DESAI KALPANA 4

What Happened Kalpana Desai, a director of Janus Henderson Group Ltd. (JHG), disposed of 33,638 shares on June 30, 2026, in connection with the company’s merger. Each share was converted into $52.00 in cash under the Merger Agreement, resulting in total consideration of $1,749,176. The disposition was to the issuer as part of the merger (a cash‑out), not an open‑market sale.

Key Details

• Transaction date: June 30, 2026. Form 4 filed July 2, 2026.
• Transaction type: Disposition to issuer (merger cash consideration).
• Price per share: $52.00.
• Shares disposed: 33,638; total value: $1,749,176.
• Footnote: Includes 3,288 outstanding restricted stock units (RSUs) held by the reporting person that were cancelled and exchanged for a lump‑sum cash payment equal to the merger consideration (plus any accrued dividend equivalents).
• Post‑transaction shares owned: Not reported in this filing.
• Filing timeliness: Reported on July 2; no late filing flag indicated.

Context This was a merger cash‑out—each ordinary share (except those held by the buyer or as otherwise provided) converted into $52 in cash at the effective time of the merger. Such disposals in M&A transactions reflect the deal mechanics rather than typical insider selling activity; they do not necessarily indicate management sentiment about the company's future.