Carr-Smith Jennifer 4
4 · Blue Apron Holdings, Inc. · Filed Nov 13, 2023
Insider Transaction Report
Form 4
Carr-Smith Jennifer
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2023-11-13−3,155→ 0 total - Disposition to Issuer
Restricted Stock Unit
2023-11-13−9,472→ 0 total→ Class A Common Stock (9,472 underlying)
Footnotes (3)
- [F1]In connection with that certain Agreement and Plan of Merger by and among Blue Apron Holdings, Inc. (the "Company"), Wonder Group, Inc., and Basil Merger Corporation, dated as of September 28, 2023 (the "Merger Agreement") and the related tender offer, the Reporting Person became entitled to receive, in respect of each share of the Company's Class A Common Stock, an amount in cash equal to $13.00.
- [F2]Each restricted stock unit ("RSU") represented the right to receive one share of the Company's Class A Common Stock.
- [F3]Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time (as defined in the Merger Agreement), each RSU that was outstanding vested in full (to the extent unvested) and was cancelled and converted into the right to receive from the Surviving Corporation (as defined in the Merger Agreement) an amount of cash from the Surviving Corporation equal to the product of (1) the total number of shares of Class A Common Stock underlying each RSU multiplied by (2) $13.00 (without interest and subject to any applicable withholding tax).