Form 4: Cantaloupe CEO Ravi Venkatesan Reports Final Equity Exit

CEO Ravi Venkatesan reports the disposal of all remaining equity and derivative holdings in Cantaloupe, Inc. following the company's acquisition by 365 Retail Markets.

Summary

• Reporting person Ravi Venkatesan, CEO of Cantaloupe, Inc., disposed of all direct beneficial ownership of common stock and derivative securities.
• The transaction occurred on May 8, 2026, in connection with the merger of Cantaloupe, Inc. into a subsidiary of 365 Retail Markets, LLC.
• Common stock holdings totaling 149,727 shares and 43,391 restricted stock units were converted into cash at a merger consideration of $11.20 per share.
• Three tranches of non-qualified stock options totaling 1,300,000 shares were canceled in exchange for cash payments based on the spread between the $11.20 merger price and the respective exercise prices.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final exit of an executive following a completed corporate acquisition.

Positives

• The reporting person successfully liquidated all equity positions at the established merger consideration of $11.20 per share.
• All outstanding in-the-money options were fully vested and cashed out as part of the merger agreement.

Negatives

• The reporting person no longer holds any equity interest in the issuer following the completion of the merger.

Risks

• The issuer, Cantaloupe, Inc., has ceased to be an independent publicly traded entity following the merger.

Future Outlook

The company has been acquired by 365 Retail Markets, LLC, and is no longer an independent public entity; therefore, no future guidance is provided.

Industry Context

StockSavvy.ai notes that this filing marks the final administrative step in the consolidation of the automated retail and payments technology sector, as Cantaloupe, Inc. is absorbed into 365 Retail Markets.

Comparison to Industry Standards

• The merger consideration of $11.20 represents the final valuation for shareholders in the context of the 365 Retail Markets acquisition.
• The treatment of equity and options follows standard change-of-control provisions typical in private equity-backed acquisitions of public technology firms.

Stakeholder Impact

• Shareholders have received the cash merger consideration of $11.20 per share.
• The reporting person has exited their position in the company.

Next Steps

• Finalization of all merger-related payouts to shareholders and option holders.

Key Dates

Keywords

Cantaloupe, CTLP, Merger, Acquisition, Form 4, Insider Transaction, 365 Retail Markets