Form 4: Premier Director Sells Shares in Merger

Premier, Inc. Director Jody R. Davids disposed of 21,033 shares of Class A Common Stock at $28.25 per share following the company's merger.

Summary

• Jody R. Davids, a Director of Premier, Inc. (PINC), reported the disposition of 21,033 shares of Class A Common Stock.
• The transaction occurred on November 25, 2025, at a price of $28.25 per share.
• This disposition was a direct result of the consummation of a merger agreement dated September 21, 2025.
• Under the merger, Premier, Inc. merged with Premium Merger Sub, Inc., a wholly-owned subsidiary of Premium Parent, LLC, becoming a wholly-owned subsidiary itself.
• Each outstanding share of Common Stock was cancelled and converted into the right to receive $28.25 in cash.
• The disposed shares included those underlying outstanding time-based vesting restricted stock unit (RSU) awards granted prior to August 16, 2025.
• These RSUs were cancelled and converted into a cash amount equal to the number of shares subject to the RSUs multiplied by the merger consideration, plus any accrued cash dividend equivalents.

Sentiment

Score: 7

Explanation: The filing reports a completed transaction where a director received cash for their equity holdings as part of a merger, indicating a successful and expected financial outcome for the insider.

Positives

• The director received cash consideration of $28.25 per share for all disposed shares and RSUs, totaling approximately $594,482.25, indicating a successful monetization of their equity holdings.
• The merger provided a clear cash exit for shareholders at a predetermined price.

Negatives

• The director no longer holds direct beneficial ownership in Premier, Inc. following the merger, as the company became a wholly-owned subsidiary.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Received $28.25 per share in cash for their Class A Common Stock.
• Employees (with RSUs): Received cash for their vested and unvested RSUs based on the merger consideration.
• Company: Premier, Inc. is now a wholly-owned subsidiary of Premium Parent, LLC, ceasing to be a publicly traded entity.

Key Dates

Keywords

Premier Inc, PINC, Merger, Insider Transaction, Form 4, Stock Sale, Director, Jody R Davids, Class A Common Stock, Restricted Stock Units