Form 4: STRM Executive Chairman Disposes Shares Post-Merger

Streamline Health Solutions Executive Chairman Wyche T. Green III disposed of all beneficial ownership in the company following its acquisition by Mist Holding Co. for $5.34 per share.

Summary

• Wyche T. Green III, Executive Chairman and Director of Streamline Health Solutions Inc. (STRM), reported the disposition of all his beneficial ownership in the company.
• The disposition occurred on August 12, 2025, as a direct result of the Agreement and Plan of Merger dated May 29, 2025.
• Under the merger terms, MD BE Merger Sub, Inc., a wholly owned subsidiary of Mist Holding Co. ('Parent'), merged with and into Streamline Health Solutions Inc., making the Issuer a wholly owned subsidiary of Parent.
• Each share of common stock outstanding immediately prior to the merger's effective time was converted into the right to receive $5.34 in cash, without interest.
• Mr. Green disposed of 79,437 shares of common stock held directly and 69,845 shares of common stock held indirectly through 121G, LLC.
• Additionally, 59,829 warrants to purchase common stock, held indirectly through 121G, LLC, were disposed of.
• The reported numbers reflect a 1-for-15 reverse stock split effected on October 4, 2024.
• Restricted stock awards, totaling 11,199 shares, were canceled and converted into cash based on the merger consideration.
• Warrants with an exercise price equal to or greater than the merger consideration ($5.34) were canceled for no consideration; the reported warrants had an exercise price of $5.85.

Sentiment

Score: 5

Explanation: The filing is neutral in sentiment, serving as a factual report of a completed corporate action (merger) and the subsequent disposition of securities by an insider. It does not contain forward-looking statements or new operational insights that would typically influence sentiment.

Positives

• The merger successfully closed, providing a cash payout of $5.34 per share to common stockholders.
• The transaction provides liquidity and a defined exit for shareholders of Streamline Health Solutions Inc.

Negatives

• Warrants with an exercise price of $5.85 were canceled for no consideration, as the merger consideration of $5.34 per share was less than the exercise price.

Risks

• No new future risks for the public entity are identified, as the company is now a wholly-owned subsidiary and no longer publicly traded.

Future Outlook

The filing does not provide a future outlook for Streamline Health Solutions Inc. as it has become a wholly-owned subsidiary of Mist Holding Co. and is no longer a publicly traded entity.

Industry Context

This filing reflects a completed acquisition within the healthcare technology sector, a common trend as larger entities consolidate smaller, specialized technology providers to expand their service offerings and market share.

Related Party Transactions

• Indirect beneficial ownership of securities through 121G, LLC, where Wyche T. Green III is the managing member, is disclosed.

Stakeholder Impact

• Shareholders received a cash payment of $5.34 per share for their common stock.
• Holders of warrants with an exercise price greater than the merger consideration received no value for their warrants.

Next Steps

• No further public actions or milestones are indicated for Streamline Health Solutions Inc. as it is now a private entity.

Key Dates

Keywords

Streamline Health Solutions, STRM, SEC Form 4, Insider Transaction, Merger, Acquisition, Stock Disposition, Warrants, Restricted Stock, Corporate Action