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UBS AG is offering $3.553 million of Phoenix Autocallable Notes with Memory Interest linked to GitLab Inc. (GTLB) common stock. The Notes are unsecured, unsubordinated debt of UBS AG London Branch with an expected 54-week tenor (Trade: 11-Jul-2025; Maturity: 29-Jul-2026) unless automatically called earlier.

Key economic terms:

• Issue price: $1,000 per Note (minimum investment 10 Notes).
• Contingent coupon: fixed $49.625 (4.9625% of par) paid quarterly if GTLB closes 鈮� the Interest Barrier ($23.12, 55% of Initial Price). Missed coupons accrue via the 鈥渕emory鈥� feature.
• Automatic call: triggered on any quarterly Autocall Observation Date if GTLB closes 鈮� the Initial Price ($42.03). Investors receive par plus any due/remembered coupons; no further payments.
• Principal protection: contingent only. If not called and the Final Price on 24-Jul-2026 is 鈮� the Trigger Price ($23.12), par is repaid. Otherwise, holders receive a cash equivalent based on the share-delivery formula, exposing them to the full downside below the 55% trigger.
• Estimated initial value: $971.90 (97.19% of issue price), reflecting dealer fees ($10 per Note) and UBS funding spread.
• Listing: none; secondary liquidity solely at dealer discretion.

Risk highlights: investors face potential loss of up to 100% of principal, coupon discontinuity, UBS credit risk, limited secondary market, and structural conflicts of interest (internal pricing, hedging). FINMA resolution powers could impose write-off or conversion in a stress scenario. U.S. tax treatment is uncertain; UBS will treat the Notes as prepaid derivatives with ordinary-income coupons.

Investor profile: suitable only for sophisticated investors who:

• are comfortable with equity-like downside,
• seek high conditional income,
• understand early-call reinvestment risk,
• accept UBS credit exposure and illiquidity.

Walgreens Boots Alliance (WBA) has reached the decisive shareholder-approval stage of its going-private deal with Sycamore Partners-backed Blazing Star Parent. Amendment No. 4 to Schedule 13E-3 confirms that, at the 11 July 2025 special meeting, both required votes were secured: (i) a majority of all outstanding common shares and (ii) a majority of unaffiliated shares supported the Agreement and Plan of Merger dated 6 March 2025.

Key economics: Each outstanding WBA share will be converted into the right to receive (a) $11.45 in cash plus (b) one Divested Asset Proceed Right (DAP Right), whose terms are governed by a separate agreement. Treasury, parent-owned and dissenting shares are excluded.

Post-closing structure: Upon effectiveness, WBA will merge with Blazing Star Merger Sub and become a wholly-owned subsidiary of Blazing Star Parent; WBA common stock will cease public trading.

Sponsor & insider arrangements: 鈥� Long-time shareholder Stefano Pessina (through Alliance Sant茅 entities) owns 16.8 % voting power and has signed both a Voting Agreement and a Reinvestment Agreement to roll over cash proceeds into the new private holding companies. 鈥� The board unanimously approved the deal, with Pessina and director John Lederer recused.

Next steps: With shareholder approval in hand, closing now depends on remaining customary conditions (e.g., regulatory clearances, financing draw-down) outlined in the Merger Agreement. After closing, public investors will hold no equity interest; liquidity is limited to the cash/DAP consideration.

Federal Agricultural Mortgage Corporation (Farmer Mac) filed a Form 8-K disclosing a leadership change in its finance organization. On 8 July 2025, Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh notified the company she will resign effective 31 July 2025 to pursue another opportunity. The company states the departure is not related to any disagreement over accounting, reporting, internal controls or operations.

The Board has engaged an executive search firm to conduct a nationwide search for a permanent successor. In the interim, beginning 1 August 2025, Gregory N. Ramsey鈥攃urrently Vice President & Chief Accounting Officer鈥攚ill assume the role of principal financial officer. Ramsey, 61, has served as Farmer Mac鈥檚 principal accounting officer since 2013 and previously filled the interim CFO role from July 2019 to January 2020. No new compensatory arrangements were announced, and the filing reports no related-party transactions.

While a senior-level departure can introduce short-term uncertainty, the appointment of an experienced internal executive and the absence of accounting disputes help contain governance risk. There is no immediate financial impact disclosed, and all other terms of the company鈥檚 securities remain unchanged.

Form 144 Overview: Krystal Biotech, Inc. (ticker KRYS) has filed a Form 144 indicating the proposed sale of 25,000 common shares through Morgan Stanley Smith Barney on or about 9 July 2025 on Nasdaq.

Key details

• Aggregate market value: US$3,583,375.
• Outstanding shares: 28,898,680.
• Percentage of float: roughly 0.09 % of shares outstanding.
• Seller鈥檚 position: Shares were acquired on 31 Mar 2017 as founders shares; no prior sales reported in the past three months.

The filing is a routine notice required under Rule 144 when an affiliate or insider intends to dispose of restricted or control securities. At <0.1 % of the company鈥檚 outstanding stock, the transaction is immaterial in scale and unlikely to meaningfully impact liquidity or corporate control. Nonetheless, insider sales can attract investor attention because they may be interpreted鈥攔ightly or wrongly鈥攁s signals about management鈥檚 outlook. The seller affirms they possess no undisclosed material adverse information, and no 10b5-1 trading plan adoption date is disclosed.

Investment view: This appears to be a low-impact, discretionary sale by an insider. Investors typically monitor cumulative insider activity and sale frequency rather than isolated filings of this size. No information in the document suggests operational, financial, or strategic changes at Krystal Biotech.

Salesforce, Inc. (NYSE: CRM) filed a Form 8-K on 9 July 2025 to disclose board changes. The filing states that Amy Chang and David Kirk have each been appointed to the company鈥檚 Board of Directors, effective the same day. Both directors will receive the standard cash retainers and equity awards outlined in Salesforce鈥檚 non-employee director compensation program, as last detailed in the company鈥檚 proxy statement dated 24 April 2025.

The company confirms: (i) no pre-existing arrangements or family relationships influenced the appointments, and (ii) neither Chang nor Kirk has a reportable related-party transaction under Item 404(a) of Regulation S-K. Salesforce will execute its customary indemnification agreements with each new director.

A press release announcing the appointments is furnished as Exhibit 99.1; the information in that release is deemed furnished鈥攏ot filed鈥攗nder Regulation FD. No other financial data, business updates, or strategic transactions are included in this report.

Metropolitan Bank Holding Corp. (MCB) 鈥� Form 4 insider trading report. Executive Vice President Nick Rosenberg sold 1,250 common shares of MCB on 07/03/2025 at a weighted-average price of $75.0516 under a pre-arranged Rule 10b5-1 trading plan adopted on 06/06/2024. The sale represents roughly 4% of his directly held shares.

Following the transaction, Rosenberg still owns 29,589 shares directly as well as 750 shares held indirectly for three children. His remaining direct holdings include restricted stock units (RSUs) granted on 03/01/2023, 03/01/2024 and 03/01/2025 that vest in equal thirds over three years beginning 03/01/2024, 03/01/2025 and 03/01/2026, respectively. No derivative securities were reported as exercised or disposed.

The filing discloses no additional purchases, option exercises or other material events. Because the sale was executed pursuant to a 10b5-1 plan, it may be viewed as routine portfolio management rather than a discretionary sale. Investors may monitor future filings to gauge ongoing insider sentiment.

SSR Mining Inc. (SSRM) 鈥� Form 4/A insider transaction

Director Kay G. Priestly reported the acquisition of 2,217 Deferred Share Units (DSUs) on 01 July 2025. The grant was recorded at a price of $0, reflecting a routine equity compensation award rather than an open-market purchase. Following the transaction, Priestly now holds 61,161 DSUs, each representing the cash value of one common share payable upon retirement from the Board. No non-derivative common shares were reported in this filing, and there were no dispositions.

The filing is an amendment dated 02 July 2025, indicating a correction or update to a previously submitted Form 4. Because DSUs settle in the future and entail no immediate cash outlay, the event has minimal near-term impact on SSR Mining鈥檚 share float or insider ownership dynamics. The transaction represents standard director compensation and does not signal a directional view on the company鈥檚 valuation.

Form 4 filing for The PNC Financial Services Group, Inc. (PNC) details insider activity by director Marjorie Rodgers Cheshire dated July 1, 2025.

• The director acquired 224 phantom stock units at an underlying reference price of $192.52. Each unit economically represents one share of PNC common stock and will be settled in cash under the Deferred Compensation Plan.
• Following the transaction, Cheshire beneficially owns 5,799 phantom units within the Deferred Compensation Plan, 4,114 phantom units under the Outside Directors Deferred Stock Unit Plan, and 11,437 deferred stock units (DSUs) granted through PNC鈥檚 Directors Deferred Stock Unit Program.
• No common shares were sold or disposed of; all reported securities were acquired or represent accrued dividend equivalents, indicating an incremental increase in the director鈥檚 economic exposure to PNC.
• All instruments are either indirect (plan-held phantom units) or direct (DSUs), with settlement occurring in cash or stock at retirement according to plan terms.

The filing reflects routine compensation-related accruals rather than open-market purchases, but the absence of sales signals continued alignment of the director鈥檚 interests with shareholders.