Rinne Kristin S. 4

What Happened Kristin S. Rinne, a director of Synchronoss Technologies (SNCR), had a total of 65,970 shares and derivative positions (options) disposed of to the issuer on Feb 13, 2026 pursuant to the merger agreement. Under the Merger Agreement, all outstanding common shares were canceled and converted into the right to receive $9.00 per share in cash — resulting in approximately $593,730 in gross consideration. Several smaller disposals reported were derivative-related (options converted/cancelled).

Key Details

• Transaction date: 2026-02-13 (Disposition to issuer — code D).
• Shares/derivatives disposed: 59,956 common shares + 2,648 + 1,310 + 2,056 reported dispositions = 65,970 total.
• Cash consideration: $9.00 per share under the Merger Agreement; total ≈ $593,730 before deductions/withholdings.
• Shares owned after transaction: effectively zero common shares — all outstanding common stock was cancelled at the merger Effective Time.
• Notable footnotes:
  • F1: Dispositions were made pursuant to the Agreement and Plan of Merger; all shares converted to $9.00 cash per share.
  • F2: Reporting reflects a prior 1-for-9 reverse split (Dec 11, 2023); fractional shares were rounded up.
  • F3/F4: All outstanding options vested and were fully exercisable at the Effective Time; vested options were cancelled and converted into cash payments equal to (Merger Consideration − exercise price) × vested shares, net of required withholdings. Options with exercise price ≥ $9.00 were cancelled for no consideration.
• Filing timeliness: Form filed for the report period and filing date 2026-02-13; transaction reported as part of the merger (no late-filing indication in this record).

Context This was not an open-market sale but a cash-out disposition forced by a corporate merger: outstanding common stock and vested options were cancelled and converted into cash under the Merger Agreement. For options, in-the-money options received a cash payout per F4 (net of withholdings); out-of-the-money options (exercise price ≥ $9.00) were cancelled with no payout. Such merger-driven dispositions reflect corporate transaction terms rather than individual trading sentiment.