Company: GDOT
Filing Date: 2025-11-26
Form Type: 8-K
Source: 0001140361-25-043544
Chunk: 1

Company: GREEN DOT CORP
Filing Date: 2025-11-26
Form: 8-K
Item: Item 1.01
Chunk 1
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 were
unanimously approved by the board of directors of Green Dot.

Merger Agreement

Upon the terms of and subject to the conditions set forth in the Merger Agreement, at the effective time of the First Mergers (the “ First Effective
Time”), each share of common stock, par value $0.001 per share, of Green Dot, issued and outstanding immediately prior to the First Effective Time (collectively, the “ Green Dot Common Stock”), other than certain excluded shares held by Green Dot,
CommerceOne or New CommerceOne, will be converted into the right to receive (i)0.2215shares (the “ Exchange Ratio”) of the common stock, par value $0.01 per share, of New
CommerceOne (the “ New CommerceOne Common Stock”) and (ii) an amount in cash equal to $8.11 ((i) and (ii) together, the “ Merger Consideration”), less any withholding and without interest.

At the First Effective Time and after giving effect to the equity award treatment set forth in the Separation Agreement (as described below), (i)
each outstanding Green Dot restricted stock unit award that is vested as of immediately prior to, or vests as a result of, the First Mergers, and each outstanding unvested Green Dot restricted stock unit award that, by its terms, would vest on or
before June 30, 2026 subject to the holder’s continued employment through such date, will be cancelled and converted into the right of the holder thereof to receive the Merger Consideration, (ii) each other outstanding unvested Green Dot restricted
stock unit award (other than those held by employees of the Business who are transferred to OpCo in connection with the Sale Transactions) will be converted into a corresponding award with respect to New CommerceOne Common Stock, with the number of
shares underlying such award adjusted based on the Equity Award Exchange Ratio (which is calculated by adding the (A) value of the Exchange Ratio to (B) value of the cash consideration divided by the implied share price, determind in accordance
with the Merger Agreement, of the New CommerceOne Common Stock, and rounding the result to the nearest one thousandth), (iii) each outstanding Green Dot performance stock unit award that was granted in fiscal year 2025 will be cancelled and
converted into the right of the holder thereof to receive the Merger Consideration, with the number of shares of Green Dot Common Stock subject to such award determined by deeming performance