Dworkin Ted 4
4 · Eventbrite, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Eventbrite CPO Ted Dworkin Cashes Out 1.37M Shares in Merger
What Happened
- Ted Dworkin, Chief Product Officer of Eventbrite, recorded dispositions tied to the company’s March 10, 2026 merger. The filing shows four dispositions to the issuer: two non‑derivative stakes of 529,335 and 606,704 shares (total 1,136,039) and two derivative items (likely RSUs) of 44,303 and 193,339 units (total 237,642). Combined, 1,373,681 shares/units were converted.
- Per the Merger Agreement, each share (and each cancelled time‑based restricted stock unit) was converted into the right to receive $4.50 in cash. That yields roughly $6,181,564.50 in cash consideration (pre‑withholding) for the converted positions. The Form 4 lists the transactions as dispositions to the issuer (D) rather than open‑market sales.
Key Details
- Transaction date: March 10, 2026 (Effective Time of the merger). Form 4 filed March 12, 2026 (appears timely).
- Merger consideration: $4.50 per share; total cash value ≈ $6.18M.
- Breakdown: 1,136,039 non‑derivative shares; 237,642 derivative units (RSUs) — total 1,373,681 shares/units.
- Shares owned after transaction: not specified in the filing.
- Footnotes: filing explains the Merger Agreement converted outstanding Class A/B shares and time‑based RSUs into $4.50/share cash. It also notes (generally) that certain options with exercise prices above the merger consideration were cashed out based on a Black‑Scholes valuation (example amount in the filing: $225,064.11).
Context
- These were not open‑market sales but cash‑out conversions required by the merger — a routine administrative disposition when a company is acquired. Such transactions reflect the merger payout rather than a voluntary insider sale and therefore are less informative about the insider’s view of the business going forward.
Insider Transaction Report
Form 4Exit
Dworkin Ted
Chief Product Officer
Transactions
- Disposition to Issuer
Class A Common Stock
[F1]2026-03-10−529,335→ 606,704 total - Disposition to Issuer
Class A Common Stock
[F2]2026-03-10−606,704→ 0 total - Disposition to Issuer
Incentive Stock Option (right to buy)
[F3]2026-03-10−44,303→ 0 totalExercise: $8.72Exp: 2033-02-14→ Class A Common Stock (44,303 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
[F3]2026-03-10−193,339→ 0 totalExercise: $8.72Exp: 2033-02-14→ Class A Common Stock (193,339 underlying)
Footnotes (3)
- [F1]On March 10, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 1, 2025, by and among Eventbrite, Inc., a Delaware corporation (the "Issuer"), Bending Spoons US Inc., a Delaware corporation ("Parent") and a wholly owned subsidiary of Bending Spoons S.p.A., and Everest Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), subject to the terms and conditions of the Merger Agreement, each share of Class A common stock and Class B common stock issued and outstanding immediately prior to the Effective Time (subject to certain exceptions) was converted into the right to receive $4.50 in cash, without interest and subject to applicable withholding taxes (the "Merger Consideration").
- [F2]At the Effective Time, each time-based Issuer restricted stock unit (including deferred restricted stock units, each an "Issuer RSU") that was outstanding immediately prior to the Effective Time (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to (x) the total number of shares underlying such Issuer RSU, multiplied by (y) the Merger Consideration.
- [F3]At the Effective Time, any option to purchase shares of Class A Common Stock that was outstanding and unexercised immediately prior to the Effective Time for which the exercise price exceeded the Merger Consideration (whether vested or unvested) was cancelled and converted into the right to receive (without interest) an amount in cash equal to $225,064.11, which was determined based on a Black-Scholes model.
Signature
By: Kristin Johnston, Attorney-in-fact For: the Reporting Person|2026-03-12