Aaron Coley - Apr 1, 2024 Form 4 Insider Report for Daseke, Inc. (DSKE)

Signature
/s/ Soumit Roy, as attorney-in-fact
Stock symbol
DSKE
Transactions as of
Apr 1, 2024
Transactions value $
-$797,331
Form type
4
Date filed
4/1/2024, 05:08 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSKE Common Stock Disposed to Issuer -$797K -96.1K -100% $8.30 0 Apr 1, 2024 Direct F1, F2

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 DSKE Restricted Stock Unit Disposed to Issuer -30.5K -19.99% 122K Apr 1, 2024 Common Stock 30.5K Direct F1, F3, F4, F5
transaction DSKE Restricted Stock Unit Disposed to Issuer -113K -92.19% 9.52K Apr 1, 2024 Common Stock 113K Direct F1, F3, F5, F6
transaction DSKE Restricted Stock Unit Disposed to Issuer -9.52K -100% 0 Apr 1, 2024 Common Stock 9.52K Direct F1, F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Aaron Coley 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 December 22, 2023 (the "Merger Agreement"), by and among the Issuer, TFI International Inc., a corporation incorporated pursuant to the Canada Business Corporations Act ("Parent"), and Diocletian MergerCo, Inc., a Delaware corporation and an indirect, wholly owned subsidiary of Parent ("Acquisition Sub"), Acquisition Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as an indirect, wholly owned subsidiary of Parent.
F2 At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each share of common stock, par value $0.0001 per share, of the Issuer ("common stock") that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $8.30 in cash (the "Merger Consideration"), without interest and less any applicable withholding taxes.
F3 Prior to the Effective Time, each restricted stock unit ("RSU") represented a contingent right to receive one share of common stock.
F4 On October 28, 2022, the Reporting Person received 45,714 RSUs (15,236 of which vested on March 1, 2024, 15,236 of which are scheduled to vest on March 1, 2025 and 15,242 of which are scheduled to vest on March 1, 2026).
F5 At the Effective Time, the Reporting Person's unvested RSUs were automatically canceled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (a) the number of shares of common stock subject to such RSUs and (b) the Merger Consideration.
F6 On October 28, 2022, the Reporting Person received 225,000 RSUs (112,500 of which vested on October 28, 2023 and 112,500 of which are scheduled to vest on October 28, 2024).
F7 On August 18, 2023, the Reporting Person received 9,524 RSUs (3,174 of which are scheduled to vest on July 1, 2024; 3,174 of which are scheduled to vest on March 1, 2025; and 3,176 of which are scheduled to vest on March 1, 2026).