Eventbrite, Inc.·4

Mar 12, 4:56 PM ET

Manchon Pilar 4

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

Research Summary

AI-generated summary of this filing

Updated

Eventbrite Director Manchon Pilar Sells 163,637 Shares

What Happened

  • Manchon Pilar, a director of Eventbrite, reported dispositions totaling 163,637 shares (30,483 + 133,154) on March 10, 2026. The shares were not sold on the open market but were converted into cash under the company’s merger agreement at $4.50 per share, for a gross payout of $736,366.50 (subject to withholding).
  • These transactions are reported as dispositions to the issuer (code D) in connection with the merger of Eventbrite into a Bending Spoons subsidiary; the filing reflects the conversion/cancellation of outstanding stock and certain restricted stock units into cash.

Key Details

  • Transaction date: March 10, 2026. Merger consideration: $4.50 per share.
  • Shares disposed: 30,483 and 133,154 (total 163,637). Gross cash value: $736,366.50 (before tax withholding).
  • Footnotes: F1 describes the merger that converted common stock into $4.50 cash per share; F2 explains that time-based restricted stock units (RSUs) were cancelled and converted into cash equal to the number of underlying shares times the merger consideration.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Filing date: March 12, 2026 (appears timely based on the March 10 transaction).

Context

  • These were not market sales driven by individual trading decisions but cash-outs resulting from a corporate merger—common when a company is acquired. The payments are without interest and subject to applicable withholding taxes.

Insider Transaction Report

Form 4Exit
Period: 2026-03-10
Transactions
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2026-03-1030,483133,154 total
  • Disposition to Issuer

    Class A Common Stock

    [F2]
    2026-03-10133,1540 total
Footnotes (2)
  • [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.
Signature
By: Kristin Johnston, Attorney-in-fact For: the Reporting Person|2026-03-12

Documents

1 file
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    edgardoc.xmlPrimary

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