Sparks Scott Andrew sold HOS
September 1, 2026 · Form 4 insider transaction
Sparks Scott Andrew sold 250,292 shares of Hornbeck Offshore Services, Inc at $10.30 per share, a transaction worth $2.58M. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Pursuant to the Merger Agreement, each outstanding Helix performance share unit, whether or not vested, was canceled and converted into the right of the holder to receive a cash payment equal to the closing price of a share of Helix's common stock on the trading day immediately prior to the Closing Date multiplied by such number of shares subject to the award with performance deemed achieved based on the greater of target and actual level of performance through immediately prior to the effective time of the Mergers as reasonably determined by the Helix board of directors in good faith.; On September 1, 2026 (the "Closing Date"), pursuant to that certain Agreement and Plan of Merger, dated as of April 22, 2026 (the "Merger Agreement"), by and among Helix Energy Solutions Group, Inc. ("Helix"), Hornbeck Offshore Services, Inc. ("Hornbeck"), Odyssey Sub, Inc. and Hercules Sub LLC, the parties effected certain mergers (the "Mergers"). In connection with the Mergers, Helix converted from a Minnesota corporation to a Delaware corporation (the "Conversion") and Hornbeck became a wholly owned subsidiary of Helix. Following the Conversion and the Mergers, Helix was renamed "Hornbeck Offshore Services, Inc." (the "Combined Company").