Feb. 24 at 7:35 AM
$BARK When a company is going private, the restricted shares must be converted and be sold. Also, any convertible notes must be paid.
BARK is doing both. The convertible notes were paid and Matt Meeker has reported yesterday the sale of 36,206 shares from restricted shares:
"The Issuer withheld the shares reported on this line to satisfy tax withholding obligations that arose in connection with a vesting and settlement event from a Restricted Stock Units award. Not an open market sale of securities."
To confirm it, check
$NEUE. AFTER the go-private deal, they did the same.
Here in BARK they are doing it before any deal. This indicates that Matt Meeker is certain the company will have a deal to go private, soon.
https://www.sec.gov/Archives/edgar/data/1819574/000185864626000004/xslF345X05/wk-form4_1771880625.xml
