Bonner Brian 4
4 · Daseke, Inc. · Filed Apr 1, 2024
Insider Transaction Report
Form 4
Daseke, Inc.DSKE
Bonner Brian
Director
Transactions
- Disposition to Issuer
Common Stock
2024-04-01$8.30/sh−514,131$4,267,287→ 0 total - Disposition to Issuer
Director Stock Option (right to buy)
2024-04-01−25,000→ 0 totalExercise: $9.98Exp: 2027-02-27→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of December 22, 2023 (the "Merger Agreement"), by and among the Issuer, TFI International Inc., a corporation incorporated pursuant to the Canada Business Corporations Act ("Parent"), and Diocletian MergerCo, Inc., a Delaware corporation and an indirect, wholly owned subsidiary of Parent ("Acquisition Sub"), Acquisition Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as an indirect, wholly owned subsidiary of Parent.
- [F2]At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each share of common stock, par value $0.0001 per share, of the Issuer that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $8.30 in cash (the "Merger Consideration"), without interest and less any applicable withholding taxes.
- [F3]At the Effective Time, pursuant to the Merger Agreement, this option, which provided for vesting in five equal annual installments beginning February 27, 2018, was automatically canceled for no consideration because the exercise price of the option exceeded the Merger Consideration.