Rendino Kevin 4
Research Summary
AI-generated summary
Synchronoss (SNCR) Director Kevin Rendino Disposes 52,768 Shares
What Happened
- Kevin Rendino, a director of Synchronoss Technologies, reported a disposition to the issuer (Form 4 code D) of 52,768 shares on February 13, 2026. The filing shows no per-share price or total cash value (reported as N/A).
- This was a disposition to the company/issuer rather than an open-market sale, and the filing’s footnotes tie the transactions to assignment of certain share interests and to treatment of vested options under a Merger Agreement.
Key Details
- Transaction date: 2026-02-13; Transaction type: Disposition to issuer (code D).
- Shares disposed: 52,768; price and total value: not reported (N/A) in the filing.
- Shares owned after the transaction: Not specified in this filing.
- Relevant footnotes:
- F1: Rendino previously assigned all economic and beneficial interest in 24,000 of his shares to Mount Logan Capital Inc.
- F2: Under the Merger Agreement, vested stock options were cancelled and converted into cash payments where applicable; options with exercise price ≥ $9.00 were cancelled for no consideration.
- Filing timeliness: Reported with a period and filing date of 2026-02-13 (no late filing indication in the record).
Context
- A disposition to the issuer often occurs in corporate transactions (for example, share surrender or cancellation in connection with a merger) rather than a typical market sale; because no price/value is reported here, the economic impact on Rendino cannot be determined from this filing alone.
- Footnote F2 indicates related option cancellations and cash conversion rules under a Merger Agreement; that helps explain why some equity instruments may have been cancelled or settled rather than sold.