Rajeev K. Aggarwal - 15 Jun 2023 Form 4 Insider Report for CVENT HOLDING CORP.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
20 Jun 2023, 18:17:38 UTC
Prior SEC filing
12 Jun 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kevin Frank, Attorney-in-fact for Rajeev K. Aggarwal

Key filing fact

Rajeev K. Aggarwal filed Form 4 for CVENT HOLDING CORP. on 20 Jun 2023.

Key facts

  • This page summarizes Rajeev K. Aggarwal's Form 4 filing for CVENT HOLDING CORP..
  • 8 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 20 Jun 2023, 18:17.

Change

  • Previous filing in this sequence was filed on 12 Jun 2023.
  • Current net transaction value: -$86,236,631.

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.

CVT transaction

Common Stock

Other

Transaction value
Shares
-705,883
Change %
-6.5%
Price
Shares after
10,145,486
Date
15 Jun 2023
Ownership
Direct
Footnotes
F1, F2
CVT transaction

Common Stock

Disposed to Issuer

Transaction value
$86,236,631
Shares
-10,145,486
Change %
-100%
Price
$8.50
Shares after
0
Date
15 Jun 2023
Ownership
Direct
Footnotes
F1, F3
CVT transaction

Common Stock

Other

Transaction value
Shares
-2,249,957
Change %
-100%
Price
Shares after
0
Date
15 Jun 2023
Ownership
By Reggie and Dharini Aggarwal Irrevocable Trust (2011)
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CVT transaction Derivative

Stock Option (Right to Buy)

Other

Transaction value
Shares
-1,103,528
Change %
-12%
Price
Shares after
7,977,985
Date
15 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,103,528
Exercise price
$3.66
Footnotes
F1, F4
CVT transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-7,977,985
Change %
-100%
Price
Shares after
0
Date
15 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,977,985
Exercise price
$3.66
Footnotes
F5, F6
CVT transaction Derivative

Stock Option (Right to Buy)

Other

Transaction value
Shares
-136,141
Change %
-100%
Price
Shares after
0
Date
15 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
136,141
Exercise price
$3.66
Footnotes
F1, F4
CVT transaction Derivative

Stock Option (Right to Buy)

Other

Transaction value
Shares
-4,051,556
Change %
-100%
Price
Shares after
0
Date
15 Jun 2023
Ownership
By Reggie and Dharini Aggarwal Irrevocable Trust (2011)
Underlying class
Common Stock
Underlying amount
4,051,556
Exercise price
$5.07
Footnotes
F1, F4
CVT transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-1,885,820
Change %
-100%
Price
Shares after
0
Date
15 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,885,820
Exercise price
$8.05
Footnotes
F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Rajeev K. Aggarwal is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

Pursuant to that certain Agreement and Plan of Merger, dated as of March 14, 2023 (the "Merger Agreement"), by and among the Issuer, Capstone Borrower, Inc. ("Parent"), and Capstone Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly-owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of the Issuer's common stock that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $8.50 per share in cash, without interest (the "Merger Consideration").

Footnote F2

Pursuant to the Management Rollover Agreements (the "Rollover Agreements") between Capstone TopCo, Inc. ("Topco") and each of the Reporting Person and an entity that held shares of common stock indirectly owned by the Reporting Person, each dated June 13, 2023, the Reporting Person contributed these shares to Topco in exchange for a number of TopCo securities calculated in accordance with the Rollover Agreement.

Footnote F3

The shares of the Issuer's common stock reported as disposed by the Reporting Person include restricted stock units ("RSUs") of the Issuer which, pursuant to the Merger Agreement, were automatically cancelled 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 Merger Consideration and (b) the total number of shares of the Issuer's common stock subject to such RSUs as of immediately prior to the Effective Time (the "Cash Replacement RSU Amounts"). The Cash Replacement RSU Amounts will, subject to the Reporting Person's continued service through the applicable vesting dates, vest and be payable at the same time as the RSU awards for which the Cash Replacement RSU Amounts were exchanged would have vested pursuant to their terms.

Footnote F4

Pursuant to the Rollover Agreements between TopCo and each of the Reporting Person and an entity that held shares of common stock indirectly owned by the Reporting Person, each dated June 13, 2023, the Reporting Person contributed the shares of common stock underlying vested options of the Issuer to Topco in exchange for a number of TopCo securities calculated in accordance with the Rollover Agreement.

Footnote F5

Pursuant to the Merger Agreement, at the Effective Time, (i) the vested portion of this option (the "Vested Options") was automatically cancelled 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 the Issuer's common stock subject to such Vested Option as of immediately prior to the Effective Time and (b) the excess, if any, of the Merger Consideration over the per share exercise price of such Vested Options, and (ii) the unvested portion of this option (the "Unvested Options") was automatically cancelled 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 Issuer's common stock subject to such Unvested Options as of immediately prior to the Effective Time and (b) the excess, if any,

Footnote F6

(Continued from Footnote 5) of the Merger Consideration over the per share exercise price of such Unvested Options (the "Cash Replacement Option Amounts"). The Cash Replacement Option Amounts will, subject to the holder's continued service through the applicable vesting dates, vest and be payable at the same time as the Unvested Options for which the Cash Replacement Option Amounts were exchanged would have vested pursuant to their terms.

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