Key facts
- This page summarizes Charles Wert's Form 4 filing for GTY Technology Holdings Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 07 Jul 2022, 16:33.
Charles Wert - 07 Jul 2022 Form 4 Insider Report for GTY Technology Holdings Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 07 Jul 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Jul 2022, 16:33:59 UTC
- Prior SEC filing
- 27 Aug 2021
- Next SEC filing
- 29 Sep 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jon C. Bourne, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Charles Wert filed Form 4 for GTY Technology Holdings Inc. on 07 Jul 2022.
Change
- Previous filing in this sequence was filed on 27 Aug 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.
GTYH
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -122,557
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 07 Jul 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GTYH
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -17,931
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 07 Jul 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 17,931
- 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
Charles Wert 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
On July 7, 2022, pursuant to the agreement and plan of merger by and among the issuer, GI Georgia Midco, Inc. ("Parent") and GI Georgia Merger Sub Inc. ("Merger Sub"), dated as of April 28, 2022 (the "merger agreement"), Merger Sub merged with and into the issuer (the "merger"), with the issuer surviving the merger as a wholly owned subsidiary of Parent. Pursuant to the merger agreement, at the effective time of the merger, the shares of the issuer's common stock converted into the right to receive $6.30 per share in cash (the "merger consideration").
Footnote F2
Each restricted stock unit ("RSU") represented a contingent right to receive one share of the issuer's common stock.
Footnote F3
These RSUs (i) would have vested on August 26, 2022, subject to the reporting person's continuing service as a director of the issuer at such time and (ii) could have been settled in shares of the issuer's common stock or cash. Pursuant to the merger agreement, these RSUs, which provided for vesting within 12 months following the effective time of the merger, were cancelled and converted into the right to receive the merger consideration per underlying share.