Downer Edward Michael bought MCHB
September 2, 2025 · Form 4 insider transaction
Downer Edward Michael bought 1,155,382 shares of Mechanics Bancorp, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 174 days after the transaction.
Footnotes
As consideration for the Merger, (i) each share of MB voting common stock converted into the right to receive 3,301.0920 shares of Issuer Class A Common Stock, which, on the effective date of the Merger, had a closing price of $13.87 per share, (ii) each MB restricted stock unit of the Reporting Person converted into restricted stock units of Issuer for the right to receive 3,301.0920 shares of Issuer Class A Common Stock, and (iii) each MB incentive unit of the Reporting Person converted into incentive units of Issuer of the economic equivalent of 3,301.0920 shares of Issuer Class A Common Stock.; Received in exchange of 349 shares of MB original voting common stock in connection with the Merger. The Reporting Person is the Investment Manager of MJAK Holdings, LLC and has the power to direct the voting of such shares.