Form 4: Uniti Director Zeitz Converts Shares Post-Merger

Uniti Group Director Harold A. Zeitz converted his Old Uniti common stock and restricted awards into New Uniti common stock following the merger agreement.

Summary

• Harold A. Zeitz, a Director of Uniti Group LLC (formerly Uniti Group Inc.), reported a change in beneficial ownership.
• On August 1, 2025, his 54,348 shares of Old Uniti common stock were disposed of as part of a merger.
• This transaction occurred pursuant to the Agreement and Plan of Merger dated May 3, 2024, amended July 17, 2024, between Old Uniti, New Windstream, LLC, and other entities.
• Each share of Old Uniti common stock was converted into the right to receive 0.6029 shares of common stock of Uniti Group Inc. (formerly Windstream Parent, Inc.), referred to as "New Uniti Common Stock."
• Old Uniti Restricted Stock Awards were also converted into New Uniti Restricted Stock Awards, with the number of shares adjusted by the 0.6029 ratio, rounded to the nearest whole share.
• Cash will be provided in lieu of fractional shares, calculated based on the closing sale price of New Uniti Common Stock on Nasdaq on August 4, 2025.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction filing (Form 4) reporting the mechanical conversion of shares due to a merger. It does not inherently convey positive or negative sentiment about the company's performance or future, but rather confirms the execution of a pre-announced corporate action.

Future Outlook

NA

Industry Context

This Form 4 reflects the finalization of a significant merger in the telecommunications infrastructure sector, specifically involving fiber optic network assets, which is a growing area of investment. The conversion of shares indicates the operationalization of the merger agreement between Uniti Group and Windstream.

Stakeholder Impact

• Shareholders of Old Uniti Group LLC will have their shares converted into New Uniti Group Inc. shares, reflecting the completion of the merger.
• The transaction impacts the beneficial ownership structure for insiders like Harold A. Zeitz, aligning their holdings with the new corporate entity.

Next Steps

• Calculation and distribution of cash in lieu of fractional shares based on August 4, 2025, Nasdaq closing price of New Uniti Common Stock.

Key Dates

Keywords

Uniti Group, UNIT, Harold A. Zeitz, SEC Form 4, Insider Trading, Merger, Stock Conversion, Windstream, Restricted Stock