John E. Buchanan - 31 Mar 2024 Form 4 Insider Report for Vericity, Inc.

Signature
/s/ John Buchanan
Issuer symbol
N/A
Transactions as of
31 Mar 2024
Net transactions value
-$808,135
Form type
4
Filing time
28 Jun 2024, 15:28:41 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERY Common Stock Disposed to Issuer $808,135 -70,703 -100% $11.43 0 31 Mar 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John E. Buchanan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to a definitive Agreement and Plan of Merger, dated as of October 3, 2023, by and among Vericity, Inc. (the "Company"), iA American Holdings, Inc. ("iA"), Long Grove Acquisition Corp., a wholly owned subsidiary of iA ("Merger Sub"), and, solely for purposes of Section 6.03 and Article IX thereof, iA Financial Corporation, Inc., whereby Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of iA. At the effective time of the Merger, each issued and outstanding share of the Company's common stock was automatically canceled and converted into the right to receive $11.43 in cash (less any required withholding taxes).
F2 Includes all shares held by the Reporting Person immediately prior to the Merger.

Remarks:

Executive Vice President, General Counsel and Corporate Secretary