Form 4: SpartanNash Director Sells All Shares in Merger

SpartanNash Director Dorlisa K. Flur disposed of all her common stock and restricted stock units as part of the company's acquisition by C&S Wholesale Grocers for $26.90 per share.

Summary

• Dorlisa K. Flur, a Director of SpartanNash Co (SPTN), reported the disposal of her beneficial ownership in the company.
• The transactions occurred on September 22, 2025, coinciding with the effective time of the merger where C&S Wholesale Grocers, LLC acquired SpartanNash Company.
• All outstanding SpartanNash Company common stock was converted into the right to receive a cash payment of $26.90 per share.
• All outstanding SpartanNash restricted stock units (RSUs) automatically vested, were cancelled, and converted into the right to receive a cash payment of $26.90 per share.
• Ms. Flur disposed of a total of 12,622 shares of common stock (4,775 shares and 7,847 shares in two separate transactions) at a price of $26.90 per share.
• She also disposed of 7,847 restricted stock units, each converted into a cash payment of $26.90.
• Following these transactions, Ms. Flur's beneficial ownership in SpartanNash Co is 0.00 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive for shareholders who received a cash payment for their shares as per the merger agreement, representing a definitive return on investment. However, the company ceases to exist independently.

Positives

• Shareholders, including the reporting person, received a cash payment of $26.90 per share for their common stock and vested restricted stock units, providing a clear exit value.

Negatives

• SpartanNash Company ceases to exist as an independent publicly traded entity following the acquisition.
• The reporting person no longer holds any beneficial ownership in SpartanNash Co.

Future Outlook

SpartanNash Company has been acquired by C&S Wholesale Grocers, LLC, and its independent operations and public trading status have ceased. The future outlook for the former SpartanNash business will be determined by the acquiring entity.

Industry Context

This transaction represents a consolidation event within the food distribution and retail industry, where larger entities acquire smaller or mid-sized players to expand market share, achieve synergies, or streamline operations.

Stakeholder Impact

• Shareholders received a cash payout for their equity holdings.
• The future employment and operational structure for SpartanNash employees will be determined by the acquiring entity, C&S Wholesale Grocers, LLC.

Next Steps

• Integration of SpartanNash Company into C&S Wholesale Grocers, LLC.

Key Dates

Keywords

SpartanNash, SPTN, C&S Wholesale Grocers, Merger, Acquisition, Insider Transaction, Stock Sale, Director, Form 4