BENZ ELIZABETH 4
Research Summary
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Jamf (JAMF) CSO Elizabeth Benz Sells Shares in Merger
What Happened Elizabeth Benz, Chief Strategy Officer of Jamf Holding Corp., had equity converted to cash in connection with Jamf's merger. On Jan 30, 2026 she disposed of 347,249 Company RSUs (converted at $13.05/share for $4,531,599) and two derivative items converted to cash (39,717 at an effective $7.18/share for $285,168; 63,250 at an effective $4.84/share for $306,130). Total cash received reported on the Form 4 was approximately $5,122,897. These were dispositions to the issuer (transaction code D) pursuant to the merger agreement, not open-market sales.
Key Details
- Transaction date: 2026-01-30 (filed with SEC 2026-02-03; filing was timely)
- Items and amounts:
- 347,249 RSUs converted at $13.05 each = $4,531,599
- 39,717 derivative conversion @ $7.18 each = $285,168
- 63,250 derivative conversion @ $4.84 each = $306,130
- Total ≈ $5,122,897
- Shares owned after transaction: common stock holdings were cancelled/converted under the merger (effectively 0 shares of Jamf common stock remain)
- Relevant footnotes:
- F1: All issued and outstanding Jamf common shares were cancelled and converted into $13.05 per-share cash at the merger effective time.
- F2: The 347,249 reported RSUs were fully vested, cancelled and converted into cash equal to $13.05 × shares.
- F3: Options/other derivatives were cancelled and converted into cash equal to the number of shares × (Per Share Price − exercise price), net of any applicable withholding taxes.
- Transaction type: Disposition to issuer under merger (code D), not a voluntary open-market sale
Context This filing reflects routine cash settlement of equity awards and options as part of the merger consideration (Jamf becoming a wholly owned subsidiary of the buyer). Such conversions are common in M&A and do not necessarily indicate trading sentiment the way open-market purchases or discretionary sales might.