Form 4: SecureWorks Director Hawkins Reports Share Disposal Following Merger with Sophos Inc.

Director Mark J Hawkins reports the disposal of SecureWorks Corp shares following the company's merger with Sophos Inc., where shares were converted to cash at $8.50 per share.

Summary

• On February 3, 2025, SecureWorks Corp. merged with Sophos Inc.
• As a result of the merger, each share of Class A common stock was converted into the right to receive $8.50 in cash.
• Director Mark J Hawkins reported the disposal of 204,140 shares of Class A Common Stock due to this merger.
• Hawkins also had restricted stock units (RSUs) which were canceled and converted into a cash payment of $8.50 per share, less applicable tax withholdings.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports a transaction (merger and subsequent share disposal) without expressing positive or negative views.

Future Outlook

The document does not contain any forward-looking statements regarding the future outlook of the company, as it focuses on the completion of the merger.

Industry Context

The merger indicates a consolidation trend within the cybersecurity industry, where larger companies acquire smaller, specialized firms to expand their service offerings and market reach.

Stakeholder Impact

• Shareholders received $8.50 per share in cash as a result of the merger.
• Non-employee members of the Company's board of directors received a cash payment for their RSU awards.

Key Dates

Keywords

SecureWorks, Sophos, Merger, Hawkins, Share Disposal, Class A Common Stock, RSU, Director, SCWX