Form 4: Inari Medical Director Donald Milder Reports Acquisition by Stryker, Receives $80 Per Share

Director Donald Milder reports the acquisition of Inari Medical by Stryker Corporation, with each share of common stock converted to $80 in cash.

Summary

• On February 19, 2025, Inari Medical, Inc. was acquired by Stryker Corporation through a merger.
• Each outstanding share of Inari Medical common stock was converted into the right to receive $80 in cash.
• Donald Milder, a director of Inari Medical, reported the transaction on a Form 4 filing with the SEC.
• Milder held 259,126 shares of common stock directly and 2,831,714 shares indirectly through the Milder Community Property Trust.
• Additionally, Milder held 4,126 restricted stock units (RSUs), which were also converted into cash based on the merger consideration.

Sentiment

Score: 7

Explanation: The document reports a completed acquisition, which is generally a positive outcome for shareholders who receive a cash payout. The sentiment is neutral to positive as it reflects the completion of a significant corporate event.

Positives

• Shareholders received a cash payment of $80 per share, providing immediate liquidity.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

The acquisition of Inari Medical by Stryker Corporation reflects ongoing consolidation trends in the medical device industry, where larger companies acquire smaller, innovative firms to expand their product portfolios and market reach.

Comparison to Industry Standards

• Acquisitions in the medical device industry often involve a premium paid to the target company's shareholders.
• The $80 per share paid to Inari Medical shareholders would need to be compared to other recent acquisitions in the venous disease treatment space to assess its relative value.
• Comparable companies and projects would include other medical device firms specializing in thrombectomy and venous interventions.

Key Dates

Keywords

Inari Medical, Stryker Corporation, merger, acquisition, Donald Milder, Form 4, SEC, shareholder, RSU, common stock