Platinum SpinCo, Inc.: director Michael B Lucareli sold 89,567 shares

What happened Michael B Lucareli, director, disposed of 89,567 shares of Platinum SpinCo, Inc. common stock on Oct 1, 2026. The shares were received in a pro rata distribution from Modine Manufacturing Company for no consideration and, following the distribution, were disposed of by merger for 0.44619 shares of Gentherm common stock per Platinum SpinCo share; Gentherm closed at $33.63 on Oct 1, 2026, implying about $15.01 per share and about $1,343,986 in total value.

Key details

• Transaction date: Oct 1, 2026; transaction code: J (other acquisition or disposition).
• Exchange terms: 0.44619 Gentherm shares per Platinum SpinCo share; Gentherm closing price $33.63 on Oct 1, 2026.
• Shares involved: 89,567 shares disposed.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 states the 89,567 shares were acquired in a pro rata distribution by Modine for no consideration; F2 states the shares were disposed by merger pursuant to the merger agreement.
• Filing timeliness: not indicated in the information provided.

Why it may matter

• This was a non-market disposition in connection with a distribution and subsequent merger, not a standard open-market sale.
• The filing shows the exchange ratio and the market price used to calculate an implied value but does not state motive. The filing does not show why the insider traded or why the company acted.