Key facts
- This page summarizes Matthew Krepsik's Form 4 filing for Quotient Technology Inc..
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 07 Sep 2023, 16:18.
Matthew Krepsik - 05 Sep 2023 Form 4 Insider Report for Quotient Technology Inc.
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 05 Sep 2023
- Net transaction value
- -$8,305,852
- SEC form
- 4
- Accepted by SEC
- 07 Sep 2023, 16:18:21 UTC
- Prior SEC filing
- 03 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Connie Chen, Attorney-in-Fact for Matthew Krepsik
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Matthew Krepsik filed Form 4 for Quotient Technology Inc. on 07 Sep 2023.
Change
- Previous filing in this sequence was filed on 03 Aug 2023.
- Current net transaction value: -$8,305,852.
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.
QUOT
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +758,652
- Change %
- +58%
- Price
- $0.000000
- Shares after
- 2,076,463
- Date
- 05 Sep 2023
- Ownership
- Direct
- Footnotes
- F1, F2
QUOT
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $8,305,852
- Shares
- -2,076,463
- Change %
- -100%
- Price
- $4.00
- Shares after
- 0
- Date
- 05 Sep 2023
- Ownership
- Direct
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Matthew Krepsik 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, dated as of June 20, 2023 (the "Merger Agreement"), by and among the Issuer, CB Neptune Holdings, LLC, a Delaware limited liability company ("Parent"), and NRS Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), effective September 5, 2023, among other things, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Merger").
Footnote F2
Pursuant to the Merger Agreement, the performance-vesting conditions of each Issuer performance stock unit ("PSU") outstanding was deemed achieved as of immediately prior to the effective time of the Merger (the "Effective Time") at 100% of the target level of performance.
Footnote F3
Pursuant to the Merger Agreement, at the Effective Time, each outstanding, non-dissenting share of the Issuer's common stock ("Common Stock"), each Issuer PSU outstanding as of immediately prior to the Effective Time, and each Issuer restricted stock unit ("RSU") outstanding as of immediately prior to the Effective Time automatically converted into the right to receive $4.00 in cash, without interest thereon and subject to applicable withholding taxes.
SEC remarks
Pursuant to the Merger Agreement, at the Effective Time, each Issuer stock option outstanding immediately prior to the Effective Time, whether vested or unvested, automatically converted into the right to receive an amount in cash, without interest thereon and subject to applicable withholding taxes, equal to the product of (a) the number of shares of Common Stock subject to such stock option as of immediately prior to the Effective Time and (b) the excess, if any, $4.00 over the exercise price per share of such stock option. Each Issuer stock option with an exercise price per share equal to or greater than $4.00 per share price was cancelled without any action on the part of the holder and without any cash payment being made in respect thereof and, accordingly, such cancellation is exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) thereunder.