Jenkins Benjamin J. sold DBRG
September 30, 2026 · Form 4 insider transaction
Jenkins Benjamin J. sold 461,255 shares of DigitalBridge Group, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Pursuant to the Merger Agreement, each unvested long-term incentive unit of the OP (an "LTIP Unit") outstanding became vested in accordance with its terms as of the Business Day prior to the effective time of the OP Merger (the "OP Merger Effective Time"), and the Issuer, as the managing member of the OP, thereafter exercised its right to cause a forced redemption of each vested LTIP Unit eligible for conversion pursuant to the limited liability company agreement of the OP, such that as of immediately prior to the OP Merger Effective Time, each vested Company OP LTIP Unit was converted into one common unit of membership interest in the OP, which (other than certain excluded units) automatically converted into the right to receive $16.00 per unit in cash, without interest and less any applicable withholding tax.; On September 30, 2026, pursuant to an Agreement and Plan of Merger, dated as of December 29, 2025 (the "Merger Agreement"), by and among DigitalBridge Group, Inc. (the "Issuer"), Duncan Holdco LLC, Duncan Sub I Inc. ("Merger Sub I"), Duncan Sub II LLC ("Merger Sub II") and DigitalBridge Operating Company, LLC (the "OP"), among other things, (i) Merger Sub I merged with and into the Issuer (the "Company Merger") with the Issuer surviving the Company Merger and (ii) Merger Sub II merged with and into the OP (the "OP Merger") with the OP surviving the OP Merger. At the effective time of the Company Merger (the "Company Merger Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.01 per share, (other than certain excluded shares) automatically converted into the right to receive $16.00 per share in cash, without interest and less any applicable withholding tax (the "Per Share Merger Consideration").