Dorlisa K. Flur - 23 Jul 2024 Form 4 Insider Report for HIBBETT INC

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 23 Jul 2024
Net transaction value: -$207,462
SEC form: 4
Accepted by SEC: 25 Jul 2024, 15:38:14 UTC
Prior SEC filing: 29 Mar 2024
Next SEC filing: 16 Aug 2024
Source filing: View source filing
Reporting owner signature: /s/ Dorlisa K. Flur

Key filing fact

Dorlisa K. Flur filed Form 4 for HIBBETT INC on 25 Jul 2024.

Key facts

This page summarizes Dorlisa K. Flur's Form 4 filing for HIBBETT INC.
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 25 Jul 2024, 15:38.

Change

Previous filing in this sequence was filed on 29 Mar 2024.
Current net transaction value: -$207,462.

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.

HIBB transaction

Common Stock

Gift

Transaction value: $0
Shares: -4,875
Change %: -67%
Price: $0.000000
Shares after: 2,371
Date: 23 Jul 2024
Ownership: Direct
Footnotes: F1

HIBB transaction

Common Stock

Options Exercise

Transaction value: $694,312
Shares: +7,935
Change %: +335%
Price: $87.50
Shares after: 10,306
Date: 25 Jul 2024
Ownership: Direct
Footnotes: F1

HIBB transaction

Common Stock

Disposed to Issuer

Transaction value: $901,775
Shares: -10,306
Change %: -100%
Price: $87.50
Shares after: 0
Date: 25 Jul 2024
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

HIBB transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,935
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 25 Jul 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,935
Exercise price: $0.000000
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Dorlisa K. Flur 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 April 23, 2024 (the Merger Agreement), by and among Hibbett, Inc., a Delaware corporation (the Company), Genesis Holdings, Inc., an Indiana corporation (Parent), Steps Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (Merger Sub) and, solely for purposes of certain provisions specified therein, JD Sports Fashion plc, a company incorporated under the laws of England and Wales and the ultimate parent company of Parent and Merger Sub, each share of common stock, par value $0.01 per share, of the Company (Company Common Stock) was converted into the right to receive $87.50 in cash, without interest.

Footnote F2

Includes 9,583 restricted stock units. In accordance with the terms of the Merger Agreement, each Vested Company RSU Award (as defined in the Merger Agreement) that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (1) the number of shares of Company Common Stock then underlying such restricted stock unit award as of immediately prior to the effective time of the merger, and (2) the per share merger consideration of $87.50.

Footnote F3

Restricted stock units have no excercisable or expiration date.