---
schema_version: "secwatch.filing_event.v1"
accession: "0001046327-22-000089"
form_type: "8-K"
ticker: null
cik: "0001046327"
company_name: "REALNETWORKS INC"
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-20T23:49:08.247499+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# RealNetworks completes going-private merger with CEO Rob Glaser at $0.73/share

## Summary
- Merger closed Dec 21, 2022; shareholders receive $0.73 per share in cash.
- Common stock and preferred share purchase rights to be delisted from Nasdaq.
- Robert Glaser becomes sole manager; all prior directors resign.
- Vested stock options and RSUs cashed out; unvested options with exercise price >= $0.73 canceled for no value.
- Transaction approved by special committee and shareholders; funded by Glaser's cash.

## SEC filing metadata
- accession: 0001046327-22-000089
- form_type: 8-K
- cik: 0001046327
- company_name: REALNETWORKS INC
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 3.01, 5.01, 3.03, 5.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046327/000104632722000089/0001046327-22-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046327/000104632722000089/rnwk-20221221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046327-22-000089
- JSON: https://secwatch.observer/filing/0001046327-22-000089.json
- Plain text: https://secwatch.observer/filing/0001046327-22-000089.txt

## Key facts
- Executive change
  Robert Glaser was appointed as sole manager at REALNETWORKS INC.
  - Action: appointed
  - Role: sole manager
  source text: Mr. Glaser became the sole manager of the Surviving Company, as successor to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046327/000104632722000089/0001046327-22-000089-index.htm
- M&A Transactions
  REALNETWORKS INC underwent a change of control involving Greater Heights LLC for $0.73 in cash (closed 2022-12-21).
  - Action: change of control
  - Counterparty: Greater Heights LLC
  - Consideration: $0.73 in cash
  - Closing: 2022-12-21
  source text: issued and outstanding share of the Company’s common stock (subject to certain exceptions set forth in the Merger Agreement) was canceled and converted into the right to receive $0.73 in cash, without interest (the “Merger Consideration”). As disclosed in the definitive proxy filed on November 7, 2022, the funds needed to pay the Merger Consideration will be
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046327/000104632722000089/0001046327-22-000089-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.