Brian Bonner - Apr 1, 2024 Form 4 Insider Report for Daseke, Inc. (DSKE)

Role
Director
Signature
/s/ Soumit Roy, as attorney-in-fact
Stock symbol
DSKE
Transactions as of
Apr 1, 2024
Transactions value $
-$4,267,287
Form type
4
Date filed
4/1/2024, 05:01 PM
Previous filing
Jan 3, 2024
Next filing
Jan 16, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSKE Common Stock Disposed to Issuer -$4.27M -514K -100% $8.30 0 Apr 1, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DSKE Director Stock Option (right to buy) Disposed to Issuer -25K -100% 0 Apr 1, 2024 Common Stock 25K $9.98 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brian Bonner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of December 22, 2023 (the "Merger Agreement"), by and among the Issuer, TFI International Inc., a corporation incorporated pursuant to the Canada Business Corporations Act ("Parent"), and Diocletian MergerCo, Inc., a Delaware corporation and an indirect, wholly owned subsidiary of Parent ("Acquisition Sub"), Acquisition Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as an indirect, wholly owned subsidiary of Parent.
F2 At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each share of common stock, par value $0.0001 per share, of the Issuer that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $8.30 in cash (the "Merger Consideration"), without interest and less any applicable withholding taxes.
F3 At the Effective Time, pursuant to the Merger Agreement, this option, which provided for vesting in five equal annual installments beginning February 27, 2018, was automatically canceled for no consideration because the exercise price of the option exceeded the Merger Consideration.