Bharat Rao - Jan 5, 2024 Form 4 Insider Report for Startek, Inc. (SRT)

Role
Global Chief Executive Officer, Director
Signature
/s/ Teri Scott, as attorney-in-fact
Stock symbol
SRT
Transactions as of
Jan 5, 2024
Transactions value $
$0
Form type
4
Date filed
1/5/2024, 02:49 PM
Previous filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRT Common Stock Disposed to Issuer -207K -100% 0 Jan 5, 2024 Tribus Capital Limited F1, F2
transaction SRT Common Stock Disposed to Issuer -274K -100% 0 Jan 5, 2024 Advance Crest Investments Limited F1, F3

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 -4.85K -100% 0 Jan 5, 2024 Common Stock 4.85K $6.44 Direct F4
transaction SRT Stock Options Disposed to Issuer -5.07K -100% 0 Jan 5, 2024 Common Stock 5.07K $6.54 Direct F4
transaction SRT Stock Options Disposed to Issuer -4.33K -100% 0 Jan 5, 2024 Common Stock 4.33K $8.02 Direct F4
transaction SRT Stock Options Disposed to Issuer -4.39K -100% 0 Jan 5, 2024 Common Stock 4.39K $8.39 Direct F4
transaction SRT Stock Options Disposed to Issuer -5.93K -100% 0 Jan 5, 2024 Common Stock 5.93K $6.39 Direct F4
transaction SRT Stock Options Disposed to Issuer -4.64K -100% 0 Jan 5, 2024 Common Stock 4.64K $8.14 Direct F4
transaction SRT Stock Options Disposed to Issuer -11.1K -100% 0 Jan 5, 2024 Common Stock 11.1K $3.31 Direct F4
transaction SRT Stock Options Disposed to Issuer -7.11K -100% 0 Jan 5, 2024 Common Stock 7.11K $5.06 Direct F4
transaction SRT Stock Options Disposed to Issuer -6.87K -100% 0 Jan 5, 2024 Common Stock 6.87K $5.23 Direct F4
transaction SRT Stock Options Disposed to Issuer -4.56K -100% 0 Jan 5, 2024 Common Stock 4.56K $7.83 Direct F4
transaction SRT Stock Options Disposed to Issuer -4.44K -100% 0 Jan 5, 2024 Common Stock 4.44K $7.84 Direct F4
transaction SRT Stock Options Disposed to Issuer -4.89K -100% 0 Jan 5, 2024 Common Stock 4.89K $7.12 Direct F4
transaction SRT Stock Options Disposed to Issuer -5.58K -100% 0 Jan 5, 2024 Common Stock 5.58K $6.25 Direct F4
transaction SRT Stock Options Disposed to Issuer -6.59K -100% 0 Jan 5, 2024 Common Stock 6.59K $5.26 Direct F4
transaction SRT Stock Options Disposed to Issuer -550K -100% 0 Jan 5, 2024 Common Stock 550K $5.75 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bharat Rao 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 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, in exchange for cash consideration of $4.30 per share of common stock of the Issuer (the "Merger Consideration") at the effective time of the merger.
F2 The Reporting Person is one-third owner of Tribus Capital Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein.
F3 The Reporting Person is a 50% owner of Advance Crest Investments Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein.
F4 Stock options of the Issuer were canceled in the merger in exchange for an amount in cash equal to the excess, if any, of the per share 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 cancelled in exchange for no consideration.
F5 These stock options, which were originally scheduled to vest in equal amounts on the last day of each quarter over four (4) years, with the first vesting date of April 30, 2022, became fully vested and were cancelled as a result of the merger, in exchange for no consideration.