4Filed Jul 20, 8:00 PM ET

Cross Country Healthcare (CCRN) Director Dwayne Allen Sells 31,289 Shares

$CCRN · CROSS COUNTRY HEALTHCARE INC

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Cross Country Healthcare (CCRN) Director Dwayne Allen Sells 31,289 Shares

What Happened
Dwayne Allen, a director of Cross Country Healthcare, disposed of 31,289 shares at $13.25 per share for total proceeds of approximately $414,579. The disposition was a "to the issuer" conversion under the Merger Agreement—each outstanding common share was converted into the right to receive $13.25 in cash at the merger's effective time.

Key Details

  • Transaction date: 2026-07-21; Price: $13.25 per share; Total: ~$414,579.
  • Transaction type/code: Disposition to issuer (D) — shares converted for cash as part of the merger.
  • Shares owned after transaction: The Merger Agreement converted outstanding common shares into cash, so those pre-merger common shares were cancelled/converted (the filing does not list retained common-stock holdings post-merger).
  • Footnotes: Merger Agreement dated May 6, 2026; restricted stock awards vested, were cancelled, and converted into cash at $13.25 per share.
  • Timeliness: Filing shows the report date and transaction date as 2026-07-21 (no late filing indicated).

Context
This was not an open-market sale but a corporate cash-out tied to an acquisition (Merger Sub merged into Cross Country, with the issuer surviving as a wholly owned subsidiary). Such merger conversions reflect deal consideration rather than a director-initiated market trade and do not by themselves indicate the insider’s view on the company’s future stock performance.