Tamminga Neely J. 4
4 · BRAND HOUSE COLLECTIVE, INC. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Brand House Collective (TBHC) Director Neely J. Tamminga Disposes 23,463 Shares
What Happened
Neely J. Tamminga, a director of Brand House Collective, reported a disposition of 23,463 shares on April 2, 2026. The Form 4 lists this as a "Disposition to the issuer" (transaction code D) with no per‑share price disclosed — the shares were affected by the company’s merger into Bed Bath & Beyond, not an open‑market sale.
Key Details
- Transaction date: 2026-04-02 (filed on 2026-04-03). Transaction code: D (Disposition to issuer). Price: N/A on the Form 4.
- Shares disposed: 23,463 Company shares (Company RSUs converted/vested and then converted at closing).
- Resulting Parent shares: Each Company share converted into 0.1993 shares of Bed Bath & Beyond common stock per the merger; 23,463 × 0.1993 ≈ 4,676.18 shares of Parent common stock (insider to receive approximately 4,676 shares plus cash for the fractional share).
- Footnotes: F1–F3 explain that Brand House became a wholly owned subsidiary of Bed Bath & Beyond at the Effective Time, all Company RSUs vested and converted into Parent common stock per the Merger Agreement, and the Exchange Ratio was 0.1993 with cash in lieu for fractional shares.
- Timeliness: Filed the day after the transaction date; appears to be timely (not marked late).
Context
This was a corporate‑action disposition tied to the merger (conversion of RSUs to Parent stock and/or cancellation), not an insider selling shares into the market for personal liquidity. Such merger-driven dispositions are routine outcomes of M&A and do not necessarily signal a director’s view on the combined company’s prospects.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2][F3]2026-04-02−23,463→ 0 total
Footnotes (3)
- [F1]On April 2, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated November 24, 2025, by and among Bed Bath & Beyond, Inc., a Delaware corporation ("Parent"), Knight Merger Sub II, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and the Issuer, the Issuer became a wholly owned subsidiary of Parent (the "Merger").
- [F2]At the effective time of the Merger (the "Effective Time"), each Company restricted share unit ("Company RSU") outstanding immediately prior to the Effective Time vested and was converted into the right to receive, without interest and subject to applicable withholding taxes, a number of validly issued, fully paid and nonassessable shares of Parent's common stock, par value $0.0001 per share ("Parent Common Stock") equal to (i) the number of shares of common stock, no par value per share, of the Company ("Company Common Stock") subject to such Company RSU immediately prior to the Effective Time multiplied by (ii) the Exchange Ratio (as defined below), plus any Fractional Share Cash Consideration (as defined in the Merger Agreement) in accordance with the Merger Agreement.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.1993 shares (the "Exchange Ratio") of Parent Common Stock, plus cash in lieu of any fractional shares of Parent Common Stock that otherwise would have been issued.