Lamm Jacob 4

What Happened Jacob Lamm, a director of Cantaloupe, reported dispositions on May 8, 2026 totaling 217,476 shares/units (78,319 + 19,157 + 120,000). These securities were canceled and converted into cash under the company’s merger agreement. Common stock and vested RSUs were converted at $11.20 per share; in‑the‑money options (derivative securities) were cashed out per the merger formula. If all 217,476 were paid at $11.20, the gross consideration would be about $2,435,731; option payouts may differ based on exercise prices.

Key Details

• Transaction date: 2026-05-08; Form filed 2026-05-08 (timely filing).
• Total securities disposed: 217,476 (78,319; 19,157; 120,000 derivative).
• Merger consideration for common stock/RSUs: $11.20 per share (cash).
• Options/derivatives: in‑the‑money options were canceled for a cash payment equal to (shares × (11.20 − exercise price)) per merger terms.
• Shares owned after transaction: reported as zero common shares (all reported holdings were converted/canceled in the merger).
• Footnotes: dispositions were made pursuant to the Agreement and Plan of Merger dated June 15, 2025; RSUs vested and were converted; options treated per the merger formula.

Context These transactions are merger-related cash outs, not open-market sales or purchases. Common stock and RSUs were paid at the stated merger price; option payouts depend on each option’s exercise price. Such merger-driven conversions are routine corporate-transaction outcomes and do not by themselves indicate the insider’s ongoing sentiment about the company’s stock.