[Form 4] Dun & Bradstreet Holdings, Inc. Insider Trading Activity
Richard N. Massey, a director of Dun & Bradstreet Holdings, Inc. (DNB), reported the disposition of 448,874 shares of the company's common stock on 08/26/2025. The filing states this transaction resulted from a merger under an Agreement and Plan of Merger dated March 23, 2025, in which Merger Sub merged with and into the issuer and the issuer survived as a wholly owned subsidiary of Denali Intermediate Holdings, Inc.
Under the Merger Agreement, each outstanding share of DNB common stock was cancelled and converted into the right to receive $9.15 in cash per share, subject to applicable withholding, and restricted stock awards held by board members (other than the CEO) were converted into the right to receive the same cash consideration plus accumulated unpaid dividend equivalent rights. Following the reported transaction, the filing shows Mr. Massey beneficially owned 0 shares.
Richard N. Massey, membro del consiglio di Dun & Bradstreet Holdings, Inc. (DNB), ha comunicato la cessione di 448.874 azioni ordinarie della societ脿 in data 26/08/2025. La comunicazione specifica che l鈥檕perazione deriva da una fusione prevista da un Agreement and Plan of Merger datato 23 marzo 2025, in cui Merger Sub 猫 stata fusa nella societ脿 emittente, che 猫 sopravvissuta come controllata al 100% di Denali Intermediate Holdings, Inc.
In base all鈥橝ccordo di Fusione, ogni azione ordinaria DNB in circolazione 猫 stata annullata e convertita nel diritto a ricevere 9,15 USD in contanti per azione, al netto delle ritenute applicabili, mentre le restricted stock awards detenute dai membri del consiglio (escluso l鈥檃mministratore delegato) sono state convertite nel diritto a ricevere la stessa controvalore in contanti pi霉 i diritti agli importi equivalenti a dividendi non corrisposti. A seguito dell鈥檕perazione segnalata, nella comunicazione risulta che il sig. Massey non possiede pi霉 azioni in modo benefico.
Richard N. Massey, director de Dun & Bradstreet Holdings, Inc. (DNB), inform贸 la enajenaci贸n de 448.874 acciones ordinarias de la compa帽铆a el 26/08/2025. El informe indica que esta transacci贸n se produjo por una fusi贸n prevista en un Agreement and Plan of Merger de fecha 23 de marzo de 2025, en la que Merger Sub se fusion贸 con la emisora y 茅sta continu贸 existiendo como subsidiaria totalmente participada de Denali Intermediate Holdings, Inc.
Seg煤n el Acuerdo de Fusi贸n, cada acci贸n ordinaria de DNB en circulaci贸n fue cancelada y convertida en el derecho a recibir 9,15 USD en efectivo por acci贸n, sujeto a las retenciones aplicables, y las restricted stock awards en posesi贸n de los miembros del consejo (excepto el CEO) fueron convertidas en el derecho a recibir la misma contraprestaci贸n en efectivo m谩s los derechos equivalentes a dividendos acumulados no pagados. Tras la transacci贸n reportada, el informe muestra que el Sr. Massey no posee acciones en beneficio propio.
毽矘霌� N. 毵れ嫓(Richard N. Massey) 鞌姅 Dun & Bradstreet Holdings, Inc.(DNB) 鞚挫偓搿滌劀 2025雲� 8鞗� 26鞚� 須岇偓 氤错喌欤� 448,874欤茧ゼ 觳橂秳頄堧嫟瓿� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐� 霐半ゴ氅� 鞚� 瓯半灅電� 2025雲� 3鞗� 23鞚检瀽 頃╇硲瓿勳暯(Agreement and Plan of Merger)鞐� 霐半ジ 頃╇硲鞙茧 氚滌儩頄堨溂氅�, Merger Sub臧� 氚滍枆須岇偓毳� 頋§垬頃╇硲頄堦碃 氚滍枆須岇偓電� Denali Intermediate Holdings, Inc.鞚� 100% 鞛愴殞靷 臁挫啀頃橁矊 霅橃棃鞀惦媹雼�.
頃╇硲瓿勳暯鞐� 霐半澕 氚滍枆 欷戩澑 臧� DNB 氤错喌欤茧姅 靻岅皝霅橃柎 欤茧嫻 9.15雼煬鞚� 順勱笀 靾橂牴 甓岆Μ搿� 鞝勴櫂霅橂┌(鞝侅毄霅橂姅 鞗愳矞歆曥垬 雽�靸�), 鞚挫偓須� 氅る矂(CEO 鞝滌櫢)臧� 氤挫湢頃� 鞝滍暅攵� 欤检嫕 氤挫儊(restricted stock awards)鞚� 霃欖澕頃� 順勱笀 氤挫儊瓿� 氙胳旮� 雸勳爜 氚半嫻鞐� 靸侅潙頃橂姅 甓岆Μ搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 鞁犼碃霅� 瓯半灅 鞚错泟 鞝滌稖靹滊鞐愲姅 毵れ嫓 鞌皜 鞁れ鞝侅溂搿� 靻岇湢頃� 欤检嫕鞚� 0欤茧 雮橅儉雮� 鞛堨姷雼堧嫟.
Richard N. Massey, administrateur de Dun & Bradstreet Holdings, Inc. (DNB), a d茅clar茅 la cession de 448 874 actions ordinaires de la soci茅t茅 le 26/08/2025. Le d茅p么t indique que cette op茅ration r茅sulte d鈥檜ne fusion selon un Agreement and Plan of Merger dat茅 du 23 mars 2025, par laquelle Merger Sub a fusionn茅 avec l鈥櫭﹎etteur, l鈥櫭﹎etteur subsistant en tant que filiale en propri茅t茅 exclusive de Denali Intermediate Holdings, Inc.
Conform茅ment 脿 l鈥橝ccord de Fusion, chaque action ordinaire DNB en circulation a 茅t茅 annul茅e et convertie en un droit de recevoir 9,15 USD en esp猫ces par action, sous r茅serve des retenues applicables, et les restricted stock awards d茅tenues par les membres du conseil (脿 l鈥檈xception du CEO) ont 茅t茅 converties en un droit 脿 la m锚me contrepartie en esp猫ces plus des droits 茅quivalents aux dividendes accumul茅s non pay茅s. 脌 la suite de la transaction signal茅e, le d茅p么t indique que M. Massey ne d茅tenait plus d鈥檃ctions 脿 titre b茅n茅ficiaire.
Richard N. Massey, Direktor von Dun & Bradstreet Holdings, Inc. (DNB), meldete am 26.08.2025 die Ver盲u脽erung von 448.874 Stammaktien des Unternehmens. Die Einreichung besagt, dass diese Transaktion aus einer Fusion gem盲脽 einem Agreement and Plan of Merger vom 23. M盲rz 2025 resultierte, wobei Merger Sub mit dem Emittenten verschmolz und der Emittent als hundertprozentige Tochtergesellschaft der Denali Intermediate Holdings, Inc. fortbestand.
Gem盲脽 dem Fusionsvertrag wurde jede ausstehende DNB-Stammaktie annulliert und in das Recht auf Auszahlung von 9,15 USD in bar je Aktie umgewandelt, zuz眉glich der jeweils geltenden Quellensteuer; Restricted Stock Awards der Vorstandsmitglieder (au脽er dem CEO) wurden in das Recht auf dieselbe Barverg眉tung plus aufgelaufene, nicht ausgezahlte dividenden盲quivalente Rechte umgewandelt. Nach der gemeldeten Transaktion zeigt die Einreichung, dass Herr Massey wirtschaftlich 0 Aktien h盲lt.
- Definitive cash consideration established at $9.15 per share for all outstanding common stock
- Restricted awards conversion includes accumulated unpaid dividend equivalent rights for board members (other than CEO)
- Transaction clarity links insider disposition directly to the Merger Agreement dated March 23, 2025
- Reporting director's beneficial ownership reduced to zero following the merger consideration payout
- No post-merger public equity details provided for investors in this filing beyond the cash conversion amount
Insights
TL;DR: Director sold 448,874 shares due to a cash-out merger at $9.15 per share; filing confirms the company is now a wholly owned subsidiary.
The Form 4 documents a large non-derivative disposition by an insider tied directly to a corporate acquisition. The conversion of each outstanding share into $9.15 cash is a definitive liquidity event for shareholders and removes those shares from public ownership. The reported post-transaction beneficial ownership of 0 shares for the reporting director is consistent with a full cash-out of his holdings under the Merger Agreement. For analysts, the key confirmed metrics are the per-share cash consideration of $9.15 and the exact number of shares disposed: 448,874. No additional financials or pro forma valuation details are provided in this filing.
TL;DR: The board member's equity was converted and paid out under the merger agreement, and restricted awards were treated consistently with the merger terms.
The filing explicitly notes that restricted stock awards subject to vesting held by board members (excluding the CEO) were converted into the right to receive the merger cash consideration plus accumulated unpaid dividend equivalents. This clarifies treatment of both vested and unvested awards for non-CEO directors. The transaction was executed pursuant to a Merger Agreement dated March 23, 2025, and the signature block shows an attorney-in-fact executed the Form 4 on behalf of the reporting person. The disclosure is concise and directly ties insider disposition to the corporate control transaction.
Richard N. Massey, membro del consiglio di Dun & Bradstreet Holdings, Inc. (DNB), ha comunicato la cessione di 448.874 azioni ordinarie della societ脿 in data 26/08/2025. La comunicazione specifica che l鈥檕perazione deriva da una fusione prevista da un Agreement and Plan of Merger datato 23 marzo 2025, in cui Merger Sub 猫 stata fusa nella societ脿 emittente, che 猫 sopravvissuta come controllata al 100% di Denali Intermediate Holdings, Inc.
In base all鈥橝ccordo di Fusione, ogni azione ordinaria DNB in circolazione 猫 stata annullata e convertita nel diritto a ricevere 9,15 USD in contanti per azione, al netto delle ritenute applicabili, mentre le restricted stock awards detenute dai membri del consiglio (escluso l鈥檃mministratore delegato) sono state convertite nel diritto a ricevere la stessa controvalore in contanti pi霉 i diritti agli importi equivalenti a dividendi non corrisposti. A seguito dell鈥檕perazione segnalata, nella comunicazione risulta che il sig. Massey non possiede pi霉 azioni in modo benefico.
Richard N. Massey, director de Dun & Bradstreet Holdings, Inc. (DNB), inform贸 la enajenaci贸n de 448.874 acciones ordinarias de la compa帽铆a el 26/08/2025. El informe indica que esta transacci贸n se produjo por una fusi贸n prevista en un Agreement and Plan of Merger de fecha 23 de marzo de 2025, en la que Merger Sub se fusion贸 con la emisora y 茅sta continu贸 existiendo como subsidiaria totalmente participada de Denali Intermediate Holdings, Inc.
Seg煤n el Acuerdo de Fusi贸n, cada acci贸n ordinaria de DNB en circulaci贸n fue cancelada y convertida en el derecho a recibir 9,15 USD en efectivo por acci贸n, sujeto a las retenciones aplicables, y las restricted stock awards en posesi贸n de los miembros del consejo (excepto el CEO) fueron convertidas en el derecho a recibir la misma contraprestaci贸n en efectivo m谩s los derechos equivalentes a dividendos acumulados no pagados. Tras la transacci贸n reportada, el informe muestra que el Sr. Massey no posee acciones en beneficio propio.
毽矘霌� N. 毵れ嫓(Richard N. Massey) 鞌姅 Dun & Bradstreet Holdings, Inc.(DNB) 鞚挫偓搿滌劀 2025雲� 8鞗� 26鞚� 須岇偓 氤错喌欤� 448,874欤茧ゼ 觳橂秳頄堧嫟瓿� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐� 霐半ゴ氅� 鞚� 瓯半灅電� 2025雲� 3鞗� 23鞚检瀽 頃╇硲瓿勳暯(Agreement and Plan of Merger)鞐� 霐半ジ 頃╇硲鞙茧 氚滌儩頄堨溂氅�, Merger Sub臧� 氚滍枆須岇偓毳� 頋§垬頃╇硲頄堦碃 氚滍枆須岇偓電� Denali Intermediate Holdings, Inc.鞚� 100% 鞛愴殞靷 臁挫啀頃橁矊 霅橃棃鞀惦媹雼�.
頃╇硲瓿勳暯鞐� 霐半澕 氚滍枆 欷戩澑 臧� DNB 氤错喌欤茧姅 靻岅皝霅橃柎 欤茧嫻 9.15雼煬鞚� 順勱笀 靾橂牴 甓岆Μ搿� 鞝勴櫂霅橂┌(鞝侅毄霅橂姅 鞗愳矞歆曥垬 雽�靸�), 鞚挫偓須� 氅る矂(CEO 鞝滌櫢)臧� 氤挫湢頃� 鞝滍暅攵� 欤检嫕 氤挫儊(restricted stock awards)鞚� 霃欖澕頃� 順勱笀 氤挫儊瓿� 氙胳旮� 雸勳爜 氚半嫻鞐� 靸侅潙頃橂姅 甓岆Μ搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 鞁犼碃霅� 瓯半灅 鞚错泟 鞝滌稖靹滊鞐愲姅 毵れ嫓 鞌皜 鞁れ鞝侅溂搿� 靻岇湢頃� 欤检嫕鞚� 0欤茧 雮橅儉雮� 鞛堨姷雼堧嫟.
Richard N. Massey, administrateur de Dun & Bradstreet Holdings, Inc. (DNB), a d茅clar茅 la cession de 448 874 actions ordinaires de la soci茅t茅 le 26/08/2025. Le d茅p么t indique que cette op茅ration r茅sulte d鈥檜ne fusion selon un Agreement and Plan of Merger dat茅 du 23 mars 2025, par laquelle Merger Sub a fusionn茅 avec l鈥櫭﹎etteur, l鈥櫭﹎etteur subsistant en tant que filiale en propri茅t茅 exclusive de Denali Intermediate Holdings, Inc.
Conform茅ment 脿 l鈥橝ccord de Fusion, chaque action ordinaire DNB en circulation a 茅t茅 annul茅e et convertie en un droit de recevoir 9,15 USD en esp猫ces par action, sous r茅serve des retenues applicables, et les restricted stock awards d茅tenues par les membres du conseil (脿 l鈥檈xception du CEO) ont 茅t茅 converties en un droit 脿 la m锚me contrepartie en esp猫ces plus des droits 茅quivalents aux dividendes accumul茅s non pay茅s. 脌 la suite de la transaction signal茅e, le d茅p么t indique que M. Massey ne d茅tenait plus d鈥檃ctions 脿 titre b茅n茅ficiaire.
Richard N. Massey, Direktor von Dun & Bradstreet Holdings, Inc. (DNB), meldete am 26.08.2025 die Ver盲u脽erung von 448.874 Stammaktien des Unternehmens. Die Einreichung besagt, dass diese Transaktion aus einer Fusion gem盲脽 einem Agreement and Plan of Merger vom 23. M盲rz 2025 resultierte, wobei Merger Sub mit dem Emittenten verschmolz und der Emittent als hundertprozentige Tochtergesellschaft der Denali Intermediate Holdings, Inc. fortbestand.
Gem盲脽 dem Fusionsvertrag wurde jede ausstehende DNB-Stammaktie annulliert und in das Recht auf Auszahlung von 9,15 USD in bar je Aktie umgewandelt, zuz眉glich der jeweils geltenden Quellensteuer; Restricted Stock Awards der Vorstandsmitglieder (au脽er dem CEO) wurden in das Recht auf dieselbe Barverg眉tung plus aufgelaufene, nicht ausgezahlte dividenden盲quivalente Rechte umgewandelt. Nach der gemeldeten Transaktion zeigt die Einreichung, dass Herr Massey wirtschaftlich 0 Aktien h盲lt.
FAQ
Why did Richard N. Massey report a disposition of 448,874 DNB shares on 08/26/2025?
What cash consideration did DNB shareholders receive in the merger?
Did restricted stock awards held by directors receive the same treatment?
What is the reporting person鈥檚 beneficial ownership after the transaction?
When was the Merger Agreement dated that effected this transaction?
