Cheryl Cook - Nov 22, 2024 Form 4 Insider Report for ARC DOCUMENT SOLUTIONS, INC. (ARC)

Role
Director
Signature
/s/ Tracey Luttrell, Attorney-in-Fact
Stock symbol
ARC
Transactions as of
Nov 22, 2024
Transactions value $
-$503,941
Form type
4
Date filed
11/22/2024, 07:52 PM
Previous filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARC Common Stock Disposed to Issuer -$504K -148K -80.58% $3.40 35.7K Nov 22, 2024 Direct F1, F2, F3
transaction ARC Common Stock Disposed to Issuer -35.7K -100% 0 Nov 22, 2024 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Represents securities disposed of under the Agreement and Plan of Merger (as amended, the 'Merger Agreement') dated August 27, 2024, by and among ARC Document Solutions, Inc. (the 'Company') TechPrint Holdings, LLC ('Parent'), TechPrint Merger Sub, Inc. ('Merger Sub'), under which Merger Sub merged with and into the Company (the 'Merger'), with the Company surviving as the surviving corporation ('Surviving Corporation') in the Merger.
F2 At the effective time of the Merger (the 'Effective Time'), each of these issued and outstanding shares of common stock of the Company ('Shares') was cancelled and converted into the right to receive $3.40 (the 'Merger Consideration') in cash without interest thereon.
F3 Represents unvested restricted stock which, under the Merger Agreement, at the Effective Time, were cancelled and converted into the right to receive a cash payment equal to the product of (i) the number of unvested Shares covered thereby multiplied by (ii) the Merger Consideration, less applicable taxes and authorized deductions.