Form 4: ZimVie Director Converts Equity to Cash in Merger

ZimVie Inc. Director Vinit K. Asar disposed of deferred and restricted stock units for cash following the company's merger with Zamboni Parent Inc.

Summary

• Director Vinit K. Asar reported the disposition of equity securities in ZimVie Inc. on October 20, 2025.
• The disposition occurred as a direct result of the merger between ZimVie Inc. and Zamboni MergerCo Inc., a wholly-owned subsidiary of Zamboni Parent Inc.
• At the effective time of the merger, each share of ZimVie Inc. common stock was converted into the right to receive $19.00 in cash.
• Mr. Asar's 8,289.986 Deferred Share Units and 57,728 Restricted Stock Units vested in full and were subsequently canceled and converted into cash at the merger consideration price.
• The total number of shares underlying the disposed units was 66,017.986 (8,289.986 Deferred Share Units + 57,728 Restricted Stock Units).
• The estimated total cash received by Mr. Asar for these equity units is approximately $1,254,341.73 (66,017.986 units * $19.00).

Sentiment

Score: 5

Explanation: The filing is purely factual, reporting a completed transaction as per a pre-existing merger agreement. It does not convey positive or negative sentiment about the company's future prospects, but rather the execution of a corporate event.

Positives

• Director's deferred share units and restricted stock units vested in full immediately prior to the merger's effective time.
• Director received cash consideration for all equity awards as part of the merger agreement.

Negatives

• Director no longer holds direct beneficial ownership of ZimVie Inc. equity following the company's acquisition and privatization.

Future Outlook

The filing reports a completed merger transaction, and as such, does not provide forward-looking statements or guidance for ZimVie Inc. as an independent public entity. ZimVie Inc. is now a wholly-owned subsidiary of Zamboni Parent Inc.

Industry Context

This transaction reflects the ongoing consolidation trend within the medical technology or healthcare sector, where companies may be acquired to expand product portfolios, market reach, or achieve operational synergies. The acquisition of ZimVie Inc. by Zamboni Parent Inc. indicates a strategic move by the acquirer to integrate ZimVie's offerings, likely in dental and spine markets, into its existing operations or to establish a new platform.

Stakeholder Impact

• Shareholders of ZimVie Inc. received $19.00 in cash per share for their common stock.
• Director Vinit K. Asar received cash for his vested equity awards, ceasing to hold direct equity in the now private entity.

Next Steps

• Following the merger, ZimVie Inc. continues as the surviving corporation and a wholly-owned subsidiary of Zamboni Parent Inc. No further public reporting obligations for ZimVie Inc. as a standalone public entity are implied by this filing.

Key Dates

Keywords

ZimVie, ZIMV, Merger, Form 4, Insider Transaction, Equity Disposition, Vinit K. Asar, Zamboni Parent Inc., Restricted Stock Units, Deferred Share Units