RideNow Group, Inc. — Director's Dealing 2021

Jul 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RumbleON, Inc. (RMBL)
CIK: 0001596961
Period of Report: 2021-07-02

Reporting Person: Levy Peter (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-02	Class B Common Stock	M	188	—	Acquired	8693	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-02	Restricted stock units	$	M	188	Disposed		Class B Common Stock (188)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted stock units	$		Class B common stock (16287)	16287	Direct
Restricted stock units	$		Class B common stock (66666)	66666	Direct
Restricted stock units	$		Class B common stock (1250)	1250	Direct

Footnotes

F1: Represents shares of RumbleOn, Inc. ("RMBL") Class B Common Stock received upon vesting of Restricted Stock Units ("RSUs"). The shares were delivered on July 2, 2021.

F2: Each RSU represents a contingent right to receive one share of RMBL Class B Common Stock.

F3: These RSUs were granted on August 22, 2019.

F4: The RSUs vest (1) 20% on the last day of the ninth month following the grant date, (2) 7.5% every three months on the last day of each three month period beginning on the last day of the twelfth month following the grant date through the last of the twenty-first month following the grant date and (3) 12.5% every three months on the last day of each three month period beginning on the last day of the twenty-fourth month following the grant date through the last day of the thirty-first month following the grant date.

F5: These RSUs were approved by the compensation committee of the board of directors of RMBL on July 15, 2020, subject to shareholder approval of the amendment to the RumbleOn, Inc. 2017 Stock Incentive Plan stock under which the RSUs were granted and ratification of this RSU award. RMBL shareholders approved the plan on August 25, 2020.

F6: These RSUs vest (1) 20.0% on the thirteenth month after the grant date, (2) an additional 30.0% during the subsequent twelve months of the initial vesting, and (3) the final 50.0% during the following twelve months.

F7: These RSUs vest as follows: one third shall vest on the first trading day after the RMBL's Class B Common Stock closes at a stock price of $50 per share or greater for 30 consecutive trading days; one third shall vest on the first trading day after the RMBL's Class B Common Stock closes at a stock price of $100 per share or greater for 30 consecutive trading days; and one third shall vest on the first trading day after the RMBL's Class B Common stock closes at a stock price of $200 per share or greater for 30 consecutive trading days. These RSUs have a term of 30 months.

F8: These RSUs were granted on June 25, 2018.

F9: The RSUs vest (1) 20% on the last day of the thirteenth month following the grant date, (2) 2.5% monthly on the last day of each month beginning on the last day of the fourteenth month following the grant date through the last of the twenty-fifth month following the grant date and (3) 4.17% monthly on the last day of each month beginning on the last day of the twenty-sixth month following the grant date through the last day of the thirty-seventh month following the grant date.