Form 4: Carl Vogel Reports Disposition of Sirius XM Holdings Inc. Securities Following Merger
SEC Form 4
Carl Vogel, a director of Sirius XM Holdings Inc., reported the disposition of common stock and stock options following the merger of Radio Merger Sub, LLC with Sirius XM.
Summary
- Carl Vogel, a director of Sirius XM Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposition of 282,863 shares of common stock at a price of $0.00 due to the merger of Radio Merger Sub, LLC with and into Old Sirius XM.
- The merger involved an exchange rate of ten shares of Old Sirius XM common stock for one share of New Sirius XM common stock.
- Vogel also reported the disposition of stock options with exercise prices of $4.61, $3.65, $3.71, and $6.81.
- These options related to 36,600, 76,100, 79,500, and 24,700 shares of common stock, respectively.
- Following the merger, New Sirius XM changed its name to Sirius XM Holdings Inc., and Old Sirius XM changed its name to Sirius XM Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction related to a corporate merger; it is neutral in sentiment.
Industry Context
This filing reflects the impact of corporate restructuring (merger) on the holdings of a company director, which is a common occurrence in the business world.
Stakeholder Impact
- Shareholders experienced a share conversion as part of the merger.
- Employees may have seen changes in their stock option plans due to the merger.
Key Dates
| Date | Description |
|---|---|
| 12/11/2023 | Date of the Agreement and Plan of Merger. |
| 05/20/2016 | Date of exercisable for stock options. |
| 05/25/2017 | Date of exercisable for stock options. |
| 05/19/2018 | Date of exercisable for stock options. |
| 06/05/2019 | Date of exercisable for stock options. |
| 05/20/2025 | Expiration date for stock options. |
| 05/25/2026 | Expiration date for stock options. |
| 05/19/2027 | Expiration date for stock options. |
| 06/05/2028 | Expiration date for stock options. |
| 09/09/2024 | Date of the earliest transaction (merger). |
| 09/11/2024 | Date of signature for the Form 4 filing. |
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