Jouaneh Issa 4

What Happened
Jouaneh Issa, President of Emerald Holding (Connections Group), had 1,006,875 shares and derivative awards cancelled and converted into cash in connection with the company’s merger effective July 14, 2026. The shares/options were cancelled and converted pursuant to the merger agreement for $5.03 per share, resulting in aggregate consideration of approximately $5,064,581.25. This filing reports dispositions to the issuer (cancellations) rather than open-market sales.

Key Details

• Transaction date: July 14, 2026 (Effective Date of the Merger).
• Consideration: $5.03 per share (cash), total ≈ $5,064,581.25.
• Items reported:
  • 181,875 common shares cancelled (includes 171,875 RSUs that became vested and were cashed out).
  • 600,000; 75,000; and 150,000 derivative/share-option amounts cancelled and converted to cash under the Merger Agreement.
• Footnotes of note:
  • F1: Merger with Emma Buyer, LLC / Merger Sub effective July 14, 2026.
  • F2–F4: Shares/RSUs/options were cancelled and converted to cash per merger terms; options with exercise price < $5.03 were cashed for the spread, options ≥ $5.03 were cancelled for no consideration.
• Shares owned after transaction: not stated in the filing.
• Filing timeliness: filing date equals effective date; no late filing noted.

Context
These transactions reflect corporate action from the merger (cancellations/conversions to merger consideration), not open-market insider selling. For derivative awards: RSUs automatically vested and were converted to cash; certain stock options were cashed out for the difference between $5.03 and their exercise price (if below $5.03). This is procedural result of the merger rather than a voluntary sale indicating personal trading intent.