ZAMAN WAHEED 4
4 · FARMER BROTHERS CO · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Farmer Brothers (FARM) Director Waheed Zaman Sells 104,521 Shares
What Happened Waheed Zaman, a director of Farmer Brothers Co. (FARM), disposed of 104,521 shares on May 5, 2026. The shares were cancelled and converted as part of a merger; the filing shows a disposition to the issuer at $1.29 per share for total proceeds of $134,832. The transaction was effected pursuant to the March 3, 2026 Merger Agreement and was approved by the company’s board as contemplated by Rule 16b-3.
Key Details
- Transaction date: 2026-05-05
- Transaction type/code: Disposition to the issuer (D) in connection with a merger
- Price per share: $1.29
- Shares disposed: 104,521
- Total proceeds: $134,832
- Shares owned after transaction: Not stated in the provided excerpt (shares outstanding were cancelled and converted to cash under the merger)
- Footnote: F1 — Merger Sub merged into the issuer; each pre‑merger common share was cancelled and converted into $1.29 cash; disposition approved by the board per the Merger Agreement and Rule 16b-3
- Filing timeliness: Report filed on 2026-05-05 for a transaction dated 2026-05-05 (appears timely)
Context This was a cash conversion tied to a corporate merger, not an open-market sale by the director. Such merger-driven dispositions are administrative outcomes of the deal (each share was converted into the right to receive $1.29 in cash) and should be viewed differently from discretionary insider sales. Purchases generally carry more weight as a bullish signal; this filing documents the cash-out resulting from the merger.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-05$1.29/sh−104,521$134,832→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger, dated March 3, 2026, by and among the Issuer, Royal Cup, Inc. ("Parent") and BP I Brew Merger Sub Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), upon the terms and subject to the conditions set forth in the Merger Agreement, each share of the Issuer's common stock, par value $1.00 per share ("Common Stock"), that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $1.29 per share of Common Stock in cash, without interest. The disposition of the securities by the Reporting Person in the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended.