Doran Patrick Joseph 4

What Happened
Patrick Doran, EVP & Chief Technology Officer of Synchronoss Technologies (SNCR), had all of his issued common shares and vested option interests cancelled and converted into cash under the merger with Lumine Group US Holdco (Effective Time: Feb 13, 2026). The filing shows disposition of 164,211 common shares and dispositions of derivative holdings totaling 34,090 (3,310; 5,116; 7,508; 18,156), for a combined 198,301 shares/options. The merger consideration was $9.00 per share, implying aggregate gross proceeds of approximately $1,784,709 (subject to any applicable deductions/withholdings for option payments).

Key Details

• Transaction date: 2026-02-13 (Effective Time of the merger).
• Consideration: $9.00 per share in cash under the Merger Agreement.
• Shares reported disposed: 164,211 (non-derivative) and 34,090 (derivative) — total 198,301.
• Shares/options after transaction: common shares cancelled and outstanding options were vested and then cancelled — effectively no SNCR common stock/options remain post-merger.
• Footnotes: F1–F4 explain the Merger Agreement conversion, the prior 1-for-9 reverse split (Dec 11, 2023), that all options vested at the Effective Time, and that option payouts equal (Merger Consideration − exercise price) × vested shares (options with exercise price ≥ $9.00 yielded $0). Option payments are subject to deductions/withholdings.
• Filing timeliness: Form 4 filed with period/report date 2026-02-13 (timely with the merger effective date).

Context
These dispositions were merger-driven cancellations/conversions (not open-market sales). Derivative entries reflect vested options being cashed out under the merger formula rather than exercised for stock; options with exercise prices at or above $9.00 received no cash value per the agreement. For retail investors, such filings document deal-related payouts and do not by themselves indicate insider trading intent or future company performance.