Jerry Schafer - 05 Jan 2024 Form 4 Insider Report for Startek, Inc.

Role
Director
Signature
/s/ Teri Scott, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
05 Jan 2024
Net transactions value
$0
Form type
4
Filing time
05 Jan 2024, 14:49:48 UTC
Previous filing
05 Oct 2023
SEC
View on sec.gov

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 SRT Stock Options Disposed to Issuer -4,333 -100% 0 05 Jan 2024 Common Stock 4,333 $8.02 Direct F1
transaction SRT Stock Options Disposed to Issuer -4,387 -100% 0 05 Jan 2024 Common Stock 4,387 $8.39 Direct F1
transaction SRT Stock Options Disposed to Issuer -5,925 -100% 0 05 Jan 2024 Common Stock 5,925 $6.39 Direct F1
transaction SRT Stock Options Disposed to Issuer -4,642 -100% 0 05 Jan 2024 Common Stock 4,642 $8.14 Direct F1
transaction SRT Stock Options Disposed to Issuer -11,138 -100% 0 05 Jan 2024 Common Stock 11,138 $3.31 Direct F1
transaction SRT Stock Options Disposed to Issuer -7,107 -100% 0 05 Jan 2024 Common Stock 7,107 $5.06 Direct F1
transaction SRT Stock Options Disposed to Issuer -6,871 -100% 0 05 Jan 2024 Common Stock 6,871 $5.23 Direct F1
transaction SRT Stock Options Disposed to Issuer -4,561 -100% 0 05 Jan 2024 Common Stock 4,561 $7.83 Direct F1
transaction SRT Stock Options Disposed to Issuer -4,437 -100% 0 05 Jan 2024 Common Stock 4,437 $7.84 Direct F1
transaction SRT Stock Options Disposed to Issuer -4,889 -100% 0 05 Jan 2024 Common Stock 4,889 $7.12 Direct F1
transaction SRT Stock Options Disposed to Issuer -5,575 -100% 0 05 Jan 2024 Common Stock 5,575 $6.25 Direct F1
transaction SRT Stock Options Disposed to Issuer -6,586 -100% 0 05 Jan 2024 Common Stock 6,586 $5.26 Direct F1
transaction SRT Stock Options Disposed to Issuer -7,572 -100% 0 05 Jan 2024 Common Stock 7,572 $4.52 Direct F1
transaction SRT Stock Options Disposed to Issuer -12,045 -100% 0 05 Jan 2024 Common Stock 12,045 $2.81 Direct F1
transaction SRT Stock Options Disposed to Issuer -10,129 -100% 0 05 Jan 2024 Common Stock 10,129 $3.25 Direct F1
transaction SRT Stock Options Disposed to Issuer -8,531 -100% 0 05 Jan 2024 Common Stock 8,531 $3.85 Direct F1
transaction SRT Stock Options Disposed to Issuer -8,805 -100% 0 05 Jan 2024 Common Stock 8,805 $3.76 Direct F1
transaction SRT Stock Options Disposed to Issuer -11,199 -100% 0 05 Jan 2024 Common Stock 11,199 $2.93 Direct F1
transaction SRT Stock Options Disposed to Issuer -9,850 -100% 0 05 Jan 2024 Common Stock 9,850 $3.25 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jerry Schafer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Stock options of the Issuer were canceled pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 10, 2023, by and among the Issuer, Stockholm Parent, LLC, a Delaware limited liability company, and Stockholm Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent, at the effective time of the merger, in exchange for an amount in cash equal to the excess, if any, of $4.30 per share of common stock of the Issuer (the "Merger Consideration") over the per share exercise price of such stock options. Any stock options with respect to which the per share exercise price was equal to or greater than the per share Merger Consideration was canceled in exchange for no consideration.