WideOpenWest (WOW) director stock converted to $5.20 cash in Bandit merger
Rhea-AI Filing Summary
WideOpenWest, Inc. director reported the cash-out of common stock in connection with the company’s merger with an affiliate of Bandit Parent, LP. On 12/31/2025, the reporting person disposed of 196,828 shares of WideOpenWest common stock at $5.20 per share, leaving 0 shares beneficially owned after the transaction, and the holdings are now reported as directly owned in amount of zero.
The transaction occurred at the effective time of the merger under the Agreement and Plan of Merger dated August 11, 2025, when Bandit Merger Sub, Inc. merged with and into WideOpenWest, with WideOpenWest continuing as an indirect wholly owned subsidiary of Bandit Parent, LP. At that time, each issued and outstanding share of WideOpenWest common stock (subject to specified exceptions) was automatically converted into the right to receive $5.20 in cash per share, subject to withholding taxes. In addition, each outstanding restricted stock award held by the reporting person fully vested and was cancelled in exchange for the same cash consideration per underlying share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 196,828 | $5.20 | $1.02M |
Footnotes (1)
- In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 11, 2025 (the "Merger Agreement"), by and among WideOpenWest, Inc. (the "Issuer"), Bandit Parent, LP, a Delaware limited partnership ("Parent"), and Bandit Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer on December 31, 2025, with the Issuer continuing after the merger as a wholly owned indirect subsidiary of Parent (the effective time of such merger, the "Effective Time"). At the Effective Time, in accordance with the terms set forth in the Merger Agreement, each issued and outstanding share of common stock of the Company, par value $0.01 per share ("Company Common Stock") (except for shares directly owned by the Company as treasury stock or otherwise, or by Parent or Merger Sub immediately prior to the Effective Time, including any shares of Company Common Stock which were contributed to Parent by certain stockholders of the Company (the "Rollover Stockholders") in accordance with the voting, support and rollover agreement by and among the Rollover Stockholders, the Company and Parent, dated as of the date of the Merger Agreement, (cont'd below) or by any holder who was entitled to demand appraisal and properly exercised such appraisal rights pursuant to Section 262 of the General Corporation Law of the State of Delaware, which, in each case, were treated as described in the Merger Agreement), was automatically converted into the right to receive $5.20 per share in cash, without interest (the "Merger Consideration"), subject to any required tax withholding. At the Effective Time, in accordance with the terms set forth in the Merger Agreement, each outstanding restricted stock award ("RSA") held by the Reporting Person fully vested and was cancelled and converted into the right to receive the Merger Consideration in respect of each share of Company Common Stock subject to such RSA.
FAQ
What insider transaction was reported for WideOpenWest, Inc. (WOW)?
The filing reports that a director of WideOpenWest, Inc. disposed of 196,828 shares of common stock on 12/31/2025 at a price of $5.20 per share, leaving 0 shares beneficially owned following the transaction.
How were restricted stock awards for the WideOpenWest (WOW) director treated?
At the merger’s effective time, each outstanding restricted stock award (RSA) held by the reporting person fully vested and was cancelled, and the holder became entitled to receive the same $5.20 cash consideration for each share of common stock underlying the RSA.
What is the relationship of the reporting person to WideOpenWest (WOW)?
The reporting person is identified as a Director of WideOpenWest, Inc. and filed the Form 4 as a single reporting person.
What structural change occurred to WideOpenWest, Inc. (WOW) in this transaction?
Bandit Merger Sub, Inc. merged with and into WideOpenWest, Inc. on December 31, 2025, and WideOpenWest continued after the merger as a wholly owned indirect subsidiary of Bandit Parent, LP.