Key facts
- This page summarizes Suaad H. Sait's Form 4 filing for SharpSpring, Inc..
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 Sep 2021, 15:55.
Suaad H. Sait - 01 Sep 2021 Form 4 Insider Report for SharpSpring, Inc.
- Reporting relationship
- President
- Issuer ticker
- N/A
- Reported as of
- 01 Sep 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Sep 2021, 15:55:49 UTC
- Prior SEC filing
- 11 May 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Suaad Sait
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Suaad H. Sait filed Form 4 for SharpSpring, Inc. on 03 Sep 2021.
Change
- Previous filing in this sequence was filed on 11 May 2021.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SHSP
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- 0
- Change %
- Price
- Shares after
- 0
- Date
- 01 Sep 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SHSP
transaction
Derivative
Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -125,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Sep 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 125,000
- Exercise price
- $16.50
- Footnotes
- F2
SHSP
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $0
- Shares
- -125,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Sep 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 125,000
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Suaad H. Sait is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated June 21, 2021, by and among the registrant, Constant Contact, Inc. ("Parent"), a Delaware corporation, and Groove Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("MergerSub"), as of the effective time of the merger of Merger Sub with and into the registrant (the "Merger"), these shares of the registrant's common stock were canceled and converted to the right to receive $17.10 in cash per share (the "Per Share Merger Consideration").
Footnote F2
Pursuant to the Merger Agreement, each vested stock option was canceled, and the holder is entitled to receive a payment in cash, without interest, equal to the product of (i) the total number of shares subject to the canceled stock option and (ii) the excess, if any, of (A) the Per Share Merger Consideration over (B) the exercise price per share subject to the cancelled company stock option.
Footnote F3
Represents restricted stock units previously granted to the reporting person pursuant to the registrant's time-based restricted stock unit award program on May 1, 2021.