4//SEC Filing
MCCRAY RONALD D 4
Accession 0000950170-24-112553
CIK 0001835681other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 5:34 PM ET
Size
5.7 KB
Accession
0000950170-24-112553
Insider Transaction Report
Form 4
MCCRAY RONALD D
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2024-10-01$22.80/sh−31,723$723,284→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated June 6, 2024, by and among the Issuer, BCPE Polymath Merger Sub, Inc. ("Merger Sub") and BCPE Polymath Buyer, Inc. ("Parent"), Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, and at the time of the Merger (the "Effective Time") each issued and outstanding share of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Common Stock") owned by the reporting person was cancelled and converted into the right to receive $22.80 per share in cash without interest (the "Per Share Price").
- [F2]Includes unvested restricted stock units ("RSUs") of the Issuer which, pursuant to the RSU award agreement, automatically vested in full at the Effective Time. Pursuant to the Merger Agreement, each such vested RSU was automatically cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (a) the Per Share Price and (b) the number of shares of Class A Common Stock subject to such vested RSUs as of immediately prior to the Effective Time.
Documents
Issuer
POWERSCHOOL HOLDINGS, INC.
CIK 0001835681
Entity typeother
Related Parties
1- filerCIK 0001239575
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 5:34 PM ET
- Size
- 5.7 KB