accordance with the Plan approved by the Bankruptcy Court.
FAQ
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