DigitalBridge Group: President & CIO Benjamin J. Jenkins sold 2,129,890 shares

What happened Benjamin J. Jenkins, President & CIO, reported dispositions and a conversion on Sep 30, 2026. He disposed to the issuer 271,289 shares at $16.00 for $4,340,624 and disposed to the issuer 1,858,601 shares at $16.00 for $29,737,616. He also reported a conversion of 461,255 derivative shares (conversion price $0.00).

Key details

• Transaction date: Sep 30, 2026. Prices: $16.00 for the cash dispositions; $0.00 on the conversion entry. Total cash reported for the $16.00 dispositions: $34,078,240.
• Shares owned after the transaction: not stated in the Form 4 filing excerpt provided.
• Footnotes:
  • The transactions occurred pursuant to a merger agreement dated Dec 29, 2025, under which each issued and outstanding common share (other than certain excluded shares) converted into the right to receive $16.00 per share in cash (less applicable withholding).
  • Includes 184,512 restricted Class A common shares that vested and converted and were paid the Per Share Merger Consideration plus any accumulated dividend equivalents.
  • Certain OP long-term incentive units vested and were converted into common units that converted into the right to receive $16.00 per unit in cash.
• Filing date: Oct 2, 2026. The filing does not include a late filing notation.

Why it may matter

• The Form 4 shows conversion of derivative securities and cash-outs at $16.00 per share under the merger agreement, and cash dispositions to the issuer totaling $34,078,240.
• This was not reported as a market sale or separate open-market transaction in the filing; it reflects conversion and merger consideration per the merger agreement.
• The filing does not show why the insider traded or why the company acted.