Jim Frankola - 15 Jun 2023 Form 4 Insider Report for CVENT HOLDING CORP.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 15 Jun 2023
Net transaction value: -$1,057,442
SEC form: 4
Accepted by SEC: 20 Jun 2023, 18:26:46 UTC
Prior SEC filing: 12 Jun 2023
Next SEC filing: 13 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Kevin Frank, attorney-in-fact for Jim Frankola

Key filing fact

Jim Frankola filed Form 4 for CVENT HOLDING CORP. on 20 Jun 2023.

Key facts

This page summarizes Jim Frankola's Form 4 filing for CVENT HOLDING CORP..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 20 Jun 2023, 18:26.

Change

Previous filing in this sequence was filed on 12 Jun 2023.
Current net transaction value: -$1,057,442.

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.

CVT transaction

Common Stock

Disposed to Issuer

Transaction value: $396,142
Shares: -46,605
Change %: -100%
Price: $8.50
Shares after: 0
Date: 15 Jun 2023
Ownership: Direct
Footnotes: F1, F2

CVT transaction

Common Stock

Disposed to Issuer

Transaction value: $661,300
Shares: -77,800
Change %: -100%
Price: $8.50
Shares after: 0
Date: 15 Jun 2023
Ownership: By Frankola Revocable Trust UA September 12, 2011, Jim and Pam Frankola TRS
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Jim Frankola is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Pursuant to that certain Agreement and Plan of Merger, dated as of March 14, 2023 (the "Merger Agreement"), by and among the Issuer, Capstone Borrower, Inc. ("Parent"), and Capstone Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly-owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of the Issuer's common stock that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $8.50 per share in cash, without interest (the "Merger Consideration").

Footnote F2

The shares of the Issuer's common stock reported as disposed by the Reporting Person include restricted stock units ("RSUs") of the Issuer which, pursuant to the Merger Agreement, were, at the Effective Time, automatically cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (a) Merger Consideration and (b) the number of shares of the Issuer's common stock subject to such RSUs as of immediately prior to the Effective Time.