Sarah E. Hlavinka - 10 Dec 2025 Form 4 Insider Report for ODP Corp (ODP)

Role
EVP-Chief Legal Officer & Secy
Signature
/s/ Sarah E. Hlavinka
Issuer symbol
ODP
Transactions as of
10 Dec 2025
Transactions value $
-$1,274,420
Form type
4
Filing time
10 Dec 2025, 16:30:21 UTC
Previous filing
03 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Hlavinka Sarah E. EVP-Chief Legal Officer & Secy 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON /s/ Sarah E. Hlavinka 10 Dec 2025 0001433554

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ODP Common Stock Disposed to Issuer -$422,296 -15,082 -33.1% $28.00 30,433 10 Dec 2025 Direct F1, F2, F3
transaction ODP Common Stock Disposed to Issuer -$852,124 -30,433 -100% $28.00 0 10 Dec 2025 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sarah E. Hlavinka is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On December 10, 2025, pursuant to that certain Agreement and Plan of Merger, dated as of September 22, 2025 (the "Merger Agreement"), by and among ODP Corporation (the "Issuer"), ACR Ocean Resources LLC ("Parent") and Vail Holdings 1, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
F2 Pursuant to the Merger Agreement, each share of Issuer common stock held by the Reporting Person immediately prior to the closing of the Merger (the "Effective Time") was converted into the right to receive $28.00 in cash, without interest, net of all applicable withholding taxes (the "Merger Consideration").
F3 Represents unvested restricted stock units ("RSUs") held by the Reporting Person immediately prior to the Effective Time. Pursuant to the Merger Agreement, all unvested RSUs were cancelled and converted into the right to receive an amount of cash equal to the Merger Consideration multiplied by (a) (i) the number of shares of Issuer common stock subject to such RSU immediately prior to the Effective Time, by (ii) the Merger Consideration, plus (b) any accrued and unpaid dividends or dividend equivalent rights corresponding to such RSUs, net of all applicable withholding taxes. The cash payment is subject to the same terms and conditions as applied to such RSUs immediately prior to the Effective Time (except that such RSUs will settle in cash in lieu of common stock).