Form 4: Director Shannon Warren Exits Cantaloupe Following Merger

Director Shannon Warren reports the disposal of all equity holdings in Cantaloupe, Inc. following the company's acquisition by 365 Retail Markets.

Summary

• Director Shannon Warren disposed of 78,319 shares of common stock.
• Director Shannon Warren disposed of 19,157 restricted stock units (RSUs).
• Director Shannon Warren disposed of 120,000 stock options.
• All holdings were canceled and converted into cash as part of the merger with 365 Retail Markets, LLC.
• The merger consideration was set at $11.20 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final equity liquidation of a director following a completed merger.

Positives

• Shareholders received a cash payout of $11.20 per share upon the completion of the merger.

Negatives

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

Risks

• The company 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 further forward-looking guidance is provided.

Management Comments

• The transactions reported were executed pursuant to the Agreement and Plan of Merger dated June 15, 2025.

Industry Context

StockSavvy.ai notes that this filing marks the final stage of the consolidation of Cantaloupe, Inc. into 365 Retail Markets, reflecting ongoing M&A activity within the automated retail and payment technology sectors.

Comparison to Industry Standards

• The acquisition price of $11.20 per share represents the final valuation agreed upon by the parties involved in the merger process.

Legal Proceedings

• None mentioned.

Related Party Transactions

• None mentioned.

Stakeholder Impact

• Shareholders have had their equity converted to cash at the agreed merger price.

Next Steps

• Finalization of all merger-related equity conversions.

Key Dates

Keywords

Cantaloupe, CTLP, Merger, Acquisition, Form 4, Insider Transaction