[Form 4] EXACT SCIENCES CORP Insider Trading Activity
Rhea-AI Filing Summary
EXACT SCIENCES CORP EVP and Chief Financial Officer Aaron Bloomer reported a series of equity changes tied to the company’s merger with Abbott Laboratories. At the merger’s effective time, each share of Exact common stock and each vested equity unit was converted into the right to receive $105.00 in cash per share, less applicable taxes.
The filing shows performance-based and time-based restricted stock units being fully vested, cancelled, and exchanged for this cash consideration, while certain newer RSUs were assumed as Abbott restricted stock units on substantially the same terms. Following these transactions, the Form 4 indicates no remaining Exact Sciences common stock or RSU holdings for Bloomer.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 4,395 | $0.00 | -- |
| Disposition | Restricted Stock Units | 28,063 | $0.00 | -- |
| Grant/Award | Common Stock | 89,911 | $0.00 | -- |
| Disposition | Common Stock | 138,679 | $0.00 | -- |
| Disposition | Common Stock | 417 | $0.00 | -- |
Footnotes (1)
- On March 23, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 19, 2025, by and among Exact Sciences Corporation, a Delaware corporation (the "Issuer"), Abbott Laboratories, an Illinois corporation ("Parent"), and Badger Merger Sub I, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a direct, wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each performance based restricted stock unit ("PSU") outstanding as of immediately prior to the Effective Time was deemed to be fully vested, with any performance conditions deemed satisfied based on actual levels of achievement of applicable target levels as of November 19, 2025, and was cancelled and converted into the right to receive $105.00 in cash, without interest (the "Merger Consideration") in respect of each share of the Issuer's common stock, par value $0.01 per share ("Common Stock") subject to such PSU, less any applicable tax withholding. At the Effective Time, on the terms and subject to the conditions set forth in the Merger Agreement, each share of Common Stock, issued and outstanding immediately prior to the Effective Time, with certain exceptions, was converted into the right to receive the Merger Consideration. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. These RSUs vest in four equal annual installments beginning on February 27, 2026. At the Effective Time, each RSU granted before November 19, 2025 and outstanding as of immediately prior to the Effective Time was deemed to be fully vested and cancelled and converted into the right to receive the Merger Consideration in respect of each share of Common Stock subject to such RSU, less any applicable tax withholding. At the Effective Time, each outstanding RSU as of immediately prior to the Effective Time that was granted on or after November 19, 2025 was assumed by Parent at the Effective Time as a Parent restricted stock unit on substantially the same terms and conditions as were applicable to the corresponding RSU (including with respect to double-trigger vesting protections), with the number of Parent common shares underlying such Parent restricted stock unit determined based on the Merger Consideration divided by the average closing price of a Parent common share for the 10 consecutive trading days ending on and including the trading day immediately preceding the Effective Time. These RSUs vest in four equal annual installments beginning on February 25, 2027.