Form 4: Robin S. Hickenlooper Reports Disposition of Sirius XM Holdings Inc. Shares in Merger
SEC Filing Form 4
Director Robin S. Hickenlooper reports the disposition of Sirius XM Holdings Inc. shares due to the merger with Liberty Sirius XM Holdings Inc.
Summary
- Robin S. Hickenlooper, a director of Sirius XM Holdings Inc., filed a Form 4 to report changes in beneficial ownership.
- The report details the disposition of 160,543 shares of Sirius XM Holdings Inc. common stock on September 9, 2024, at a price of $0.00 due to a merger.
- The merger involved Radio Merger Sub, LLC merging into Sirius XM, with Sirius XM continuing as the surviving company.
- The exchange rate was ten shares of old Sirius XM common stock for one share of new Liberty Sirius XM common stock.
- Restricted stock units associated with old Sirius XM shares were also exchanged for restricted stock units associated with new Sirius XM shares.
- Following the merger, Liberty Sirius XM Holdings Inc. 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 related to a merger, so the sentiment is neutral.
Industry Context
This announcement reflects corporate restructuring activity within the media and entertainment industry, specifically involving satellite radio and related holdings.
Stakeholder Impact
- Shareholders experienced a share exchange as part of the merger.
- The company names changed to reflect the post-merger structure.
Key Dates
| Date | Description |
|---|---|
| December 11, 2023 | Date of the Agreement and Plan of Merger. |
| September 9, 2024 | Date of the merger and the reported transaction. |
| September 11, 2024 | Date of the Form 4 filing. |
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