TROE LISA L 4
4 · HireRight Holdings Corp · Filed Jun 28, 2024
Insider Transaction Report
Form 4
TROE LISA L
Director
Transactions
- Disposition to Issuer
Common Stock
2024-06-28$14.35/sh−27,790$398,787→ 0 total - Disposition to Issuer
Stock Option
2024-06-28−53,858→ 0 totalExercise: $18.05→ Common Stock (53,858 underlying)
Footnotes (2)
- [F1]Represents securities disposed of under the Agreement and Plan of Merger (the "Merger Agreement"), dated February 15, 2024, among HireRight Holdings Corporation (the "Company"), Hearts Parent, LLC and Hearts Merger Sub, Inc. ("Merger Sub"), under which Merger Sub was merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation (the "Surviving Corporation") in the Merger. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of common stock of the Company ("Share") was cancelled and converted into the right to receive $14.35 in cash without interest thereon.
- [F2]Under the Merger Agreement, at the Effective Time, each option to purchase Shares (a "Company Option") that was reported in this Form 4 was converted into an option to purchase the same number of shares of common stock of the Surviving Corporation (or an affiliate thereof) at the same exercise price per Share and subject to the same terms and conditions as the applicable Company Option (including vesting conditions).