Form 4: ODP Corp Executive Sells Shares in $28/Share Merger

ODP Corp's EVP, Chief HR Officer, Zoe Maloney, disposed of common stock and unvested RSUs at $28 per share following the company's merger with ACR Ocean Resources LLC.

Summary

• Zoe Maloney, Executive Vice President and Chief HR Officer of ODP Corp, reported the disposal of common stock and unvested restricted stock units (RSUs).
• The transactions occurred on December 10, 2025, pursuant to a merger agreement dated September 22, 2025.
• ODP Corporation merged with Vail Holdings 1, Inc., a subsidiary of ACR Ocean Resources LLC, resulting in ODP Corp becoming a wholly-owned subsidiary of ACR Ocean Resources LLC.
• Each share of ODP Corp common stock held by the reporting person was converted into the right to receive $28.00 in cash, net of applicable withholding taxes.
• Unvested RSUs were cancelled and converted into a cash amount equal to the merger consideration multiplied by the number of shares subject to the RSU, plus any accrued dividends, subject to original vesting terms.
• Maloney disposed of 35,253 shares of common stock at $28 per share.
• Maloney's 34,925 unvested RSUs were converted to cash at $28 per share equivalent.
• Following these transactions, Maloney's beneficial ownership of ODP Corp common stock is 0 shares.

Sentiment

Score: 7

Explanation: The filing reports the completion of a merger where ODP Corp shareholders received a fixed cash consideration, providing a clear and definitive exit for investors at the agreed-upon price.

Positives

• Shareholders, including the reporting person, received a definitive cash payout of $28.00 per share, providing a clear exit value.
• The completion of the merger eliminates uncertainty regarding the company's future ownership and valuation for former public shareholders.

Negatives

• ODP Corp is no longer a publicly traded entity, removing future investment opportunities in the company's equity for public market investors.
• Former shareholders will not participate in any potential future upside or growth of the company as a private entity.

Future Outlook

ODP Corp is now a wholly-owned subsidiary of ACR Ocean Resources LLC and is no longer publicly traded. The filing does not provide a future outlook for the private entity.

Industry Context

This filing reports a specific corporate transaction (merger completion) and an insider's related disposal of securities. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Received $28.00 per share in cash for their common stock, concluding their investment in the public entity.
• Employees (including reporting person): Unvested RSUs were converted to cash equivalents, subject to original vesting terms, providing liquidity for their equity compensation.

Key Dates

Keywords

ODP Corp, ODP, Merger, Form 4, Insider Transaction, Zoe Maloney, ACR Ocean Resources, Restricted Stock Units, Cash Merger