Form 4: Jamf CEO Disposes Shares in $13.05/Share Merger

Jamf Holding Corp. CEO John Strosahl reports disposition of common stock and derivative securities following the company's merger at $13.05 per share.

Summary

• Reporting Person John Strosahl, CEO and Director of Jamf Holding Corp. (JAMF), reported changes in beneficial ownership.
• The changes occurred due to the merger of Jamf Holding Corp. into Jawbreaker Merger Sub, Inc., with Jamf becoming a wholly-owned subsidiary of Jawbreaker Parent, Inc.
• At the effective time of the merger, each outstanding share of Jamf common stock was automatically cancelled, extinguished, and converted into the right to receive $13.05 per share in cash.
• Strosahl disposed of 1,480,451 shares of common stock at $13.05 per share.
• 1,162,206 unvested restricted stock units (RSUs) were cancelled and converted into cash awards, payable upon continued service through original vesting dates, based on the $13.05 per share price.
• Stock options for 121,000 shares (exercise price $5.49) and 123,750 shares (exercise price $8.21) were cancelled and converted into cash based on the difference between the $13.05 per share price and their respective exercise prices.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive outcome for the reporting person, as their equity holdings were successfully converted into cash at a predetermined value following the merger. For former public shareholders, it represents a successful exit at the agreed acquisition price.

Positives

• The merger provides a definitive cash payout of $13.05 per share to former shareholders.
• The CEO's unvested RSUs and stock options were converted into cash awards, providing liquidity and value realization.

Negatives

• Jamf Holding Corp. is no longer a publicly traded entity, removing investment opportunities in its equity.

Future Outlook

NA. This filing reports a completed transaction, and Jamf Holding Corp. is now a wholly-owned subsidiary, no longer publicly traded.

Industry Context

StockSavvy.ai notes that this merger signifies a consolidation within the software or technology sector, where private equity or larger entities acquire established players. Such transactions often reflect a mature stage for the acquired company or a strategic move by the acquirer to expand market share or technology offerings.

Stakeholder Impact

• Shareholders: Former public shareholders received a cash payout of $13.05 per share, and Jamf Holding Corp. is no longer publicly traded.
• Employees (including reporting person): Unvested RSUs were converted into cash awards, subject to continued service, providing a retention incentive.

Next Steps

• Continued service by the reporting person for the vesting and payment of Converted Cash Awards.

Key Dates

Keywords

Jamf Holding Corp., JAMF, Merger, Acquisition, Form 4, Beneficial Ownership, CEO, Stock Options, Restricted Stock Units, Cash Payout