VEP Group, LLC 4
Research Summary
AI-generated summary
Jamf (JAMF) — VEP Group LLC Sells 45.36M Shares in $592M Merger Cash-Out
What Happened
VEP Group, LLC (reported as a 10% owner via Vista Equity-related funds, with Robert F. Smith the sole managing member) disposed of 45,358,762 shares of Jamf Holding Corp. at $13.05 per share on January 30, 2026, receiving $591,931,844 in cash. The disposition resulted from a merger (Jawbreaker Merger Sub merged into Jamf) in which each outstanding Jamf share was automatically cancelled and converted into $13.05 cash per share.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (timely filing).
- Price and value: $13.05 per share; total proceeds $591,931,844.
- Shares disposed: 45,358,762; shares owned after transaction: 0 (shares were cancelled/converted at the Effective Time).
- Transaction code: J (other acquisition or disposition) — used because this was a merger conversion, not an open-market sale.
- Holdings prior to conversion consisted of shares across several Vista funds (see footnote: VEPF VI, VEPF VI-A, VEPF FAF, Vista Co‑Invest, VEPF Co‑Invest).
- Report filed as one of two related Form 4s to cover multiple Vista entities and related parties.
Context
This was an institutional liquidation tied to a corporate merger — Jamf shares were converted to cash at the merger’s effective time under the merger agreement (dated Oct 28, 2025). That makes this a corporate transaction, not a discretionary insider sale signal; it simply reflects the deal consideration being paid to shareholders.