Philip Irving Smith - 21 Apr 2023 Form 4 Insider Report for Trean Insurance Group, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 21 Apr 2023
Net transaction value: -$22,878
SEC form: 4
Accepted by SEC: 24 Apr 2023, 16:10:33 UTC
Prior SEC filing: 01 Mar 2023
Next SEC filing: 01 Jun 2023
Source filing: View source filing
Reporting owner signature: /s/ Patricia A. Ryan, attorney-in-fact

Key filing fact

Philip Irving Smith filed Form 4 for Trean Insurance Group, Inc. on 24 Apr 2023.

Key facts

This page summarizes Philip Irving Smith's Form 4 filing for Trean Insurance Group, Inc..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 24 Apr 2023, 16:10.

Change

Previous filing in this sequence was filed on 01 Mar 2023.
Current net transaction value: -$22,878.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TIG transaction

Common Stock

Disposed to Issuer

Transaction value: $22,878
Shares: -3,720
Change %: -100%
Price: $6.15
Shares after: 0
Date: 21 Apr 2023
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Philip Irving Smith is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated as of December 15, 2022 (the "Merger Agreement"), by and among Treadstone Parent Inc., a Delaware corporation ("Parent"), Treadstone Merger Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Parent, and Trean Insurance Group, Inc. (the "Company"), each share of common stock, par value $0.01 per share, of the Company ("Company Common Stock") was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to the per share merger consideration of $6.15. As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Company Common Stock.

Footnote F2

Includes 3,720 shares in respect of restricted stock units. In accordance with the terms of the Merger Agreement, each restricted stock unit award that was outstanding as of immediately prior to the effective time of the merger automatically became fully vested, was cancelled, and was converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the number of shares of Company Common Stock underlying such restricted stock unit award as of immediately prior to the effective time of the merger, and (ii) the per share merger consideration of $6.15.