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Eventbrite, Inc.·4

Mar 12, 4:53 PM ET

August-deWilde Katherine 4

4 · Eventbrite, Inc. · Filed Mar 12, 2026

Research Summary

AI-generated summary of this filing

Updated

Eventbrite (EB) Director Katherine August‑deWilde Cashes Out Shares

What Happened
Katherine August‑deWilde, a director of Eventbrite (EB), had a total of 371,455 holdings (common shares and restricted stock units) converted into cash as part of the company’s merger closing on March 10, 2026. Each outstanding share was converted into $4.50 in cash under the merger agreement, yielding roughly $1.67 million. Several derivative awards (time‑based RSUs) were also cancelled and converted into cash; certain outstanding options that were out‑of‑the‑money were cancelled for a small cash payment per the merger terms.

Key Details

  • Transaction date: March 10, 2026 (merger effective time). Filing date: March 12, 2026 (timely within the normal 2‑business‑day window).
  • Dispositions reported (all "Disposition to the issuer" under the Merger):
    • Common shares: 49,344; 79,051; 206,590 (total common = 334,985)
    • Derivative/RSU line items: 20,302; 6,852; 3,671; 5,645 (total RSU shares = 36,470)
    • Total converted: 371,455 shares (334,985 common + 36,470 RSU equivalents).
  • Merger consideration: $4.50 per share in cash (per Footnote F1/F2) → ~ $1,671,548 for the 371,455 shares.
  • Options: Footnote F3 notes any options with exercise prices above $4.50 were cancelled and settled for a Black‑Scholes cash amount (example listed: $17,361.27).
  • Shares owned after transaction: the reported holdings subject to these entries were converted/cancelled in the merger (i.e., cashed out).
  • Nature of transaction: Not an open‑market sale — these were merger cash‑outs under the Acquisition Agreement, so this is a corporate transaction rather than a discretionary insider sale.

Context

  • This filing documents the automatic conversion/settlement of equity at merger close (routine when a company is acquired). It does not reflect a voluntary open‑market trade that would signal the insider’s short‑term view.
  • For retail investors, purchases are generally more informative than merger cash‑outs; this is a corporate liquidity event paying fixed consideration.

Insider Transaction Report

Form 4Exit
Period: 2026-03-10
Eventbrite, Inc.EB
August-deWilde Katherine
Director
Transactions
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-10−49,344→ 79,051 total
  • Disposition to Issuer

    Class A Common Stock

    [F2]
    2026-03-10−79,051→ 0 total
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-10−206,590→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    [F3]
    2026-03-10−20,302→ 0 total
    Exercise: $8.64Exp: 2030-05-20→ Class A Common Stock (20,302 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    [F3]
    2026-03-10−6,852→ 0 total
    Exercise: $12.10Exp: 2032-06-08→ Class A Common Stock (6,852 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    [F3]
    2026-03-10−3,671→ 0 total
    Exercise: $21.32Exp: 2031-06-08→ Class A Common Stock (3,671 underlying)
  • Disposition to Issuer

    Stock Option (Right to Buy)

    [F3]
    2026-03-10−5,645→ 0 total
    Exercise: $23.00Exp: 2028-09-18→ Class A Common Stock (5,645 underlying)
Footnotes (3)
  • [F1]On March 10, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 1, 2025, by and among Eventbrite, Inc., a Delaware corporation (the "Issuer"), Bending Spoons US Inc., a Delaware corporation ("Parent") and a wholly owned subsidiary of Bending Spoons S.p.A., and Everest Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), subject to the terms and conditions of the Merger Agreement, each share of Class A common stock and Class B common stock issued and outstanding immediately prior to the Effective Time (subject to certain exceptions) was converted into the right to receive $4.50 in cash, without interest and subject to applicable withholding taxes (the "Merger Consideration").
  • [F2]At the Effective Time, each time-based Issuer restricted stock unit (including deferred restricted stock units, each an "Issuer RSU") that was outstanding immediately prior to the Effective Time (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to (x) the total number of shares underlying such Issuer RSU, multiplied by (y) the Merger Consideration.
  • [F3]At the Effective Time, any option to purchase shares of Class A Common Stock that was outstanding and unexercised immediately prior to the Effective Time for which the exercise price exceeded the Merger Consideration (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to $17,361.27, which was determined based on a Black-Scholes model.
Signature
By: Kristin Johnston, Attorney-in-fact For: the Reporting Person|2026-03-12

Documents

1 file
  • 4
    edgardoc.xmlPrimary

    PRIMARY DOCUMENT