Key facts
- This page summarizes Marc DeBevoise's Form 4 filing for BRIGHTCOVE INC.
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 04 Feb 2025, 17:01.
Marc DeBevoise - 04 Feb 2025 Form 4 Insider Report for BRIGHTCOVE INC
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 04 Feb 2025
- Net transaction value
- -$8,097,981
- SEC form
- 4
- Accepted by SEC
- 04 Feb 2025, 17:01:15 UTC
- Prior SEC filing
- 20 Dec 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Christopher Keenan, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Marc DeBevoise filed Form 4 for BRIGHTCOVE INC on 04 Feb 2025.
Change
- Previous filing in this sequence was filed on 20 Dec 2024.
- Current net transaction value: -$8,097,981.
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.
BCOV
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $8,097,981
- Shares
- -1,819,771
- Change %
- -100%
- Price
- $4.45
- Shares after
- 0
- Date
- 04 Feb 2025
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Marc DeBevoise is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
This Form 4 reports securities transacted pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated November 24, 2024 by and among the Issuer, Bending Spoons US Inc., a Delaware corporation ("Parent"), Bending Spoons S.p.A., an Italian societa per azioni (solely for the purposes of Section 6.11, Section 6.13 and Section 9.15 of the Merger Agreement), and Blossom Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Bending Spoons ("Merger Sub"). On February 4, 2025 (the "Effective Time"), Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as a wholly-owned subsidiary of Parent.
Footnote F2
Pursuant to the terms of the Merger Agreement, at the Effective Time, each outstanding share of Issuer common stock, par value $0.001 per share (the "Issuer Common Stock") was cancelled and automatically converted into the right to receive $4.45 in cash, without interest (the "Merger Consideration").
Footnote F3
Includes (i) 500,000 restricted stock units previously subject to performance-based vesting conditions ("PSUs") and (ii) 891,341 restricted stock units previously subject to time-based vesting conditions (together with the PSUs, the "RSUs"). Each RSU represented the contingent right to receive one share of Issuer Common Stock upon vesting and settlement. Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each outstanding RSU (whether vested or unvested) was cancelled and extinguished in exchange for the right to receive an amount in cash (without interest and subject to any applicable withholding or other taxes) equal to the product of (i) the Merger Consideration payable with respect to such RSU multiplied by (ii) the aggregate number of shares of Issuer Common Stock subject to such RSU immediately prior to the Effective Time ("RSU Consideration").
Footnote F4
(Continued from footnote 3) With respect to each PSU, the holder thereof was entitled to RSU Consideration only to the extent the PSU became vested in accordance with its terms at or prior to the Effective Time. At the Effective Time, the PSUs were unvested.