DWYER CLEMENT S JR 4
4 · ProSight Global, Inc. · Filed Aug 6, 2021
Insider Transaction Report
Form 4
DWYER CLEMENT S JR
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2021-08-04−63,450→ 0 total(indirect: By Trust)→ Common Stock (63,450 underlying) - Disposition to Issuer
Common Stock
2021-08-04$12.85/sh−38,280$491,898→ 0 total(indirect: By IRA)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 14, 2021 , by and among ProSight Global, Inc. (the "Issuer"), Pedal Parent, Inc. and Pedal Merger Sub, Inc. providing for the merger of the Issuer and Pedal Merger Sub, Inc. (the "Merger") and, at the effective time of the Merger, each share of the Issuer's common stock was converted into the right to receive $12.85 in cash, without interest and less any required withholding taxes (the "Per Share Merger Consideration"). The Merger was completed on August 4, 2021.
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding vested and unvested time-vesting restricted stock unit award was cancelled and converted into the right to receive an amount in cash, less any required withholding taxes, equal to the product of (A) the number of shares subject to such award multiplied by (B) the Per Share Consideration.