[Form 4] Eventbrite, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Eventbrite, Inc. director Helen Riley reported a series of issuer dispositions on March 10, 2026 in connection with the closing of the company’s merger with Bending Spoons US Inc.
All reported entries are code D transactions. A total of 67,688 shares of Class A common stock were first disposed of to the issuer, leaving 173,577 shares, and then the remaining 173,577 shares were also disposed of, reducing her direct common stock holdings to zero at the effective time of the merger.
Six stock option grants covering 20,302, 6,852, 264,319, 10,724, 3,671 and 5,645 underlying shares, with exercise prices ranging from $8.64 to $23.00, were likewise disposed of to the issuer, leaving no remaining options reported in this filing.
According to the merger terms, each share of Class A and Class B common stock outstanding immediately prior to the effective time was converted into the right to receive $4.50 in cash, and time-based restricted stock units were cancelled for a cash amount based on the same merger consideration. Options with exercise prices above the $4.50 merger consideration were cancelled and converted into the right to receive $49,174.94 in cash, determined using a Black-Scholes model.
Positive
- None.
Negative
- None.
Insights
Director’s equity is cashed out mechanically as Eventbrite goes private.
The transactions show Helen Riley returning both common shares and options to Eventbrite as part of a completed merger with Bending Spoons US Inc. All entries are code D dispositions to the issuer, not open-market sales.
Her Class A common stock position moves from 241,265 shares before these entries to zero after, consistent with all shares being converted into a fixed $4.50-per-share cash right at the merger’s effective time. No derivative positions remain in the filing’s derivative summary.
The footnotes clarify that time-based restricted stock units are cancelled for cash based on the same $4.50 merger consideration, while out-of-the-money options (exercise prices above the merger price) are cancelled and converted into a fixed $49,174.94 cash amount calculated using a Black-Scholes model. This reflects standard change-of-control treatment of equity awards under a negotiated merger agreement, rather than discretionary trading by the director.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 20,302 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 6,852 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 264,319 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 10,724 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 3,671 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 5,645 | $0.00 | -- |
| Disposition | Class A Common Stock | 67,688 | $0.00 | -- |
| Disposition | Class A Common Stock | 173,577 | $0.00 | -- |
Footnotes (1)
- 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"). 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. At the Effective Time, any option to purchase shares of Class A Common Stock that was outstanding and unexercised immediately prior to the Effective Time for which the exercise price exceeded the Merger Consideration (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to $49,174.94, which was determined based on a Black-Scholes model.
