Form 4: Nordstrom Inc. Completes Merger, Common Stock Delisted from NYSE

Mari Mowat Wolf reports the transfer of Nordstrom shares to Nordstrom Holdings, Inc. (Parent) following the completion of a merger, leading to the delisting of Nordstrom's common stock from the New York Stock Exchange.

Summary

• On May 20, 2025, Nordstrom, Inc. completed a merger with Navy Acquisition Co. Inc., a subsidiary of Nordstrom Holdings, Inc. (formerly Norse Holdings, Inc.).
• As a result of the merger, Nordstrom became a wholly-owned subsidiary of Parent.
• Mari Mowat Wolf, a member of a 10% owner group, reported the transaction.
• Wolf transferred 16,118 shares of Nordstrom common stock to Parent in exchange for newly issued shares of Parent's common stock.
• Following the merger, Nordstrom's common stock will be delisted from the New York Stock Exchange and deregistered under the Securities Exchange Act of 1934.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports the completion of a pre-planned merger and subsequent delisting. While delisting might be seen negatively by some investors, it's a standard outcome of this type of transaction.

Negatives

• Nordstrom's common stock will be delisted from the New York Stock Exchange as a result of the merger.

Future Outlook

The company will operate as a wholly-owned subsidiary of Nordstrom Holdings, Inc.

Industry Context

Mergers and acquisitions are common in the retail industry as companies seek to consolidate, expand market share, or restructure their operations. Delisting from major exchanges can be a consequence of such transactions.

Stakeholder Impact

• Shareholders who held Nordstrom common stock received shares of the parent company.
• Employees will continue under the new ownership structure.
• Customers should see little immediate change in operations.

Key Dates

Keywords

Merger, Nordstrom, Delisting, Common Stock, NYSE, Form 4, Beneficial Ownership