Robin L. Marino - Jun 22, 2022 Form 4 Insider Report for Summer Infant, Inc. (SUMR)

Role: Director
Signature: /s/ Elizabeth W. Fraser, Attorney-in-Fact
Stock symbol: SUMR
Transactions as of: Jun 22, 2022
Transactions value $: -$401,472
Form type: 4
Date filed: 6/22/2022, 09:29 AM
Previous filing: May 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SUMR	Common Stock	Disposed to Issuer	-$401K	-33.5K	-100%	$12.00	0	Jun 22, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robin L. Marino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This Form 4 reports shares of Common Stock disposed of pursuant to the Agreement and Plan of Merger, dated March 16, 2022, among Summer Infant, Inc. (the "Company"), Kids2, Inc. and Project Abacus Acquisition Corp., pursuant to which Project Abacus Acquisition Corp. merged into the Company effective on June 22, 2022 (the "Effective Time"), with the Company becoming a wholly owned subsidiary of Kids2, Inc. At the Effective Time, each issued and outstanding share of Common Stock was cancelled and converted into the right to receive $12.00 per share in cash, without interest thereon and subject to any required tax withholding.

Content

This Form 4 reports shares of Common Stock disposed of pursuant to the Agreement and Plan of Merger, dated March 16, 2022, among Summer Infant, Inc. (the "Company"), Kids2, Inc. and Project Abacus Acquisition Corp., pursuant to which Project Abacus Acquisition Corp. merged into the Company effective on June 22, 2022 (the "Effective Time"), with the Company becoming a wholly owned subsidiary of Kids2, Inc. At the Effective Time, each issued and outstanding share of Common Stock was cancelled and converted into the right to receive $12.00 per share in cash, without interest thereon and subject to any required tax withholding.