Ward Tamara 4
Research Summary
AI-generated summary
Brand House Collective (TBHC) Director Tamara Ward Surrenders 23,463 Shares
What Happened
Tamara Ward, a director of Brand House Collective, reported a disposition to the issuer of 23,463 shares on April 2, 2026. The filing reports no per-share price or total cash value for the disposition. Footnotes to the Form 4 state this action occurred at the effective time of Brand House’s merger with Bed Bath & Beyond, under which outstanding restricted share units and company shares were converted into Bed Bath & Beyond common stock (or cash in lieu of fractional shares).
Key Details
- Transaction date: 2026-04-02; Form 4 filed: 2026-04-03 (timely filing).
- Reported transaction: Disposition to issuer (code D) of 23,463 shares; price and total value shown as N/A.
- Post-transaction shares owned: not specified in this filing.
- Relevant footnotes:
- F1: Brand House became a wholly owned subsidiary of Bed Bath & Beyond at the merger effective time.
- F2–F3: Each Brand House share/RSU converted into the right to receive 0.1993 shares of Bed Bath & Beyond common stock (plus cash for fractional shares). By that exchange ratio, 23,463 Brand House shares would convert to roughly 4,676 Bed Bath & Beyond shares (plus any fractional-share cash), per the Merger Agreement.
- No indication in the filing of a separate open-market sale, 10b5-1 plan, or late filing.
Context
This is a merger-related surrender/conversion rather than a standard sale or purchase. Dispositions tied to corporate transactions (mergers, RSU conversions, tax withholding) frequently appear on Form 4 and do not necessarily reflect the insider’s view on future company performance.