Dworkin Ted 4

What Happened

• Ted Dworkin, Chief Product Officer of Eventbrite, recorded dispositions tied to the company’s March 10, 2026 merger. The filing shows four dispositions to the issuer: two non‑derivative stakes of 529,335 and 606,704 shares (total 1,136,039) and two derivative items (likely RSUs) of 44,303 and 193,339 units (total 237,642). Combined, 1,373,681 shares/units were converted.
• Per the Merger Agreement, each share (and each cancelled time‑based restricted stock unit) was converted into the right to receive $4.50 in cash. That yields roughly $6,181,564.50 in cash consideration (pre‑withholding) for the converted positions. The Form 4 lists the transactions as dispositions to the issuer (D) rather than open‑market sales.

Key Details

• Transaction date: March 10, 2026 (Effective Time of the merger). Form 4 filed March 12, 2026 (appears timely).
• Merger consideration: $4.50 per share; total cash value ≈ $6.18M.
• Breakdown: 1,136,039 non‑derivative shares; 237,642 derivative units (RSUs) — total 1,373,681 shares/units.
• Shares owned after transaction: not specified in the filing.
• Footnotes: filing explains the Merger Agreement converted outstanding Class A/B shares and time‑based RSUs into $4.50/share cash. It also notes (generally) that certain options with exercise prices above the merger consideration were cashed out based on a Black‑Scholes valuation (example amount in the filing: $225,064.11).

Context

• These were not open‑market sales but cash‑out conversions required by the merger — a routine administrative disposition when a company is acquired. Such transactions reflect the merger payout rather than a voluntary insider sale and therefore are less informative about the insider’s view of the business going forward.