Coretha M. Rushing - Jan 24, 2023 Form 4 Insider Report for Benefitfocus, Inc. (BNFT)

Role
Director
Signature
/s/ S. Halle Vakani, Attorney-in-Fact
Stock symbol
BNFT
Transactions as of
Jan 24, 2023
Transactions value $
$0
Form type
4
Date filed
1/25/2023, 06:15 PM
Previous filing
Nov 3, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNFT Common Stock Disposed to Issuer -29.9K -100% 0 Jan 24, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Coretha M. Rushing is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On January 24, 2023, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated November 1, 2022, by and among the Issuer, Voya Financial, Inc. ("Voya") and Origami Squirrel Acquisition Corp. (the "Merger Sub"), as amended, the Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly-owned subsidiary of Voya. Pursuant to the Merger Agreement, at the effective time of the Merger each share of the Issuer's common stock was exchanged for the Per Share Common Stock Merger Consideration of $10.50, without interest.