Yun Jung Choi - 03 Jan 2025 Form 4 Insider Report for Revelyst, Inc. (GEAR)

Signature
/s/ Yun Jung Choi
Issuer symbol
GEAR
Transactions as of
03 Jan 2025
Transactions value $
$0
Form type
4
Filing time
03 Jan 2025, 17:05:55 UTC
Previous filing
27 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEAR Common Stock Disposed to Issuer -58.4K -100% 0 03 Jan 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Yun Jung Choi is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes restricted stock units ("RSUs") subject to certain vesting periods and other restrictions under the Issuer's Stock Incentive Plan.
F2 On January 3, 2025 (the "Closing Date"), pursuant to that certain Agreement and Plan of Merger, dated as of October 4, 2024 (the "Merger Agreement"), among the Issuer, Vista Outdoor Inc., Cabin Ridge Inc. and Olibre LLC, each share of the Issuer's common stock ("Common Stock") (other than any such shares of Common Stock held by the Issuer, its subsidiaries or Olibre LLC) was converted into the right to receive an amount in cash equal to the Merger Consideration (as defined in the Merger Agreement).
F3 Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each RSU vested and was canceled in exchange for a lump-sum cash payment, without interest, equal to the product of (i) the number of shares of Common Stock subject to such RSU as of immediately prior to the Effective Time and (ii) the Merger Consideration, less any applicable withholding for taxes.