Form 4: Sirius XM Executive Inzerillo Reports Ownership Changes Following Merger

Chief Product & Technology Officer Joseph A. Inzerillo reports changes in Sirius XM holdings due to the merger of Radio Merger Sub, LLC with Old Sirius XM.

Summary

• Joseph A. Inzerillo, Chief Product & Technology Officer of Sirius XM Holdings Inc., reported changes in beneficial ownership following the merger of Radio Merger Sub, LLC with and into Old Sirius XM on September 9, 2024.
• The merger involved an exchange rate of ten shares of Old Sirius XM common stock to one share of New Sirius XM common stock.
• Inzerillo disposed of 760,428 shares of Old Sirius XM common stock and acquired 76,041 shares of New Sirius XM common stock.
• He also disposed of options to acquire 1,425,861 shares of Old Sirius XM and acquired options to acquire 142,586 shares of New Sirius XM.
• Following these transactions, Inzerillo beneficially owns 76,041 shares of common stock and 142,586 stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in ownership due to a merger, with no inherent positive or negative sentiment.

Industry Context

Mergers and acquisitions are common in the media and entertainment industry as companies seek to consolidate resources and expand their market reach. This transaction reflects Sirius XM's corporate restructuring.

Stakeholder Impact

• Shareholders are impacted by the merger and the resulting changes in the company's structure.
• Employees may be affected by organizational changes resulting from the merger.

Key Dates