Jeffery T. Mullins - Jun 28, 2024 Form 4 Insider Report for HireRight Holdings Corp (HRT)

Role
Chief Technology Officer
Signature
/s/ Brian Copple as Attorney-in-Fact, for Jeffery T. Mullins
Stock symbol
HRT
Transactions as of
Jun 28, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 11:36 AM
Previous filing
Mar 14, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HRT Restricted Stock Unit (RSU) Disposed to Issuer -53K -100% 0 Jun 28, 2024 Common Stock 53K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jeffery T. Mullins is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each Company restricted stock unit ("Company RSUs") represented a contingent right to receive one share of common stock of the Company ("Share") upon vesting of the Company RSU.
F2 This Form 4 reports securities disposed of under the Agreement and Plan of Merger (the "Merger Agreement"), dated February 15, 2024, among HireRight Holdings Corporation (the "Company"), Hearts Parent, LLC and Hearts Merger Sub, Inc. ("Merger Sub"), under which Merger Sub was merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation in the Merger. Under the Merger Agreement, at the effective time of the Merger, each Company RSU reported in this Form 4 was converted into the right to receive a cash-based award in an amount equal in value to the product of (A) the total number of Shares subject to such Company RSU multiplied by (B) $14.35 in cash which represents the Merger consideration, which cash-based award remains subject to the same vesting conditions as the corresponding Company RSU.