Gabrys Christina 4

What Happened

• Christina Gabrys, EVP and Chief Legal Officer of Synchronoss Technologies (SNCR), had a total of 77,360 shares disposed to the issuer on 2026-02-13 in connection with the company’s merger. Under the Merger Agreement, all outstanding common shares were cancelled and converted into the right to receive $9.00 per share in cash. The gross value of these shares is approximately $696,240 before any deductions or withholdings.
• Several disposition entries were recorded as derivative-related — vested stock options were also cancelled and converted into cash payments based on the merger consideration minus the option exercise price (options with exercise price ≥ $9.00 converted for $0).

Key Details

• Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-13).
• Total shares disposed: 77,360; price per share (merger consideration): $9.00; gross proceeds ≈ $696,240 (subject to required withholdings).
• Shares owned after transaction: 0 common shares (all outstanding common stock was cancelled at the Effective Time).
• Notable footnotes:
  • F1: Dispositions pursuant to the Agreement and Plan of Merger; common stock converted to $9.00 cash per share.
  • F3/F4: All outstanding options vested as of the Effective Time; vested options were cancelled and converted into cash payments equal to (Merger Consideration − exercise price) × vested shares, less withholding; options with exercise price ≥ $9 received no payment.
  • F2: Share counts reflect prior one‑for‑nine reverse split adjustments.
• Filing timeliness: Reported on 2026-02-13 (no late filing indicated on the Form 4).

Context

• These were not open-market sales but merger cash‑outs and option cancellations driven by the Merger Agreement. For derivative entries, the company converted vested options into cash payments per the agreement (some options may have had no value if their exercise price met or exceeded $9.00).