Onex US Principals LP 4

What Happened

• Onex Partners Holdings LLC, reported as a 10% owner of Emerald Holding, Inc. (EEX), disposed of 184,049,617 shares of Emerald common stock on July 14, 2026. The disposition was a result of a merger in which Emerald became a wholly‑owned subsidiary of buyer entities controlled by Apollo affiliates. Each share was cancelled and converted into the right to receive $5.03 in cash, for a gross payment of approximately $925.77 million.

Key Details

• Transaction date: 2026-07-14 (disposition to issuer in connection with a merger).
• Per‑share consideration: $5.03 in cash; total ≈ $925,769,573.51.
• Shares disposed: 184,049,617.
• Shares owned after transaction: the reported shares were cancelled/converted into cash as part of the merger (see filing for any remaining holdings).
• Notable footnotes: the disposition occurred pursuant to the Agreement and Plan of Merger dated May 9, 2026; certain treasury, parent-owned, and appraisal-exercised shares were excluded from the conversion. Footnotes also detail the Onex-related entities that held the shares and the ownership/control chain back to Onex Corporation.
• Filing timeliness: filed with the Form 4 dated July 14, 2026 (no late filing indicated).

Context

• This was an institutional disposition tied to a corporate transaction (merger) and not an open‑market sale by an individual officer. The per‑share price was set by the merger agreement; such filings reflect the cash-out of equity rather than a trading signal by company insiders.