Baird Lisa P. 4

What Happened
Lisa P. Baird, a director of Cantaloupe, disposed of a total of 314,952 shares/units on May 8, 2026 in connection with the company's merger. The transactions include dispositions of 175,795 and 19,157 shares of common stock and 120,000 derivative units (e.g., RSUs/options). Under the Merger Agreement, shares/RSUs were canceled and converted into the Merger Consideration of $11.20 per share, producing aggregate cash proceeds of roughly $3.53 million. These were dispositions to the issuer as part of the merger, not open-market sales.

Key Details

• Transaction date: 2026-05-08; reported on Form 4 filed 2026-05-08 (timely).
• Price: N/A on the Form 4 because shares/units were canceled and converted under the Merger Agreement; Merger Consideration = $11.20 per share.
• Share counts: 175,795 common shares; 19,157 common shares; 120,000 derivative units — total 314,952.
• Estimated cash received (common + RSUs converted at $11.20): ≈ $3,527,462.40. (If any derivative items were options, their cash payout could differ per exercise price.)
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F4 describe the merger, conversion of common stock and RSUs to cash at $11.20, and treatment of in‑the‑money vs. out‑of‑the‑money options.

Context
"Disposition to the issuer" here reflects the merger mechanics: outstanding common shares and RSUs were canceled and cash‑settled at the deal price. In‑the‑money options (if any) were cashed out per the agreement; options with exercise prices at or above the merger price were canceled without payment. Because these were automatic merger cash‑outs rather than voluntary open‑market sales, they should not be read as an independent buy/sell signal by the insider.