Cohen Seth B. 4
4 · CASTLIGHT HEALTH, INC. · Filed Feb 18, 2022
Insider Transaction Report
Form 4
Cohen Seth B.
Director
Transactions
- Disposition to Issuer
Director Stock Option (right to buy)
2022-02-17−3,386→ 0 totalExercise: $2.99Exp: 2026-02-23→ Class B Common Stock (3,386 underlying) - Disposition to Issuer
Class B Common Stock
2022-02-17−208,712→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated January 4, 2022, by and among the Issuer, Vera Whole Health, Inc. ("Vera Health"), and Carbon Merger Sub, Inc. (the "Merger Sub"), the Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Vera Health, effective as of February 17, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, each share of the Issuer's Class A common stock and Class B common stock was exchanged for $2.05 in cash (the "Merger Consideration") at the Effective Time.
- [F2]The option is fully vested and exercisable.
- [F3]The option exercise price is equal to or exceeds the Merger Consideration and therefore the option was automatically cancelled without consideration immediately prior to the Effective Time.