Form 4: Everi Holdings Director Disposes of Shares and RSUs Following Merger Completion

Maureen T. Mullarkey, a director of Everi Holdings Inc., has reported the disposition of common stock and restricted stock units (RSUs) as Everi became a wholly-owned subsidiary of Voyager Parent, LLC at a cash consideration of $14.25 per share.

Summary

• Maureen T. Mullarkey, a director of Everi Holdings Inc. (EVRI), reported changes in her beneficial ownership following a significant corporate transaction.
• On July 1, 2025, Everi Holdings Inc. became a wholly-owned subsidiary of Voyager Parent, LLC, as part of a Proposed Transaction outlined in a Merger Agreement dated July 26, 2024, involving International Game Technology PLC (IGT) and its subsidiaries.
• At the Effective Time of the merger, each share of Everi's common stock held by the reporting person was converted into the right to receive $14.25 in cash consideration.
• Maureen T. Mullarkey disposed of 10,000 shares of Common Stock at a price of $14.25 per share.
• Additionally, all outstanding Restricted Stock Units (RSUs) held by the reporting person were canceled and converted into a cash payment equal to $14.25 multiplied by the number of shares underlying each RSU, subject to original vesting terms.
• The disposed RSUs include multiple grants totaling 95,764 units (17,687, 12,646, 18,571, 8,860, 7,600, 9,200, 10,700, 10,500 units).
• The total cash received by Maureen T. Mullarkey from the disposition of common stock and RSUs amounts to approximately $1,507,272 (10,000 shares * $14.25 + 95,764 RSUs * $14.25).

Sentiment

Score: 7

Explanation: The document reports the successful completion of a merger and the cash conversion of a director's equity holdings, indicating a positive outcome for the reporting individual and the finalization of a strategic corporate event.

Positives

• The reporting person received cash consideration for all her common stock and restricted stock units, indicating a successful liquidity event for her holdings.
• The merger transaction, which led to the disposition, has been completed, providing certainty regarding the company's future ownership structure.

Future Outlook

Everi Holdings Inc. has become a wholly-owned subsidiary of Voyager Parent, LLC, effectively ceasing to be a publicly traded entity. The future outlook for the former public company will now be determined by its new parent company.

Industry Context

This transaction represents a significant consolidation event within the gaming technology sector, with Everi Holdings Inc., a provider of gaming and financial technology products, being acquired by a subsidiary of International Game Technology PLC (IGT), a global leader in gaming.

Stakeholder Impact

• Shareholders of Everi Holdings Inc. received $14.25 per share in cash, providing liquidity for their investment.
• The company's status as a public entity has ceased, impacting its former public shareholders and potentially its corporate governance structure under new ownership.

Key Dates

Keywords

Everi Holdings, EVRI, International Game Technology, IGT, Merger, Acquisition, Form 4, Insider Transaction, Director, Stock Disposition, Restricted Stock Units, Cash Consideration, Corporate Governance