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STOCK TITAN

[Form 4] Dun & Bradstreet Holdings, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Insider sale tied to completed merger: This Form 4 reports that Bryan T. Hipsher, identified as Chief Financial Officer and an officer of Dun & Bradstreet Holdings, Inc. (DNB), recorded dispositions of Common Stock on 08/26/2025. The filing shows two disposals: 1,945,066.78 shares and 29,000 shares. Following the transactions, the reporting person holds 0 shares directly; 29,000 shares were reported as indirectly owned through The Percy Stewart Trust prior to disposition.

The Explanation of Responses states that these transactions occurred pursuant to a Merger Agreement dated March 23, 2025, under which Merger Sub merged into the issuer and the issuer became a wholly owned subsidiary of the buyer. Under that agreement, each outstanding share of Common Stock was cancelled and converted into the right to receive $9.15 in cash per share (subject to applicable withholding). Vested restricted shares converted into the same cash consideration plus accumulated unpaid dividend equivalents, while unvested restricted shares converted into an equity interest in an indirect parent with continued time-based vesting only.

Vendita dell'insider collegata a fusione completata: Questo Modulo 4 segnala che Bryan T. Hipsher, identificato come Chief Financial Officer e dirigente di Dun & Bradstreet Holdings, Inc. (DNB), ha registrato dismissioni di Azioni Ordinarie il 26/08/2025. Il deposito indica due cessioni: 1.945.066,78 azioni e 29.000 azioni. Dopo le operazioni, la persona che ha segnalato detiene 0 azioni direttamente; 29.000 azioni risultavano possedute indirettamente tramite The Percy Stewart Trust prima della cessione.

La spiegazione delle risposte indica che queste operazioni sono avvenute in applicazione di un Accordo di Fusione datato 23 marzo 2025, in base al quale Merger Sub si è fusa nell'emittente e quest'ultima è divenuta una controllata interamente posseduta dall'acquirente. Ai sensi dell'accordo, ogni azione ordinaria in circolazione è stata annullata e convertita nel diritto a ricevere $9.15 in contanti per azione (soggetto alle ritenute applicabili). Le azioni vincolate già maturate sono state convertite nello stesso corrispettivo in denaro più gli eventuali dividendi accumulati non pagati, mentre le azioni vincolate non maturate sono state convertite in una partecipazione patrimoniale in una holding indiretta con ulteriore maturazione basata solo sul tempo.

Venta del insider vinculada a fusión completada: Este Formulario 4 informa que Bryan T. Hipsher, identificado como Director Financiero y funcionario de Dun & Bradstreet Holdings, Inc. (DNB), registró enajenaciones de Acciones Ordinarias el 26/08/2025. La presentación muestra dos disposiciones: 1.945.066,78 acciones y 29.000 acciones. Tras las transacciones, la persona informante posee 0 acciones en forma directa; 29.000 acciones se informaron como propiedad indirecta a través de The Percy Stewart Trust antes de la enajenación.

La explicación de las respuestas indica que estas operaciones se realizaron conforme a un Acuerdo de Fusión fechado el 23 de marzo de 2025, por el cual Merger Sub se fusionó con el emisor y este último pasó a ser una subsidiaria propiedad total del comprador. Según ese acuerdo, cada acción ordinaria en circulación fue cancelada y convertida en el derecho a recibir $9.15 en efectivo por acción (sujeto a las retenciones aplicables). Las acciones restringidas ya devengadas se convirtieron en la misma contraprestación en efectivo más los dividendos equivalentes acumulados no pagados, mientras que las acciones restringidas no devengadas se convirtieron en una participación patrimonial en una matriz indirecta con vesting adicional basado únicamente en el tiempo.

완료� 합병� 관련된 내부� 매도: � Form 4� Dun & Bradstreet Holdings, Inc. (DNB)� 최고재무책임�(CFO)이자 임원으로 식별� Bryan T. Hipsher가 2025-08-26� 보통� 처분� 신고했음� 보고합니�. 제출서류에는 � 건의 처분� 기재되어 있습니다: 1,945,066.78� � 29,000�. 거래 � 신고인은 직접 보유� 주식� 0주이�, 29,000주는 처분 전에 The Percy Stewart Trust� 통해 간접 보유� 것으� 보고되었습니�.

응답 설명에는 이러� 거래가 2025� 3� 23일자 합병계약� 따라 이루어졌다고 명시되어 있습니다. 해당 계약� 따라 Merger Sub가 발행회사� 합병되었� 발행회사� 인수자의 전액출자 자회사가 되었습니�. 계약� 따라 모든 유통 보통주는 취소되고 주당 $9.15� 현금� 수령� 권리� 전환되었습니�(적용되는 원천징수 대�). 이미 가득한(vested) 제한주식은 동일� 현금 보상� 누적� 미지� 배당 상당액을 합쳐 전환되었�, 가득하지 않은(unvested) 제한주식은 시간 기반 베스팅이 계속되는 간접 모회� 지분으� 전환되었습니�.

Vente d'initié liée à une fusion achevée : Ce Formulaire 4 indique que Bryan T. Hipsher, identifié comme directeur financier (CFO) et dirigeant de Dun & Bradstreet Holdings, Inc. (DNB), a déclaré des cessions d'actions ordinaires le 26/08/2025. Le dépôt signale deux cessions : 1�945�066,78 actions et 29�000 actions. À la suite des opérations, la personne déclarante détient 0 action en propriété directe ; 29�000 actions étaient déclarées comme détenues indirectement via The Percy Stewart Trust avant la cession.

L'explication des réponses précise que ces opérations ont eu lieu en vertu d'un accord de fusion daté du 23 mars 2025, en vertu duquel Merger Sub a fusionné dans l'émetteur et l'émetteur est devenu une filiale en propriété exclusive de l'acheteur. Conformément à cet accord, chaque action ordinaire en circulation a été annulée et convertie en le droit de recevoir 9,15 $ en espèces par action (sous réserve des retenues applicables). Les actions restreintes acquises (vested) ont été converties en la même contrepartie en espèces plus les équivalents de dividendes accumulés non payés, tandis que les actions restreintes non acquises ont été converties en une participation dans une société mère indirecte avec un vesting supplémentaire basé uniquement sur le temps.

Insider-Verkauf im Zusammenhang mit abgeschlossener Fusion: Dieses Formular 4 meldet, dass Bryan T. Hipsher, identifiziert als Chief Financial Officer und Geschäftsführer von Dun & Bradstreet Holdings, Inc. (DNB), am 26.08.2025 Veräußerungen von Stammaktien gemeldet hat. Die Einreichung zeigt zwei Veräußerungen: 1.945.066,78 Aktien und 29.000 Aktien. Nach den Transaktionen hält die meldende Person 0 Aktien direkt; 29.000 Aktien wurden vor der Veräußerung als indirekt über The Percy Stewart Trust gehalten gemeldet.

Die Erläuterung der Antworten besagt, dass diese Transaktionen gemäß einem Fusionsvertrag vom 23. März 2025 erfolgt sind, wonach die Merger Sub in den Emittenten verschmolzen wurde und der Emittent eine hundertprozentige Tochter des Käufers wurde. Nach diesem Vertrag wurde jede ausstehende Stammaktie annulliert und in das Recht auf Erhalt von $9.15 in bar je Aktie umgewandelt (vorbehaltlich anwendbarer Quellensteuern). Vested Restricted Shares wurden in dieselbe Barabfindung plus angesammelte unbezahlte Dividendenäquivalente umgewandelt, während unvested Restricted Shares in eine Beteiligung an einer indirekten Muttergesellschaft mit fortlaufender zeitbasierter Vesting umgewandelt wurden.

Positive
  • Merger provided a fixed cash consideration of $9.15 per cancelled share, offering clear and certain value to shareholders.
  • Form 4 discloses treatment of vested and unvested awards, clarifying that vested restricted shares received cash plus accumulated dividend equivalents while unvested awards converted into parent-company equity with time-based vesting.
Negative
  • Reporting person disposed of substantial common stock holdings (1,945,066.78 and 29,000 shares reported disposed), resulting in 0 direct ownership following the transactions.
  • Issuer common stock was cancelled as part of the merger, eliminating public equity in the issuer and reducing public insider ownership.

Insights

TL;DR: Insider reported full or substantial disposition of common shares due to a merger cash-out at $9.15 per share.

The Form 4 documents material ownership changes for a senior officer occurring as part of a corporate acquisition. The filing plainly ties the disposals to the Merger Agreement that converted shares into a fixed cash payment, which explains the large, simultaneous dispositions and the zero reported direct ownership post-transaction. For governance and disclosure purposes, the filing appropriately records indirect holdings (The Percy Stewart Trust) and clarifies treatment of vested versus unvested awards. The record is procedural and aligned with customary post-merger share cancellation and consideration payments; there are no additional corporate-governance issues disclosed in this Form 4 beyond the ownership changes resulting from the merger.

TL;DR: The filing indicates a cash merger closing that converted outstanding shares into $9.15 per-share cash consideration.

From a securities perspective, the Form 4 reflects disposition entries consistent with a corporate purchase transaction rather than open-market sales. The explicit $9.15 per-share Merger Consideration identifies the transaction economics for shareholders whose shares were cancelled. The filing also distinguishes treatment of vested and unvested restricted stock, which matters for post-closing dilution and management alignment. The entry shows the reporting person no longer holds direct common shares after the conversion, reducing insider-held public float in the issuer because the company is now a wholly owned subsidiary of the buyer.

Vendita dell'insider collegata a fusione completata: Questo Modulo 4 segnala che Bryan T. Hipsher, identificato come Chief Financial Officer e dirigente di Dun & Bradstreet Holdings, Inc. (DNB), ha registrato dismissioni di Azioni Ordinarie il 26/08/2025. Il deposito indica due cessioni: 1.945.066,78 azioni e 29.000 azioni. Dopo le operazioni, la persona che ha segnalato detiene 0 azioni direttamente; 29.000 azioni risultavano possedute indirettamente tramite The Percy Stewart Trust prima della cessione.

La spiegazione delle risposte indica che queste operazioni sono avvenute in applicazione di un Accordo di Fusione datato 23 marzo 2025, in base al quale Merger Sub si è fusa nell'emittente e quest'ultima è divenuta una controllata interamente posseduta dall'acquirente. Ai sensi dell'accordo, ogni azione ordinaria in circolazione è stata annullata e convertita nel diritto a ricevere $9.15 in contanti per azione (soggetto alle ritenute applicabili). Le azioni vincolate già maturate sono state convertite nello stesso corrispettivo in denaro più gli eventuali dividendi accumulati non pagati, mentre le azioni vincolate non maturate sono state convertite in una partecipazione patrimoniale in una holding indiretta con ulteriore maturazione basata solo sul tempo.

Venta del insider vinculada a fusión completada: Este Formulario 4 informa que Bryan T. Hipsher, identificado como Director Financiero y funcionario de Dun & Bradstreet Holdings, Inc. (DNB), registró enajenaciones de Acciones Ordinarias el 26/08/2025. La presentación muestra dos disposiciones: 1.945.066,78 acciones y 29.000 acciones. Tras las transacciones, la persona informante posee 0 acciones en forma directa; 29.000 acciones se informaron como propiedad indirecta a través de The Percy Stewart Trust antes de la enajenación.

La explicación de las respuestas indica que estas operaciones se realizaron conforme a un Acuerdo de Fusión fechado el 23 de marzo de 2025, por el cual Merger Sub se fusionó con el emisor y este último pasó a ser una subsidiaria propiedad total del comprador. Según ese acuerdo, cada acción ordinaria en circulación fue cancelada y convertida en el derecho a recibir $9.15 en efectivo por acción (sujeto a las retenciones aplicables). Las acciones restringidas ya devengadas se convirtieron en la misma contraprestación en efectivo más los dividendos equivalentes acumulados no pagados, mientras que las acciones restringidas no devengadas se convirtieron en una participación patrimonial en una matriz indirecta con vesting adicional basado únicamente en el tiempo.

완료� 합병� 관련된 내부� 매도: � Form 4� Dun & Bradstreet Holdings, Inc. (DNB)� 최고재무책임�(CFO)이자 임원으로 식별� Bryan T. Hipsher가 2025-08-26� 보통� 처분� 신고했음� 보고합니�. 제출서류에는 � 건의 처분� 기재되어 있습니다: 1,945,066.78� � 29,000�. 거래 � 신고인은 직접 보유� 주식� 0주이�, 29,000주는 처분 전에 The Percy Stewart Trust� 통해 간접 보유� 것으� 보고되었습니�.

응답 설명에는 이러� 거래가 2025� 3� 23일자 합병계약� 따라 이루어졌다고 명시되어 있습니다. 해당 계약� 따라 Merger Sub가 발행회사� 합병되었� 발행회사� 인수자의 전액출자 자회사가 되었습니�. 계약� 따라 모든 유통 보통주는 취소되고 주당 $9.15� 현금� 수령� 권리� 전환되었습니�(적용되는 원천징수 대�). 이미 가득한(vested) 제한주식은 동일� 현금 보상� 누적� 미지� 배당 상당액을 합쳐 전환되었�, 가득하지 않은(unvested) 제한주식은 시간 기반 베스팅이 계속되는 간접 모회� 지분으� 전환되었습니�.

Vente d'initié liée à une fusion achevée : Ce Formulaire 4 indique que Bryan T. Hipsher, identifié comme directeur financier (CFO) et dirigeant de Dun & Bradstreet Holdings, Inc. (DNB), a déclaré des cessions d'actions ordinaires le 26/08/2025. Le dépôt signale deux cessions : 1�945�066,78 actions et 29�000 actions. À la suite des opérations, la personne déclarante détient 0 action en propriété directe ; 29�000 actions étaient déclarées comme détenues indirectement via The Percy Stewart Trust avant la cession.

L'explication des réponses précise que ces opérations ont eu lieu en vertu d'un accord de fusion daté du 23 mars 2025, en vertu duquel Merger Sub a fusionné dans l'émetteur et l'émetteur est devenu une filiale en propriété exclusive de l'acheteur. Conformément à cet accord, chaque action ordinaire en circulation a été annulée et convertie en le droit de recevoir 9,15 $ en espèces par action (sous réserve des retenues applicables). Les actions restreintes acquises (vested) ont été converties en la même contrepartie en espèces plus les équivalents de dividendes accumulés non payés, tandis que les actions restreintes non acquises ont été converties en une participation dans une société mère indirecte avec un vesting supplémentaire basé uniquement sur le temps.

Insider-Verkauf im Zusammenhang mit abgeschlossener Fusion: Dieses Formular 4 meldet, dass Bryan T. Hipsher, identifiziert als Chief Financial Officer und Geschäftsführer von Dun & Bradstreet Holdings, Inc. (DNB), am 26.08.2025 Veräußerungen von Stammaktien gemeldet hat. Die Einreichung zeigt zwei Veräußerungen: 1.945.066,78 Aktien und 29.000 Aktien. Nach den Transaktionen hält die meldende Person 0 Aktien direkt; 29.000 Aktien wurden vor der Veräußerung als indirekt über The Percy Stewart Trust gehalten gemeldet.

Die Erläuterung der Antworten besagt, dass diese Transaktionen gemäß einem Fusionsvertrag vom 23. März 2025 erfolgt sind, wonach die Merger Sub in den Emittenten verschmolzen wurde und der Emittent eine hundertprozentige Tochter des Käufers wurde. Nach diesem Vertrag wurde jede ausstehende Stammaktie annulliert und in das Recht auf Erhalt von $9.15 in bar je Aktie umgewandelt (vorbehaltlich anwendbarer Quellensteuern). Vested Restricted Shares wurden in dieselbe Barabfindung plus angesammelte unbezahlte Dividendenäquivalente umgewandelt, während unvested Restricted Shares in eine Beteiligung an einer indirekten Muttergesellschaft mit fortlaufender zeitbasierter Vesting umgewandelt wurden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hipsher Bryan T.

(Last) (First) (Middle)
5335 GATE PARKWAY

(Street)
JACKSONVILLE FL 32256

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Dun & Bradstreet Holdings, Inc. [ DNB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/26/2025 D(1) 1,945,066.78 D (2) 0 D
Common Stock 08/26/2025 D(1) 29,000 D (2) 0 I By The Percy Stewart Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Pursuant to that certain Agreement and Plan of Merger (as amended from time to time, the "Merger Agreement") dated as of March 23, 2025 by and among the Issuer, Denali Intermediate Holdings, Inc., ("Parent"), and Denali Buyer, Inc., a direct 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.
2. Pursuant to the Merger Agreement, among other things, (i) each outstanding share of the common stock of the Issuer ("Common Stock") was cancelled and converted into the right to receive $9.15 in cash per share without interest and subject to deduction for any applicable withholding taxes (the "Merger Consideration"), (ii) each outstanding share of vested restricted Common Stock subject to time-based or performance-based vesting, repurchase or other lapse restrictions conditions was converted into the right to receive the Merger Consideration plus all accumulated but unpaid dividend equivalent rights, and (iii) each outstanding share of unvested restricted Common Stock subject to time-based or performance-based vesting, repurchase or other lapse restrictions was converted into an equity interest of an indirect parent company of Parent with the same time-based (only) vesting and no performance conditions.
/s/ Colleen E. Haley, Attorney-in-Fact 08/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Bryan T. Hipsher report on the Form 4 for DNB?

The Form 4 reports dispositions of Common Stock on 08/26/2025 totaling 1,945,066.78 and 29,000 shares, leaving 0 direct shares held by the reporting person.

Was the Form 4 activity related to a merger for DNB?

Yes. The Explanation states the transactions resulted from a Merger Agreement where Merger Sub merged into the issuer and outstanding shares were converted per the agreement.

What consideration did DNB shareholders receive in the merger?

Each outstanding share of DNB Common Stock was converted into the right to receive $9.15 in cash per share, subject to applicable withholding.

How were restricted shares treated in the merger according to the filing?

Vested restricted Common Stock converted into the Merger Consideration plus accumulated unpaid dividend equivalents; unvested restricted Common Stock converted into an equity interest in an indirect parent with the same time-based vesting and no performance conditions.

Does the Form 4 show any remaining indirect ownership?

The filing lists indirect ownership reported by The Percy Stewart Trust, but after the reported dispositions the reporting person shows 0 direct shares.
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