Sharda Mukesh Form 4 Startek / Mukesh Sharda ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Sharda Mukesh

(Last) (First) (Middle)

C/O STARTEK, INC.

6200 SOUTH SYRACUSE WAY, SUITE 485

(Street)

GREENWOOD VILLAGE CO 80111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Startek, Inc. [ SRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/05/2024		D		41,360	D	(1)	0	D
Common Stock	01/05/2024		D		206,814	D	(1)	0	I	Tribus Capital Limited(2)
Common Stock	01/05/2024		D		274,064	D	(1)	0	I	Advance Crest Investments Limited(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$6.44	01/05/2024		D			4,847	10/01/2018	10/01/2028	Common Stock	4,847	(4)	0	D
Stock Options	$6.54	01/05/2024		D			5,066	01/02/2019	01/02/2029	Common Stock	5,066	(4)	0	D
Stock Options	$8.02	01/05/2024		D			4,333	04/01/2019	04/01/2029	Common Stock	4,333	(4)	0	D
Stock Options	$8.39	01/05/2024		D			4,387	07/01/2019	07/01/2029	Common Stock	4,387	(4)	0	D
Stock Options	$6.39	01/05/2024		D			5,925	10/01/2019	10/01/2029	Common Stock	5,925	(4)	0	D
Stock Options	$8.14	01/05/2024		D			4,642	01/02/2020	01/02/2030	Common Stock	4,642	(4)	0	D
Stock Options	$3.31	01/05/2024		D			11,138	04/01/2020	04/01/2030	Common Stock	11,138	(4)	0	D
Stock Options	$5.06	01/05/2024		D			7,107	07/01/2020	07/01/2030	Common Stock	7,107	(4)	0	D
Stock Options	$5.23	01/05/2024		D			6,871	10/01/2020	10/01/2030	Common Stock	6,871	(4)	0	D
Stock Options	$7.83	01/05/2024		D			4,561	01/04/2021	01/04/2031	Common Stock	4,561	(4)	0	D
Stock Options	$7.84	01/05/2024		D			4,437	04/01/2021	04/01/2031	Common Stock	4,437	(4)	0	D
Stock Options	$7.12	01/05/2024		D			4,889	07/01/2021	07/01/2031	Common Stock	4,889	(4)	0	D
Stock Options	$6.25	01/05/2024		D			5,575	10/01/2021	10/01/2031	Common Stock	5,575	(4)	0	D
Stock Options	$5.26	01/05/2024		D			6,586	01/03/2022	01/03/2032	Common Stock	6,586	(4)	0	D
Stock Options	$4.52	01/05/2024		D			7,572	04/01/2022	04/01/2032	Common Stock	7,572	(4)	0	D

Explanation of Responses:

1. Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 10, 2023, by and among the Issuer, Stockholm Parent, LLC, a Delaware limited liability company, and Stockholm Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent, in exchange for cash consideration of $4.30 per share of common stock of the Issuer (the "Merger Consideration") at the effective time of the merger.

2. The Reporting Person is one-third owner of Tribus Capital Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein.

3. The Reporting Person is a 50% owner of Advance Crest Investments Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein.

4. Stock options of the Issuer were canceled in the merger in exchange for an amount in cash equal to the excess, if any, of the per share Merger Consideration over the per share exercise price of such stock options. Any stock options with respect to which the per share exercise price was equal to or greater than the per share Merger Consideration was canceled in exchange for no consideration.

	/s/ Teri Scott, as attorney-in-fact	01/05/2024
	** Signature of Reporting Person	Date
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