{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-084293","form_type":"8-K","ticker":"SABR","cik":"0001597033","company_name":"Sabre Corp","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.586951+00:00","generated_at":"2026-05-15T22:39:58.199409+00:00","sec_items":["1.01","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sabre adopts one-year shareholder rights plan after Constellation accumulates 9.7% stake, breaks off talks","bullets":["Board adopted one-year rights plan effective March 1, 2026; triggers at 15% (20% for passive) ownership.","Constellation Software held 9.7% economic stake (4.7% beneficial + 5% derivatives) as of Nov 2025; sought two board seats.","Constellation broke off negotiations Feb 26 after nearing a governance agreement; then withdrew its nomination.","If triggered, rights holders (excluding triggering person) can acquire common shares at 50% discount.","Plan expires Feb 28, 2027; Board may redeem rights for $0.001 per right at any time before a trigger."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-084293","json":"https://secwatch.observer/filing/0001193125-26-084293.json","markdown":"https://secwatch.observer/filing/0001193125-26-084293.md","text":"https://secwatch.observer/filing/0001193125-26-084293.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526084293/0001193125-26-084293-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526084293/d253045d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:39:58.199409+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e2ccf88ffcc8dd8fde0439197031ce3d5c409333","claim":"Sabre Corp issued one preferred share purchase right (a 'Right') ... for each share of common stock of preferred stock for at a price of $7.00 per one one-thousandth of a Preferred Share.","evidence_excerpt":"holder to purchase from the Company one one-thousandth of a share of Series B Preferred Stock, par value $0.01 per share, of the Company (the “Preferred Shares”) at a price of $7.00 per one one-thousandth of a Preferred Share represented by a Right, subject to adjustment. The Rights are in all respects subject to and governed by the provisions of the Rights","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526084293/0001193125-26-084293-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"one preferred share purchase right (a 'Right') ... for each share of common stock"},{"label":"Consideration","value":"at a price of $7.00 per one one-thousandth of a Preferred Share"}],"fact_type":"equity_issuance"},{"claim_id":"263aee38dbb1413debc1638922ae5974cc05ed04","claim":"Sabre Corp: Filed Certificate of Designations of Series B Preferred Stock in connection with adoption of a Rights Agreement.","evidence_excerpt":"In connection with the adoption of the Rights Agreement, the Company will file a Certificate of Designations of Series B Preferred Stock with the Secretary of State of the State of Delaware.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526084293/0001193125-26-084293-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"d376fe1c658c1e8c59dd49b49c0d9f833cc2c4a3","claim":"Sabre Corp entered into Rights Agreement with Equiniti Trust Company, LLC (effective 2026-03-01).","evidence_excerpt":"the Company entered into a Rights Agreement (the “Rights Agreement”), dated as of March 1, 2026, between the Company and Equiniti Trust Company, LLC, as rights agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526084293/0001193125-26-084293-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Equiniti Trust Company, LLC"},{"label":"Effective","value":"2026-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}