4//SEC Filing
ERNST MARK A 4
Accession 0001068875-23-000134
CIK 0001068875other
Filed
Nov 28, 7:00 PM ET
Accepted
Nov 29, 3:32 PM ET
Size
327.3 KB
Accession
0001068875-23-000134
Insider Transaction Report
Form 4
AVANTAX, INC.AVTA
ERNST MARK A
Director
Transactions
- Disposition to Issuer
Common Stock
2023-11-27$26.00/sh−102,566$2,666,716→ 0 total - Disposition to Issuer
Common Stock
2023-11-27$26.00/sh−14,000$364,000→ 0 total(indirect: By LLC)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of September 9, 2023 (as may be amended from time to time, the "Merger Agreement") by and among the Issuer, Aretec Group, Inc., a Delaware corporation ("Parent"), and C2023 Sub Corp., a Delaware corporation and a wholly-owned subsidiary of Parent ("Acquisition Sub"), effective November 27, 2023, among other things, Acquisition Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly-owned subsidiary of Parent.
- [F2]Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), these shares of the Issuer's common stock ("Common Stock") and restricted stock units of the Issuer that vest solely on the basis of time ("RSUs") were automatically canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the reported number of shares multiplied by (ii) $26.00 (less any required tax withholdings).
- [F3]Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), these shares of the Issuer's common stock ("Common Stock") were automatically canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the reported number of shares multiplied by (ii) $26.00 (less any required tax withholdings).
- [F4]The reporting person is the managing partner of the limited liability company that owns the reported securities.
Issuer
AVANTAX, INC.
CIK 0001068875
Entity typeother
Related Parties
1- filerCIK 0001181852
Filing Metadata
- Form type
- 4
- Filed
- Nov 28, 7:00 PM ET
- Accepted
- Nov 29, 3:32 PM ET
- Size
- 327.3 KB