Dorlisa K. Flur - 23 Jul 2024 Form 4 Insider Report for HIBBETT INC

Role
Director
Signature
/s/ Dorlisa K. Flur
Issuer symbol
N/A
Transactions as of
23 Jul 2024
Net transactions value
-$207,462
Form type
4
Filing time
25 Jul 2024, 15:38:14 UTC
Previous filing
29 Mar 2024
Next filing
16 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIBB Common Stock Gift $0 -4,875 -67% $0.000000 2,371 23 Jul 2024 Direct F1
transaction HIBB Common Stock Options Exercise $694,312 +7,935 +335% $87.50 10,306 25 Jul 2024 Direct F1
transaction HIBB Common Stock Disposed to Issuer $901,775 -10,306 -100% $87.50 0 25 Jul 2024 Direct F1, F2

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 HIBB Restricted Stock Units Options Exercise $0 -7,935 -100% $0.000000* 0 25 Jul 2024 Common Stock 7,935 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Dorlisa K. Flur is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of April 23, 2024 (the Merger Agreement), by and among Hibbett, Inc., a Delaware corporation (the Company), Genesis Holdings, Inc., an Indiana corporation (Parent), Steps Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (Merger Sub) and, solely for purposes of certain provisions specified therein, JD Sports Fashion plc, a company incorporated under the laws of England and Wales and the ultimate parent company of Parent and Merger Sub, each share of common stock, par value $0.01 per share, of the Company (Company Common Stock) was converted into the right to receive $87.50 in cash, without interest.
F2 Includes 9,583 restricted stock units. In accordance with the terms of the Merger Agreement, each Vested Company RSU Award (as defined in the Merger Agreement) that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (1) the number of shares of Company Common Stock then underlying such restricted stock unit award as of immediately prior to the effective time of the merger, and (2) the per share merger consideration of $87.50.
F3 Restricted stock units have no excercisable or expiration date.