ZIMV CEO reports merger cash consideration at $19; RSUs canceled
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZimVie (ZIMV) insider filing: President and CEO Vafa Jamali reported merger-related transactions dated October 20, 2025. In connection with the closing of the merger with Zamboni Parent Inc. and Zamboni MergerCo Inc., each share of ZimVie common stock was converted into the right to receive $19.00 in cash, without interest and subject to tax withholding.
Jamali reported the disposition of common stock and showed 0 shares owned directly after the transaction. The filing also notes prior acquisition of 1,682 shares under the Employee Stock Purchase Plan on May 30, 2025. Additionally, 786,541 restricted stock units vested in full at the Effective Time and were canceled for a cash payment based on the $19.00 per share merger consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jamali Vafa
Role
See remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 786,541 | $0.00 | -- |
| Disposition | Common Stock | 389,152 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- Includes 1,682 shares of common stock, par value $0.01 per share ("Common Stock") acquired under the ZimVie Inc. Employee Stock Purchase Plan on May 30, 2025. This Form 4 reports securities disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated July 20, 2025, by and among the Issuer, Zamboni Parent Inc., a Delaware corporation ("Parent") and Zamboni MergerCo Inc., a Delaware corporation and wholly owned subsidiary of Parent ("MergerCo"), pursuant to which, on October 20, 2025 (the "Effective Time"), MergerCo merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Parent. At the Effective Time, each share of the Issuer's Common Stock, reported on this Form 4 was converted into the right to receive $19.00 in cash (the "Merger Consideration"), without interest and subject to any required tax withholding, upon the terms and subject to the conditions of the Merger Agreement. From and after the Effective Time, all such shares of Common Stock were no longer outstanding and were automatically canceled. At the Effective Time, each restricted stock unit with respect to Common Stock (each, a "Restricted Stock Unit"), outstanding immediately prior to the Effective Time vested in full (to the extent then-unvested), and was canceled and converted into the right to receive cash, without interest and subject to applicable tax withholding and deductions, in an amount equal to the product, rounded to the nearest cent, of (i) the number of shares of Common Stock subject to such Restricted Stock Unit immediately prior to the Effective Time and (ii) the Merger Consideration. Each Restricted Stock Unit represented a contingent right to receive one share of Common Stock. As required by the terms of the Merger Agreement, the Issuer accelerated the vesting of all of the outstanding and unvested equity awards held by Mr. Jamali, as of immediately prior to the Effective Time, contingent upon the closing of the transactions contemplated by the Merger Agreement.
FAQ
What did ZIMV’s CEO report in the Form 4?
Vafa Jamali reported merger-related dispositions of common stock and the settlement of restricted stock units at $19.00 per share on October 20, 2025.
How many RSUs were affected for ZIMV’s CEO?
A total of 786,541 restricted stock units vested and were canceled for a cash payment based on the $19.00 per share consideration.
What was the CEO’s ownership after the merger transaction?
The Form 4 shows 0 shares directly owned following the reported transaction.
Who were the merger counterparties for ZIMV?
The merger was among ZimVie Inc., Zamboni Parent Inc., and Zamboni MergerCo Inc.