Yuneeb U. Khan - 05 Sep 2023 Form 4 Insider Report for Quotient Technology Inc.

Reporting relationship: CFO & COO
Issuer ticker: N/A
Reported as of: 05 Sep 2023
Net transaction value: -$8,724,692
SEC form: 4
Accepted by SEC: 07 Sep 2023, 16:36:51 UTC
Prior SEC filing: 03 Aug 2023
Source filing: View source filing
Reporting owner signature: /s/ Connie Chen, Attorney-in-Fact for Yuneeb U. Khan

Key filing fact

Yuneeb U. Khan filed Form 4 for Quotient Technology Inc. on 07 Sep 2023.

Key facts

This page summarizes Yuneeb U. Khan's Form 4 filing for Quotient Technology Inc..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 07 Sep 2023, 16:36.

Change

Previous filing in this sequence was filed on 03 Aug 2023.
Current net transaction value: -$8,724,692.

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.

QUOT transaction

Common Stock

Award

Transaction value: $0
Shares: +404,191
Change %: +23%
Price: $0.000000
Shares after: 2,181,173
Date: 05 Sep 2023
Ownership: Direct
Footnotes: F1, F2

QUOT transaction

Common Stock

Disposed to Issuer

Transaction value: $8,724,692
Shares: -2,181,173
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

Yuneeb U. Khan 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, 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.