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RideNow Group, Inc. — Director's Dealing 2021
Sep 4, 2021
33803_dirs_2021-09-03_d4770fc6-94a7-48c4-8a60-7df837aa5918.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RumbleOn, Inc. (RMBL)
CIK: 0001596961
Period of Report: 2021-07-30
Reporting Person: Chesrown Marshall (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-09-03 | Class B Common Stock | M | 154733 | — | Acquired | 250483 | Direct |
| 2021-09-03 | Class B Common Stock | F | 61850 | — | Disposed | 188633 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-07-30 | Restricted Stock Units | $ | A | 38521 | Acquired | Class B Common Stock (38521) | Direct | |
| 2021-08-31 | Restricted Stock Units | $ | A | 30000 | Acquired | Class B Common Stock (30000) | Direct | |
| 2021-09-03 | Restricted Stock Units | $ | D | 19544 | Disposed | Class B Common Stock (19544) | Direct | |
| 2021-09-03 | Restricted Stock Units | $ | D | 66668 | Disposed | Class B Common Stock (66668) | Direct | |
| 2021-09-03 | Restricted Stock Units | $ | D | 38521 | Disposed | Class B Common Stock (38521) | Direct | |
| 2021-09-03 | Restricted Stock Units | $ | D | 30000 | Disposed | Class B Common Stock (30000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 43750 | Direct |
Footnotes
F1: Represents shares of the Issuer's Class B Common Stock received upon delivery of shares underlying vested restricted stock units ("RSUs").
F2: Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F3: These RSUs were approved by the compensation committee of the Issuer's board of directors on March 12, 2021, subject to shareholder approval of the amendment to the Issuer's 2017 Stock Incentive Plan (the "Plan"). The Issuer's shareholders approved the amendment to the Plan on July 30, 2021. These RSUs were scheduled to vest in equal quarterly installments during the thirty-six month period following the grant date, assuming continuous service of the grantee.
F4: These RSUs were granted on August 31, 2021 and vest as set forth below in footnote 5.
F5: In connection with the Issuer's business combination with RideNow, the vesting of these RSUs were accelerated and the shares of Class B Common Stock were issued on September 3, 2021.