John K. Delaney - Jul 20, 2023 Form 4 Insider Report for Berkshire Grey, Inc. (BGRY)

Role
Director
Signature
/s/ Christian Ehrbar, Attorney-in-Fact
Stock symbol
BGRY
Transactions as of
Jul 20, 2023
Transactions value $
$0
Form type
4
Date filed
7/24/2023, 05:27 PM
Previous filing
Jun 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGRY Class A Common Stock Disposed to Issuer -1.01M -100% 0 Jul 20, 2023 Direct F1
transaction BGRY Class C Common Stock Disposed to Issuer -1.39M -100% 0 Jul 20, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John K. Delaney 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 March 24, 2023 (the "Merger Agreement"), by and among the Issuer, SoftBank Group Corp., a Japanese kabushiki kaisha ("SoftBank"), and Backgammon Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of SoftBank ("Merger Sub"), on July 20, 2023, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of SoftBank (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of the Issuer's common stock was automatically converted into the right to receive cash in the amount of $1.40, without interest and less any applicable withholding taxes.