07/21/2026 | Press release | Distributed by Public on 07/21/2026 14:05
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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ABRY Partners VII, L.P. C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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ABRY PARTNERS II, LLC C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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ABRY Partners VII Co-Investment Fund, L.P. C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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ABRY INVESTMENT PARTNERSHIP, L.P. C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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ABRY Senior Equity IV, L.P. C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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ABRY Senior Equity Co-Investment Fund IV, L.P. C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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YUDKOFF ROYCE C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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KOENIG PEGGY C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
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Grossman Jay M. C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, SUITE 1600 BOSTON, MA 02199 |
X | |||
| ABRY PARTNERS VII, L.P., /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| ABRY PARTNERS II, LLC, /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| ABRY PARTNERS VII CO-INVESTMENT FUND, L.P., /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| ABRY INVESTMENT PARTNERSHIP, L.P., /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| ABRY SENIOR EQUITY IV, L.P, /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| ABRY SENIOR EQUITY CO-INVESTMENT FUND IV, L.P, /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| ROYCE YUDKOFF, /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| PEGGY KOENIG, /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date | |
| JAY GROSSMAN, /s/ Kostas Sofronas, By: Kostas Sofronas, Attorney-in-Fact | 07/21/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The reported amounts reflect the 1-for-5 reverse stock split effected by the Issuer on July 1, 2024 of its Common stock ("Common Stock"). |
| (2) | The reported securities were disposed of in connection with the consummation ("Closing") of the merger (the "Merger") of Issuer and KONA Merger Sub Co., a wholly owned subsidiary of KONA Parent, L. P. ("Parent"). Immediately prior to Closing, and pursuant to certain voting, support and rollover agreements, ABRY Partners VII, L.P. and ABRY Partners VII Co-Investment Fund, L.P. contributed 4,300,157 and 248,042 shares of Common Stock, respectively, to Parent, in exchange for interests in Parent. Upon Closing, each share of Common Stock not held by Parent was cancelled and converted into the right to receive a cash payment of $9.25 per share. |
| (3) | ABRY Partners VII, L.P., ABRY Partners VII Co-Investment Fund, L.P., ABRY Investment Partnership, L.P., ABRY Senior Equity IV, L.P. and ABRY Senior Equity Co-Investment Fund IV, L.P. (collectively, the "ABRY Funds") are managed and/or controlled by ABRY Partners, LLC ("ABRY I") and ABRY Partners II, LLC ("ABRY II") and/or their respective affiliates. ABRY I and ABRY II are investment advisors registered with the SEC. Royce Yudkoff, as managing member of ABRY I and sole member of certain of its affiliates, has the right to exercise investment and voting power on behalf of ABRY Investment Partnership, L.P. Peggy Koenig and Jay Grossman, as equal members of ABRY II and of certain of its affiliates, have the right to exercise investment and voting power on behalf of the ABRY Funds. |
| (4) | Each of ABRY I, ABRY II, Royce Yudkoff, Peggy Koenig and Jay Grossman disclaims beneficial ownership of the shares reported herein, except to the extent of their respective pecuniary interests therein, and the inclusion of the shares reported herein in any Section 16 report by such Reporting Persons shall not be deemed to be an admission of beneficial ownership of the shares reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. |