[Form 4] Dun & Bradstreet Holdings, Inc. Insider Trading Activity
Dun & Bradstreet Holdings, Inc. (DNB) underwent a merger in which Denali Buyer, Inc. merged into the issuer, leaving the issuer as a wholly owned subsidiary of Denali Intermediate Holdings, Inc. Under the Merger Agreement dated March 23, 2025, each outstanding share of the issuer's common stock was cancelled and converted into the right to receive $9.15 in cash per share (subject to applicable tax withholding). Vested restricted common stock was converted into the right to the same cash consideration plus accumulated unpaid dividend equivalents. Unvested restricted common stock was converted into an equity interest in an indirect parent of the buyer with time-based vesting only and no performance conditions. Reporting person Joe A. Reinhardt III, Chief Legal Officer, is shown on this Form 4 as disposing of 1,343,114.23 shares on 08/26/2025 and holding 0 shares following the transaction.
Dun & Bradstreet Holdings, Inc. (DNB) 猫 stata oggetto di una fusione in cui Denali Buyer, Inc. 猫 stata incorporata nell'emittente, che 猫 rimasto una controllata interamente posseduta di Denali Intermediate Holdings, Inc. Ai sensi del Merger Agreement datato 23 marzo 2025, ogni azione in circolazione dell'azione comune dell'emittente 猫 stata annullata e convertita nel diritto di ricevere $9.15 in contanti per azione (soggetto alle ritenute fiscali applicabili). Le azioni vincolate gi脿 maturate sono state convertite nel diritto alla medesima somma in contanti pi霉 i dividendi equivalenti non pagati accumulati. Le azioni vincolate non ancora maturate sono state convertite in una partecipazione azionaria in una societ脿 madre indiretta dell'acquirente con vincolo di maturazione basato sul tempo e senza condizioni di performance. La persona indicata nel reporting, Joe A. Reinhardt III, Chief Legal Officer, risulta in questo Modulo 4 come aver ceduto 1.343.114,23 azioni il 26/08/2025 e come detentore di 0 azioni dopo la transazione.
Dun & Bradstreet Holdings, Inc. (DNB) se someti贸 a una fusi贸n en la que Denali Buyer, Inc. se integr贸 en el emisor, quedando 茅ste como subsidiaria de propiedad total de Denali Intermediate Holdings, Inc. Conforme al Acuerdo de Fusi贸n fechado el 23 de marzo de 2025, cada acci贸n en circulaci贸n de la acci贸n ordinaria del emisor fue cancelada y convertida en el derecho a recibir $9.15 en efectivo por acci贸n (sujeto a las retenciones fiscales aplicables). Las acciones restringidas ya adquiridas se convirtieron en el derecho a la misma contraprestaci贸n en efectivo m谩s los equivalentes de dividendos acumulados no pagados. Las acciones restringidas no adquiridas se convirtieron en una participaci贸n de capital en una matriz indirecta del comprador con vencimiento basado 煤nicamente en el tiempo y sin condiciones de rendimiento. La persona que informa, Joe A. Reinhardt III, Chief Legal Officer, aparece en este Formulario 4 como la que dispuso de 1.343.114,23 acciones el 26/08/2025 y como poseedora de 0 acciones tras la transacci贸n.
Dun & Bradstreet Holdings, Inc. (DNB)電� Denali Buyer, Inc.臧� 氚滍枆須岇偓鞐� 頋§垬頃╇硲霅橂姅 瓯半灅毳� 歆勴枆頄堨溂氅�, 氚滍枆須岇偓電� Denali Intermediate Holdings, Inc.鞚� 鞝勳暋 於滌瀽 鞛愴殞靷 雮晿鞀惦媹雼�. 2025雲� 3鞗� 23鞚检瀽 頃╇硲瓿勳暯靹滌棎 霐半澕 氚滍枆須岇偓鞚� 氤错喌欤� 氚滍枆欤检嫕 鞝勲秬電� 旆唽霅橃柎 欤茧嫻 $9.15 順勱笀鞚� 靾橂牴頃� 甓岆Μ搿� 鞝勴櫂霅橃棃鞀惦媹雼�(頃措嫻 靹戈笀 鞗愳矞歆曥垬 鞝侅毄). 鞚措 頇曥爼霅� 鞝滍暅攵� 氤错喌欤茧姅 霃欖澕頃� 順勱笀 雽�旮堨棎 氙胳旮� 雸勳爜 氚半嫻 靸侅潙鞎§澊 於旉皜霅� 甓岆Μ搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 鞎勳 頇曥爼霅橃 鞎婌潃 鞝滍暅攵� 氤错喌欤茧姅 靹标臣臁瓣贝 鞐嗢澊 鞁滉皠 瓴疥臣鞐� 霐半ジ 旮办鞙茧毵� 氩犾姢韺呺悩電� 鞚胳垬鞛� 臧勳爲 氇殞靷潣 歆�攵勳溂搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 氤搓碃鞚胳澑 Joe A. Reinhardt III 氩曤齑濌磩鞚� 鞚� Form 4鞐� 2025/08/26鞐� 1,343,114.23欤�毳� 觳橂秳頄堦碃 瓯半灅 頉� 0欤�毳� 氤挫湢頃� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Dun & Bradstreet Holdings, Inc. (DNB) a fait l'objet d'une fusion dans laquelle Denali Buyer, Inc. a 茅t茅 int茅gr茅e dans l'茅metteur, l'茅metteur restant une filiale d茅tenue 脿 100 % par Denali Intermediate Holdings, Inc. En vertu de l'accord de fusion dat茅 du 23 mars 2025, chaque action en circulation de l'action ordinaire de l'茅metteur a 茅t茅 annul茅e et convertie en le droit de recevoir 9,15 $ en esp猫ces par action (sous r茅serve des retenues fiscales applicables). Les actions restreintes acquises ont 茅t茅 converties en le droit 脿 la m锚me contrepartie en esp猫ces plus les 茅quivalents de dividendes accumul茅s non pay茅s. Les actions restreintes non acquises ont 茅t茅 converties en une participation au capital dans une soci茅t茅 m猫re indirecte de l'acheteur, avec un vesting fond茅 uniquement sur le temps et sans conditions de performance. La personne d茅clarante Joe A. Reinhardt III, Chief Legal Officer, est indiqu茅e dans ce formulaire 4 comme ayant c茅d茅 1 343 114,23 actions le 26/08/2025 et d茅tenant 0 action apr猫s la transaction.
Dun & Bradstreet Holdings, Inc. (DNB) ging eine Verschmelzung ein, bei der Denali Buyer, Inc. in den Emittenten verschmolzen wurde, wobei der Emittent als hundertprozentige Tochtergesellschaft von Denali Intermediate Holdings, Inc. verblieb. Nach dem Fusionsvertrag vom 23. M盲rz 2025 wurde jede ausstehende Aktie der Stammaktien des Emittenten annulliert und in das Recht auf $9,15 in bar pro Aktie umgewandelt (vorbehaltlich der jeweils geltenden Steuerabz眉ge). Unmittelbar verf眉gbare beschr盲nkte Stammaktien wurden in das Recht auf dieselbe Barverg眉tung sowie auf aufgelaufene, nicht gezahlte Dividenden盲quivalente umgewandelt. Nicht unverfallbare beschr盲nkte Stammaktien wurden in eine Kapitalbeteiligung an einer indirekten Muttergesellschaft des Erwerbers mit nur zeitbasierter Vesting-Regelung und ohne Leistungsbedingungen umgewandelt. Die meldende Person Joe A. Reinhardt III, Chief Legal Officer, ist in diesem Formular 4 als Ver盲u脽erer von 1.343.114,23 Aktien am 26.08.2025 und als Inhaber von 0 Aktien nach der Transaktion aufgef眉hrt.
- Merger consideration specified at $9.15 per share, giving a clear, concrete cash value for outstanding common stock
- Vested restricted shares receive accrued dividend equivalents, ensuring those holders are paid accumulated dividends
- Reporting officer reduced beneficial ownership to zero by disposing of 1,343,114.23 shares on 08/26/2025
- Unvested restricted stock was not cashed out but converted into parent-company equity with only time-based vesting and no performance conditions
Insights
TL;DR: Form 4 discloses a merger-related cash-out at $9.15 per share and the reporting officer鈥檚 full disposition of previously held common shares.
The filing records a corporate change of control completed under a Merger Agreement dated March 23, 2025, resulting in cancellation of common stock for $9.15 cash per share. The transaction treated vested restricted shares as cashable for the same consideration plus accrued dividend equivalents, while unvested restricted shares were converted into parent-company equity with time-based vesting only. From an ownership-disclosure perspective, the Chief Legal Officer reported a disposition of 1,343,114.23 shares on 08/26/2025 and reports owning zero shares thereafter. This Form 4 is a routine disclosure of insider holdings change tied to a material corporate transaction.
TL;DR: The Form 4 documents insider share cancellation and payout per merger terms, with clear treatment differences for vested vs. unvested awards.
The Merger Agreement explicitly specifies cash conversion for outstanding common stock at $9.15 per share and differentiates treatment of vested restricted stock (cash plus accrued dividend equivalents) from unvested restricted stock (conversion into parent equity with only time-based vesting). The reporting officer鈥檚 disposal aligns with those contractual terms. The filing provides required Section 16 transparency about the change in beneficial ownership following the merger.
Dun & Bradstreet Holdings, Inc. (DNB) 猫 stata oggetto di una fusione in cui Denali Buyer, Inc. 猫 stata incorporata nell'emittente, che 猫 rimasto una controllata interamente posseduta di Denali Intermediate Holdings, Inc. Ai sensi del Merger Agreement datato 23 marzo 2025, ogni azione in circolazione dell'azione comune dell'emittente 猫 stata annullata e convertita nel diritto di ricevere $9.15 in contanti per azione (soggetto alle ritenute fiscali applicabili). Le azioni vincolate gi脿 maturate sono state convertite nel diritto alla medesima somma in contanti pi霉 i dividendi equivalenti non pagati accumulati. Le azioni vincolate non ancora maturate sono state convertite in una partecipazione azionaria in una societ脿 madre indiretta dell'acquirente con vincolo di maturazione basato sul tempo e senza condizioni di performance. La persona indicata nel reporting, Joe A. Reinhardt III, Chief Legal Officer, risulta in questo Modulo 4 come aver ceduto 1.343.114,23 azioni il 26/08/2025 e come detentore di 0 azioni dopo la transazione.
Dun & Bradstreet Holdings, Inc. (DNB) se someti贸 a una fusi贸n en la que Denali Buyer, Inc. se integr贸 en el emisor, quedando 茅ste como subsidiaria de propiedad total de Denali Intermediate Holdings, Inc. Conforme al Acuerdo de Fusi贸n fechado el 23 de marzo de 2025, cada acci贸n en circulaci贸n de la acci贸n ordinaria del emisor fue cancelada y convertida en el derecho a recibir $9.15 en efectivo por acci贸n (sujeto a las retenciones fiscales aplicables). Las acciones restringidas ya adquiridas se convirtieron en el derecho a la misma contraprestaci贸n en efectivo m谩s los equivalentes de dividendos acumulados no pagados. Las acciones restringidas no adquiridas se convirtieron en una participaci贸n de capital en una matriz indirecta del comprador con vencimiento basado 煤nicamente en el tiempo y sin condiciones de rendimiento. La persona que informa, Joe A. Reinhardt III, Chief Legal Officer, aparece en este Formulario 4 como la que dispuso de 1.343.114,23 acciones el 26/08/2025 y como poseedora de 0 acciones tras la transacci贸n.
Dun & Bradstreet Holdings, Inc. (DNB)電� Denali Buyer, Inc.臧� 氚滍枆須岇偓鞐� 頋§垬頃╇硲霅橂姅 瓯半灅毳� 歆勴枆頄堨溂氅�, 氚滍枆須岇偓電� Denali Intermediate Holdings, Inc.鞚� 鞝勳暋 於滌瀽 鞛愴殞靷 雮晿鞀惦媹雼�. 2025雲� 3鞗� 23鞚检瀽 頃╇硲瓿勳暯靹滌棎 霐半澕 氚滍枆須岇偓鞚� 氤错喌欤� 氚滍枆欤检嫕 鞝勲秬電� 旆唽霅橃柎 欤茧嫻 $9.15 順勱笀鞚� 靾橂牴頃� 甓岆Μ搿� 鞝勴櫂霅橃棃鞀惦媹雼�(頃措嫻 靹戈笀 鞗愳矞歆曥垬 鞝侅毄). 鞚措 頇曥爼霅� 鞝滍暅攵� 氤错喌欤茧姅 霃欖澕頃� 順勱笀 雽�旮堨棎 氙胳旮� 雸勳爜 氚半嫻 靸侅潙鞎§澊 於旉皜霅� 甓岆Μ搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 鞎勳 頇曥爼霅橃 鞎婌潃 鞝滍暅攵� 氤错喌欤茧姅 靹标臣臁瓣贝 鞐嗢澊 鞁滉皠 瓴疥臣鞐� 霐半ジ 旮办鞙茧毵� 氩犾姢韺呺悩電� 鞚胳垬鞛� 臧勳爲 氇殞靷潣 歆�攵勳溂搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 氤搓碃鞚胳澑 Joe A. Reinhardt III 氩曤齑濌磩鞚� 鞚� Form 4鞐� 2025/08/26鞐� 1,343,114.23欤�毳� 觳橂秳頄堦碃 瓯半灅 頉� 0欤�毳� 氤挫湢頃� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Dun & Bradstreet Holdings, Inc. (DNB) a fait l'objet d'une fusion dans laquelle Denali Buyer, Inc. a 茅t茅 int茅gr茅e dans l'茅metteur, l'茅metteur restant une filiale d茅tenue 脿 100 % par Denali Intermediate Holdings, Inc. En vertu de l'accord de fusion dat茅 du 23 mars 2025, chaque action en circulation de l'action ordinaire de l'茅metteur a 茅t茅 annul茅e et convertie en le droit de recevoir 9,15 $ en esp猫ces par action (sous r茅serve des retenues fiscales applicables). Les actions restreintes acquises ont 茅t茅 converties en le droit 脿 la m锚me contrepartie en esp猫ces plus les 茅quivalents de dividendes accumul茅s non pay茅s. Les actions restreintes non acquises ont 茅t茅 converties en une participation au capital dans une soci茅t茅 m猫re indirecte de l'acheteur, avec un vesting fond茅 uniquement sur le temps et sans conditions de performance. La personne d茅clarante Joe A. Reinhardt III, Chief Legal Officer, est indiqu茅e dans ce formulaire 4 comme ayant c茅d茅 1 343 114,23 actions le 26/08/2025 et d茅tenant 0 action apr猫s la transaction.
Dun & Bradstreet Holdings, Inc. (DNB) ging eine Verschmelzung ein, bei der Denali Buyer, Inc. in den Emittenten verschmolzen wurde, wobei der Emittent als hundertprozentige Tochtergesellschaft von Denali Intermediate Holdings, Inc. verblieb. Nach dem Fusionsvertrag vom 23. M盲rz 2025 wurde jede ausstehende Aktie der Stammaktien des Emittenten annulliert und in das Recht auf $9,15 in bar pro Aktie umgewandelt (vorbehaltlich der jeweils geltenden Steuerabz眉ge). Unmittelbar verf眉gbare beschr盲nkte Stammaktien wurden in das Recht auf dieselbe Barverg眉tung sowie auf aufgelaufene, nicht gezahlte Dividenden盲quivalente umgewandelt. Nicht unverfallbare beschr盲nkte Stammaktien wurden in eine Kapitalbeteiligung an einer indirekten Muttergesellschaft des Erwerbers mit nur zeitbasierter Vesting-Regelung und ohne Leistungsbedingungen umgewandelt. Die meldende Person Joe A. Reinhardt III, Chief Legal Officer, ist in diesem Formular 4 als Ver盲u脽erer von 1.343.114,23 Aktien am 26.08.2025 und als Inhaber von 0 Aktien nach der Transaktion aufgef眉hrt.
FAQ
What did the Form 4 filed for DNB disclose about the transaction on 08/26/2025?
What cash consideration did Dun & Bradstreet shareholders receive in the merger?
How were vested and unvested restricted shares treated in the Merger Agreement?
Who filed the Form 4 on behalf of the reporting person?
What is the reporting person's role at DNB and how is that indicated?
