Simulations Plus: CEO Shawn O'Connor sold 247,500 shares

What happened

• Shawn O'Connor, CEO, disposed of 247,500 derivative securities to the issuer on Oct 6, 2026, as reported on the Form 4.
• The filing ties the dispositions to the company's merger agreement and references a Merger Consideration of $18.50 per share, implying total cash of $4,578,750 for 247,500 shares.

Key details

• Transaction date: Oct 6, 2026; Merger Consideration cited at $18.50 per share (where applicable).
• Form 4 lists seven derivative disposition entries totaling 247,500 shares.
• Shares owned after the transaction: not reported on this Form 4.
• Footnotes from the filing:
  • F1: Outstanding options automatically vested and were canceled and converted into the right to receive cash equal to the number of shares times the excess of the Merger Consideration over the option exercise price.
  • F2: Each issued and outstanding share of common stock was converted into the right to receive $18.50 in cash; options with per share exercise price equal to or greater than the Merger Consideration were canceled without payment.
• Filing date: Oct 6, 2026; the Form 4 shows the transaction date as Oct 6, 2026 and does not indicate a late filing.

Why it may matter

• These were derivative transactions tied to the merger: outstanding options were treated under the merger agreement (vested, canceled, and converted into cash rights as described in the footnotes).
• The filing reports cash consideration per share for converted securities rather than open-market sales.
• This filing does not show why the insider traded or why the company acted.