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RideNow Group, Inc. — Director's Dealing 2023
Dec 12, 2023
33803_dirs_2023-12-12_deadc0e2-90fd-4247-9596-5c050d2835a8.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: 2023-12-08
Reporting Person: Stone House Capital Management, LLC (Member of a 10% Group)
Reporting Person: SH Capital Partners, L.P. (10% Owner)
Reporting Person: Cohen Mark Alexander (Director, Member of a 10% Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-08 | Class B Common Stock | P | 1721645 | $5.50 | Acquired | 6398144 | Indirect |
Footnotes
F1: SH Capital Partners, L.P. ("Partners") purchased 1,721,645 shares of Class B Common Stock of the issuer pursuant to a backstop private placement of the issuer, whereby Partners, as previously agreed to, purchased a pro rata portion of shares of Class B Common Stock of the issuer that remained unsubscribed following the expiration of the issuer's rights offering.
F2: Partners purchased the shares of Class B Common Stock of the issuer at an exercise price of $5.50 per share.
F3: This statement is jointly filed by and on behalf of each of Stone House Capital Management, LLC ("Stone House"), Partners and Mark Cohen. Partners is the record and direct beneficial owner of the securities covered by this statement. Stone House is the general partner and investment manager of, and may be deemed to beneficially own securities owned by, Partners. Mr. Cohen is the managing member of, and may be deemed to beneficially own securities owned by, Stone House.
F4: Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
F5: Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer.