Trean Insurance Group (TIG) executive O'Brien returned to the company 3,509,120 shares at $6.15

Insider transactions reported

Andrew O'Brien (executive at Trean Insurance Group Inc., TIG) reported that they returned to the company 3,509,120 shares at $6.15 on Apr 21, 2023. After these transactions the filing shows 0 shares held indirectly (See footnotes).

Reporting person

O'Brien Andrew

Holdings before and after

• Common Stock: 3,509,120 to 0 indirect, See footnotes

Footnotes from the filing

1. 1. Pursuant to the Agreement and Plan of Merger, dated as of December 15, 2022 (the Merger Agreement ), by and among Treadstone Parent Inc., a Delaware corporation ( Parent ), Treadstone Merger Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Parent, and Trean Insurance Group, Inc. (the Company ), each share of common stock, par value $0.01 per share, of the Company ( Company Common Stock ) was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to the per share merger consideration of $6.15. As a result of the Merger, Reporting Person no longer beneficially owns, directly or indirectly, any shares of Company Common Stock, and after giving effect to the Company's delisting and deregistration, will cease to have reporting obligations.
2. 2. 2,000,000 shares of Company Common Stock were disposed of pursuant to a contribution and exchange agreement between the Reporting Person and an indirect owner of Parent in exchange for equity interests of such indirect owner of Parent, having an equivalent value as of the effective date of the merger based on the per share merger consideration of $6.15. 1,509,120 shares of Company Common Stock will be settled for cash, as described in Footnote 1.
3. 3. These shares of Company Common Stock were held by the Andrew M. O'Brien Premarital Trust, of which the Reporting Person is the trustee.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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