DigitalBridge Group: director Rasheed Shaka sold 66,222 shares

What happened Rasheed Shaka, a director of DigitalBridge Group, disposed of 66,222 derivative shares that converted into the right to receive $16.00 per share in cash, for a total of $1,059,552. The filing shows the disposition was pursuant to a merger agreement under which deferred stock units became vested, were cancelled and converted into the per share merger consideration.

Key details

• Transaction date and price: Sep 30, 2026 at $16.00 per share; total proceeds $1,059,552.
• Transaction code and type: D (Disposition to the issuer); derivative conversion of deferred stock units (see footnote F1).
• Shares owned after the transaction: not reported in the provided filing excerpt.
• Filing date: Oct 02, 2026 (no late-filing indication provided in the excerpt).
• Relevant footnote: footnote F1 cites the Merger Agreement dated Dec 29, 2025 and states each deferred stock unit became fully vested, was cancelled and converted into the per share merger consideration at the effective time.

Why it may matter

• This was a derivative disposition tied to a merger: deferred stock units were converted into cash under the Merger Agreement rather than sold in the open market.
• A filing does not show why the insider traded or why the company acted.