[8-K] BellRing Brands, Inc. Reports Material Event
On 08/01/2025, Uniti Group Inc. (UNIT) Senior EVP, General Counsel & Secretary Daniel L. Heard filed a Form 4 reporting an automatic share conversion tied to the closing of the Uniti-Windstream merger. Under transaction code D (disposition), every old Uniti share was exchanged for 0.6029 share of the new Uniti common stock, with cash paid only for fractional interests. No open-market price was involved, so the transaction price is shown as $0.
Following the conversion, Heard now beneficially owns 678,761 shares of New Uniti common stock. The filing reflects a structural reorganization rather than a voluntary sale or purchase, leaving the officer鈥檚 equity stake鈥攁nd thus management-shareholder alignment鈥攍argely intact.
Il 08/01/2025, Daniel L. Heard, Senior EVP, Consigliere Generale e Segretario di Uniti Group Inc. (UNIT), ha presentato un Modulo 4 per segnalare una conversione automatica di azioni legata al completamento della fusione tra Uniti e Windstream. Secondo il codice di transazione D (disposizione), ogni vecchia azione Uniti 猫 stata scambiata con 0,6029 azioni della nuova azione ordinaria Uniti, con pagamento in contanti solo per le frazioni di azione. Non essendo coinvolto un prezzo di mercato aperto, il prezzo della transazione 猫 indicato come $0.
Dopo la conversione, Heard detiene ora beneficiariamente 678.761 azioni della nuova azione ordinaria Uniti. La comunicazione riflette una riorganizzazione strutturale piuttosto che una vendita o acquisto volontario, mantenendo sostanzialmente intatto l鈥檌nteresse azionario del dirigente e quindi l鈥檃llineamento tra management e azionisti.
El 08/01/2025, Daniel L. Heard, Senior EVP, Consejero General y Secretario de Uniti Group Inc. (UNIT), present贸 un Formulario 4 reportando una conversi贸n autom谩tica de acciones vinculada al cierre de la fusi贸n entre Uniti y Windstream. Bajo el c贸digo de transacci贸n D (disposici贸n), cada acci贸n antigua de Uniti fue intercambiada por 0.6029 acciones de las nuevas acciones comunes de Uniti, pag谩ndose en efectivo solo por intereses fraccionarios. No se involucr贸 un precio de mercado abierto, por lo que el precio de la transacci贸n se muestra como $0.
Tras la conversi贸n, Heard posee ahora beneficiosamente 678,761 acciones de las nuevas acciones comunes de Uniti. La presentaci贸n refleja una reorganizaci贸n estructural m谩s que una venta o compra voluntaria, manteniendo en gran medida intacta la participaci贸n accionaria del ejecutivo y, por ende, la alineaci贸n entre la direcci贸n y los accionistas.
2025雲� 1鞗� 8鞚�, Uniti Group Inc.(UNIT)鞚� 靾橃劃 攵�靷灔 瓴� 氩曤 瓿犽 氚� 牍勳劀鞚� Daniel L. Heard臧� Uniti鞕� Windstream 頃╇硲 鞕勲鞐� 霐半ジ 鞛愲彊 欤检嫕 鞝勴櫂鞚� 氤搓碃頃橂姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 瓯半灅 旖旊摐 D(觳橂秳)鞐� 霐半澕 旮办〈 Uniti 欤检嫕 1欤茧姅 靸堧鞖� Uniti 氤错喌欤� 0.6029欤茧 甑愴櫂霅橃棃鞙茧┌, 靻岇垬鞝� 欤检嫕鞐� 雽�頃挫劀毵� 順勱笀鞚� 歆�旮夒悩鞐堨姷雼堧嫟. 瓿店皽 鞁滌灔 臧�瓴╈澊 鞝侅毄霅橃 鞎婌晞 瓯半灅 臧�瓴╈潃 $0搿� 響滌嫓霅橃棃鞀惦媹雼�.
鞝勴櫂 頉� Heard電� 順勳灛 靸堧鞖� Uniti 氤错喌欤� 678,761欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 鞚� 鞝滌稖鞚� 鞛勳洂鞚� 鞛愲皽鞝� 毵るГ臧� 鞎勲媽 甑“臁办爼鞚� 氚橃榿頃橂┌, 瓴届榿歆勳潣 歆�攵勱臣 欤检＜鞕�鞚� 鞚错暣甏�瓿勱皜 雽�攵�攵� 鞙犾霅潉 鞚橂頃╇媹雼�.
Le 08/01/2025, Daniel L. Heard, Senior EVP, Directeur Juridique et Secr茅taire de Uniti Group Inc. (UNIT), a d茅pos茅 un formulaire 4 signalant une conversion automatique d鈥檃ctions li茅e 脿 la cl么ture de la fusion Uniti-Windstream. Selon le code de transaction D (cession), chaque ancienne action Uniti a 茅t茅 茅chang茅e contre 0,6029 action de la nouvelle action ordinaire Uniti, avec un paiement en esp猫ces uniquement pour les fractions d鈥檃ctions. Aucun prix de march茅 ouvert n鈥櫭﹖ant impliqu茅, le prix de la transaction est indiqu茅 脿 0 $.
Suite 脿 cette conversion, Heard d茅tient d茅sormais de mani猫re b茅n茅ficiaire 678 761 actions de la nouvelle action ordinaire Uniti. Cette d茅claration refl猫te une r茅organisation structurelle plut么t qu鈥檜ne vente ou un achat volontaire, laissant la participation du dirigeant 鈥� et donc l鈥檃lignement entre la direction et les actionnaires 鈥� largement intacte.
Am 08.01.2025 reichte Daniel L. Heard, Senior EVP, General Counsel & Secretary von Uniti Group Inc. (UNIT), ein Formular 4 ein, in dem eine automatische Aktienumwandlung im Zusammenhang mit dem Abschluss der Uniti-Windstream-Fusion gemeldet wurde. Unter dem Transaktionscode D (Ver盲u脽erung) wurde jede alte Uniti-Aktie gegen 0,6029 Aktien der neuen Uniti-Stammaktien getauscht, wobei nur f眉r Bruchteile Bargeld gezahlt wurde. Da kein offener Marktpreis vorlag, wird der Transaktionspreis mit 0 $ angegeben.
Nach der Umwandlung h盲lt Heard nun wirtschaftlich 678.761 Aktien der neuen Uniti-Stammaktien. Die Meldung spiegelt eine strukturelle Umorganisation wider und keine freiwillige Kauf- oder Verkaufsaktion, wodurch die Beteiligung des leitenden Angestellten und somit die Ausrichtung zwischen Management und Aktion盲ren weitgehend erhalten bleibt.
- Officer retains 678,761 shares post-conversion, preserving management鈥搒hareholder alignment
- None.
Insights
TL;DR: Routine share conversion; insider maintains large stake, no cash sale鈥攏eutral governance signal.
The Form 4 documents an involuntary disposition stemming from a previously disclosed merger. Because the exchange ratio and resulting holdings are predetermined, the filing carries little immediate market impact. Importantly, Heard鈥檚 continued ownership of 678,761 shares suggests ongoing alignment with public shareholders and no sign of insider exit. I view the event as administrative rather than indicative of changing sentiment.
TL;DR: Filing confirms completion mechanics of Uniti-Windstream deal; financial impact already priced in.
This disclosure simply operationalises the May 2024 merger agreement, converting legacy equity into new Uniti shares at the agreed 0.6029 ratio. Because conversion terms were public for over a year, the transaction neither alters share count expectations nor cash flows. Investors should treat it as housekeeping that verifies deal closing on schedule. Impact on valuation: neutral.
Il 08/01/2025, Daniel L. Heard, Senior EVP, Consigliere Generale e Segretario di Uniti Group Inc. (UNIT), ha presentato un Modulo 4 per segnalare una conversione automatica di azioni legata al completamento della fusione tra Uniti e Windstream. Secondo il codice di transazione D (disposizione), ogni vecchia azione Uniti 猫 stata scambiata con 0,6029 azioni della nuova azione ordinaria Uniti, con pagamento in contanti solo per le frazioni di azione. Non essendo coinvolto un prezzo di mercato aperto, il prezzo della transazione 猫 indicato come $0.
Dopo la conversione, Heard detiene ora beneficiariamente 678.761 azioni della nuova azione ordinaria Uniti. La comunicazione riflette una riorganizzazione strutturale piuttosto che una vendita o acquisto volontario, mantenendo sostanzialmente intatto l鈥檌nteresse azionario del dirigente e quindi l鈥檃llineamento tra management e azionisti.
El 08/01/2025, Daniel L. Heard, Senior EVP, Consejero General y Secretario de Uniti Group Inc. (UNIT), present贸 un Formulario 4 reportando una conversi贸n autom谩tica de acciones vinculada al cierre de la fusi贸n entre Uniti y Windstream. Bajo el c贸digo de transacci贸n D (disposici贸n), cada acci贸n antigua de Uniti fue intercambiada por 0.6029 acciones de las nuevas acciones comunes de Uniti, pag谩ndose en efectivo solo por intereses fraccionarios. No se involucr贸 un precio de mercado abierto, por lo que el precio de la transacci贸n se muestra como $0.
Tras la conversi贸n, Heard posee ahora beneficiosamente 678,761 acciones de las nuevas acciones comunes de Uniti. La presentaci贸n refleja una reorganizaci贸n estructural m谩s que una venta o compra voluntaria, manteniendo en gran medida intacta la participaci贸n accionaria del ejecutivo y, por ende, la alineaci贸n entre la direcci贸n y los accionistas.
2025雲� 1鞗� 8鞚�, Uniti Group Inc.(UNIT)鞚� 靾橃劃 攵�靷灔 瓴� 氩曤 瓿犽 氚� 牍勳劀鞚� Daniel L. Heard臧� Uniti鞕� Windstream 頃╇硲 鞕勲鞐� 霐半ジ 鞛愲彊 欤检嫕 鞝勴櫂鞚� 氤搓碃頃橂姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 瓯半灅 旖旊摐 D(觳橂秳)鞐� 霐半澕 旮办〈 Uniti 欤检嫕 1欤茧姅 靸堧鞖� Uniti 氤错喌欤� 0.6029欤茧 甑愴櫂霅橃棃鞙茧┌, 靻岇垬鞝� 欤检嫕鞐� 雽�頃挫劀毵� 順勱笀鞚� 歆�旮夒悩鞐堨姷雼堧嫟. 瓿店皽 鞁滌灔 臧�瓴╈澊 鞝侅毄霅橃 鞎婌晞 瓯半灅 臧�瓴╈潃 $0搿� 響滌嫓霅橃棃鞀惦媹雼�.
鞝勴櫂 頉� Heard電� 順勳灛 靸堧鞖� Uniti 氤错喌欤� 678,761欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 鞚� 鞝滌稖鞚� 鞛勳洂鞚� 鞛愲皽鞝� 毵るГ臧� 鞎勲媽 甑“臁办爼鞚� 氚橃榿頃橂┌, 瓴届榿歆勳潣 歆�攵勱臣 欤检＜鞕�鞚� 鞚错暣甏�瓿勱皜 雽�攵�攵� 鞙犾霅潉 鞚橂頃╇媹雼�.
Le 08/01/2025, Daniel L. Heard, Senior EVP, Directeur Juridique et Secr茅taire de Uniti Group Inc. (UNIT), a d茅pos茅 un formulaire 4 signalant une conversion automatique d鈥檃ctions li茅e 脿 la cl么ture de la fusion Uniti-Windstream. Selon le code de transaction D (cession), chaque ancienne action Uniti a 茅t茅 茅chang茅e contre 0,6029 action de la nouvelle action ordinaire Uniti, avec un paiement en esp猫ces uniquement pour les fractions d鈥檃ctions. Aucun prix de march茅 ouvert n鈥櫭﹖ant impliqu茅, le prix de la transaction est indiqu茅 脿 0 $.
Suite 脿 cette conversion, Heard d茅tient d茅sormais de mani猫re b茅n茅ficiaire 678 761 actions de la nouvelle action ordinaire Uniti. Cette d茅claration refl猫te une r茅organisation structurelle plut么t qu鈥檜ne vente ou un achat volontaire, laissant la participation du dirigeant 鈥� et donc l鈥檃lignement entre la direction et les actionnaires 鈥� largement intacte.
Am 08.01.2025 reichte Daniel L. Heard, Senior EVP, General Counsel & Secretary von Uniti Group Inc. (UNIT), ein Formular 4 ein, in dem eine automatische Aktienumwandlung im Zusammenhang mit dem Abschluss der Uniti-Windstream-Fusion gemeldet wurde. Unter dem Transaktionscode D (Ver盲u脽erung) wurde jede alte Uniti-Aktie gegen 0,6029 Aktien der neuen Uniti-Stammaktien getauscht, wobei nur f眉r Bruchteile Bargeld gezahlt wurde. Da kein offener Marktpreis vorlag, wird der Transaktionspreis mit 0 $ angegeben.
Nach der Umwandlung h盲lt Heard nun wirtschaftlich 678.761 Aktien der neuen Uniti-Stammaktien. Die Meldung spiegelt eine strukturelle Umorganisation wider und keine freiwillige Kauf- oder Verkaufsaktion, wodurch die Beteiligung des leitenden Angestellten und somit die Ausrichtung zwischen Management und Aktion盲ren weitgehend erhalten bleibt.
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Exhibit No. | Description | ||||
| 99.1 | Press Release dated August 4, 2025 | ||||
| 99.2 | Third Fiscal Quarter Ended June 30, 2025 Supplemental Presentation | ||||
| 104 | Cover Page Interactive Data File (the cover page iXBRL tags are embedded within the Inline XBRL document) | ||||
| Date: August 4, 2025 | BellRing Brands, Inc. | |||||||
| (Registrant) | ||||||||
| By: | /s/ Paul A. Rode | |||||||
| Name: | Paul A. Rode | |||||||
| Title: | Chief Financial Officer | |||||||
Source:
FAQ
Why did Daniel L. Heard file a Form 4 for UNIT on 08/04/2025?
How many Uniti Group shares does the insider now own?
What was the merger exchange ratio for UNIT shares?
Did the insider sell shares on the open market?
Were any cash proceeds received by the insider?
