Platinum SpinCo, Inc.: CEO Jeremy Michael Patten sold 1,023 shares

What happened

• Jeremy Michael Patten, CEO, disposed of 1,023 shares of Platinum SpinCo, Inc. common stock on Oct 1, 2026. The shares were converted in a merger into 456.45237 shares of Gentherm common stock; Gentherm closed at $33.63 on Oct 1, 2026, valuing the received Gentherm shares at $15,350.50.

Key details

• Transaction date: Oct 1, 2026. Conversion price: 0.44619 Gentherm shares per Platinum SpinCo share; Gentherm close price $33.63 on Oct 1, 2026.
• Shares owned after the transaction: not reported in this filing.
• Footnotes: F1 — 1,023 Platinum SpinCo shares were acquired by pro rata distribution from Modine Manufacturing Company for no consideration on Oct 1, 2026 (exempt under Rules 16a-9 and 16b-3). F2 — Immediately following the distribution, each Platinum SpinCo share was exchanged in the merger for 0.44619 shares of Gentherm common stock.
• Filing date: Oct 5, 2026. The filing does not state that it was late.

Why it may matter

• The filing shows the shares were received in a pro rata distribution and then exchanged by merger into Gentherm common stock rather than sold in an open-market trade.
• A filing does not show why the insider traded or why the company acted.