Form 4: ZimVie Director Disposes Equity Post-Merger

A ZimVie Inc. director disposed of all equity holdings following the company's merger into a wholly-owned subsidiary of Zamboni Parent Inc. for $19.00 per share.

Summary

• Karen Matusinec, a Director of ZimVie Inc. (ZIMV), disposed of all her beneficial ownership in the company's equity securities.
• The disposal occurred on October 20, 2025, at the effective time of the merger between ZimVie Inc. and Zamboni MergerCo Inc., a wholly-owned subsidiary of Zamboni Parent Inc.
• Each share of ZimVie's common stock was converted into the right to receive $19.00 in cash.
• Deferred Share Units (6,755.864 units) and Restricted Stock Units (57,728 units) held by Ms. Matusinec vested in full and were converted into cash based on the $19.00 per share merger consideration.

Sentiment

Score: 7

Explanation: The sentiment is positive for the reporting person as all equity, including unvested units, was converted to cash at a pre-determined merger consideration. For public shareholders, it represents the conclusion of an acquisition at a fixed price.

Positives

• Ms. Matusinec received cash consideration for all her equity holdings, including previously unvested Deferred Share Units and Restricted Stock Units, which vested in full upon the merger's effective time.
• Shareholders received a fixed cash price of $19.00 per share for their common stock.

Negatives

• Ms. Matusinec, as a director, no longer holds any beneficial ownership in ZimVie Inc. equity following the merger.
• ZimVie Inc. common stock is no longer outstanding, and the company is now a wholly-owned subsidiary, eliminating public equity ownership.

Future Outlook

ZimVie Inc. is now a wholly-owned subsidiary of Zamboni Parent Inc., indicating a change in its operational and financial reporting structure as a public entity.

Industry Context

This transaction represents a consolidation event within the medical technology or healthcare industry, where a publicly traded company is acquired and taken private, often to integrate operations or achieve strategic synergies.

Stakeholder Impact

• Shareholders: All public shareholders received $19.00 in cash per share, ceasing to be equity holders in ZimVie Inc.
• Reporting Person (Karen Matusinec): Received cash for all equity holdings, including accelerated vesting of unvested units, and no longer holds beneficial ownership in ZimVie Inc.

Key Dates

Keywords

ZimVie Inc., ZIMV, Merger, Acquisition, Insider Transaction, Form 4, Equity Disposal, Deferred Share Units, Restricted Stock Units, Zamboni Parent Inc.