Newman William Andrew 4
4 · Home Point Capital Inc. · Filed Aug 1, 2023
Insider Transaction Report
Form 4
Newman William Andrew
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2023-08-01−1,011,137→ 0 totalExercise: $1.77Exp: 2025-04-01→ Common Stock (1,011,137 underlying) - Disposition to Issuer
Common Stock
2023-08-01−1,022,138→ 0 total(indirect: By Trust)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of May 10, 2023, by and among Home Point Capital Inc., Mr. Cooper Group Inc. and Heisman Merger Sub, Inc. (the "Merger Agreement"), each share of the Issuer's common stock was exchanged for the right to receive a cash payment of $2.33 without interest, and subject to any required tax withholding.
- [F2]Pursuant to the Merger Agreement, each of these stock options was cancelled in exchange for a lump sum cash payment equal to the spread between the per share exercise price and $2.33.