Bucaria Michelle 4
Research Summary
AI-generated summary
Jamf (JAMF) CPO Michelle Bucaria Sells 257,473 Shares
What Happened
Michelle Bucaria, Jamf’s Chief Product Officer, reported a disposition of 257,473 shares on 2026-01-30 as part of the company's merger. Each share was converted into $13.05 in cash, resulting in proceeds of $3,360,023. The transaction is coded as a disposition to the issuer (merger cash-out), not an open-market sale.
Key Details
- Transaction date: 2026-01-30; Form 4 filed 2026-02-03 (appears outside the standard 2-business-day Form 4 reporting window).
- Price per share: $13.05; Total value: $3,360,023.
- Shares reported disposed: 257,473 (this total includes 230,225 unvested restricted stock units (Company RSUs)).
- The RSUs were cancelled and converted into Converted Cash Awards (cash right equal to Per Share Price × RSU shares). Converted Cash Awards will vest and be payable when the original RSUs would have vested, subject to Bucaria’s continued service and applicable tax withholding.
- Filing does not specify remaining common-stock ownership after the conversion; the reported shares were cancelled and converted into cash at the merger effective time.
Context
This was a merger-related disposition: outstanding Jamf common shares (including some unvested RSUs) were automatically converted into a cash payment of $13.05 per share at the merger’s effective time. Such corporate-merger conversions are routine corporate actions and differ from voluntary insider open-market sales.