Qumu (QUMU) director Olson disposed of 194,372 shares at $0.90

Insider transactions reported

Robert F Olson (director at Qumu Corporation, QUMU) reported that they disposed of 194,372 shares at $0.90 between Feb 7, 2023 and Feb 8, 2023. After these transactions the filing shows 0 shares held directly and 0 shares held indirectly (By Trust).

Reporting person

Olson Robert F

Options and other derivatives

Holdings before and after

• Common Stock: 146,527 to 0 direct
• Common Stock: 47,845 to 0 indirect, By Trust
• Restricted Stock Units: 25,000 to 0 direct

Footnotes from the filing

1. 1. On December 19, 2022, the Issuer entered into an Agreement and Plan of Merger (the Merger Agreement ), by and among the Issuer, Enghouse Interactive, Inc. and Cosmos Merger Sub, Inc. ( Purchaser ), providing for an offer by Purchaser to purchase all of the outstanding common stock of the Issuer (the Offer ) for $0.90 per share followed by a merger of Purchaser with and into the Issuer (the Merger ), with the Issuer surviving as a wholly owned subsidiary of Enghouse Interactive, Inc. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding award of restricted stock, restricted stock units and the earned portion of each performance stock unit award was vested as of immediately before the Effective Time and was canceled and converted into the right to receive an amount in cash, without interest and subject to any required withholding taxes, equal to $0.90 per share, multiplied by the number of shares of Common Stock subject to such award.

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