Jamf (JAMF) director exits all shares and options in $13.05 cash merger
Rhea-AI Filing Summary
Jamf Holding Corp. director Dean Hager reported the cash‑out of his Jamf equity in connection with the company’s merger with Jawbreaker Parent, Inc. All 284,538 shares of common stock he owned were cancelled and converted into the right to receive $13.05 per share in cash at the merger’s effective time.
The common stock amount includes 131,736 unvested restricted stock units that fully vested and were converted into cash based on the same $13.05 per share price. Two stock option grants covering 1,464,939 shares at a $7.56 exercise price and 284,625 shares at a $4.35 exercise price were cancelled and converted into cash equal to the per‑share price minus the respective exercise prices.
Positive
- None.
Negative
- None.
Insights
Jamf’s merger triggers automatic cash-out of a director’s shares and options at $13.05 per share.
This Form 4 shows Dean Hager, a director of Jamf Holding Corp., having his equity cancelled for cash due to the completed merger with Jawbreaker Parent, Inc. Each common share was converted into $13.05 in cash at the merger’s effective time.
Hager’s position included 284,538 common shares, of which 131,736 were unvested restricted stock units that fully vested and were cashed out at the same price. Two stock option awards on 1,464,939 shares at $7.56 and 284,625 shares at $4.35 were cancelled and converted into cash equal to the excess of $13.05 over each exercise price.
The filing reflects mechanical treatment agreed in the October 28, 2025 merger agreement rather than a discretionary sale decision. Following these transactions, the director reports holding zero Jamf common shares and zero related stock options, consistent with Jamf becoming a wholly owned subsidiary of Jawbreaker Parent.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 1,464,939 | $7.56 | $11.07M |
| Disposition | Stock Option (Right to Buy) | 284,625 | $4.35 | $1.24M |
| Disposition | Common Stock | 284,538 | $13.05 | $3.71M |
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger, dated as of October 28, 2025, by and among the Issuer, Jawbreaker Parent, Inc. ("Parent") and Jawbreaker Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.001 per share ("Common Stock"), owned by the reporting person immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $13.05 per share in cash, without interest thereon (the "Per Share Price"). The shares of Common Stock reported as disposed by the reporting person include 131,736 unvested restricted stock units ("Company RSUs") which were, at or immediately prior the Effective Time, fully vested, cancelled and converted into the right to receive, without interest, an amount in cash equal to the product of (i) the Per Share Price and (ii) the total number of shares of Common Stock subject to such Company RSUs. Pursuant to the Merger Agreement, this stock option was, at or immediately prior to the Effective Time, cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the total number of shares of Common Stock subject to such option as of immediately prior to the Effective Time and (ii) the excess, if any, of the Per Share Price over the exercise price of such option.
FAQ
What insider transaction did Jamf (JAMF) director Dean Hager report on this Form 4?
How were Dean Hager’s Jamf (JAMF) restricted stock units treated in the merger?
What happened to Dean Hager’s Jamf (JAMF) stock options in the merger?
What merger agreement underlies the insider transactions reported for Jamf (JAMF)?