Form 4 for AUR Aurora Innovation, Inc.
Accepted 2021-11-05 00:00:00 ET · period of report 2021-11-03 · accession 0000899243-21-043380 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-11-05 | 2021-11-03 | AUR | PINCUS MARK J | FORMER Dir | A - Grant | $10.00 | +1.00M | 400.0K | New | +$10.00M |
| DI | 2021-11-05 | 2021-11-03 | AUR | PINCUS MARK J | FORMER Dir | M - OptEx | — | +6.88M | 6.88M | New | — |
| DMI | 2021-11-05 | 2021-11-03 | AUR | PINCUS MARK J | FORMER Dir | A - Grant | $2.50 | +10.07M | 1.17M | New | +$25.19M |
| DI | 2021-11-05 | 2021-11-03 | AUR | PINCUS MARK J | FORMER Dir | M - OptEx | — | -6.88M | 0 | -100% | — |
| DI | 2021-11-05 | 2021-11-03 | AUR | PINCUS MARK J | FORMER Dir | D - Sale to Iss | — | -17.43M | 6.88M | -72% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-11-03 | A | A | 600,000 | $10.00 | 600,000 | I See Footnote | — | — | (F2) Reflects securities held directly by Workplay Ventures LLC. On the basis of the reporting person's relationship with Workplay Ventures LLC, the reporting person may be deemed a beneficial owner of the securities held by Workplay Ventures LLC. The reporting person disclaims beneficial ownership of the securities held by Workplay Ventures LLC, except to the extent of his pecuniary interest therein. |
| 2 | Common | Class A Common Stock | 2021-11-03 | M | A | 6,883,086 | — | 6,883,086 | I See Footnote | — | — | (F5) 75% of such shares are subject to vesting in tranches of 1/3 if the volume weighted average price of the Issuer's shares of Class A common stock equals or exceeds $15.00, $17.50 or $20.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the Business Combination. On November 3, 2031, any unvested shares will be automatically forfeited. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction. (F4) Pursuant to the Business Combination, RTPY domesticated as a Delaware corporation and changed its name to "Aurora Innovation, Inc." (the "Domestication"), and each RTPY Class B ordinary share that was issued and outstanding as of immediately prior to the Domestication was automatically converted into one share of the Issuer's Class A common stock upon the Domestication. (F6) Reflects securities held directly by Reinvent Sponsor Y LLC (the "Sponsor"). The reporting person may be deemed a beneficial owner of securities held by the Sponsor by virtue of his shared control over and indirect pecuniary interest in the Sponsor. The reporting person disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein. |
| 3 | Common | Class A Common Stock | 2021-11-03 | A | A | 400,000 | $10.00 | 400,000 | I See Footnote | — | — | (F3) Reflects securities held directly by MJP DT Holdings LLC. On the basis of the reporting person's relationship with MJP DT Holdings LLC, the reporting person may be deemed a beneficial owner of the securities held by MJP DT Holdings LLC. The reporting person disclaims beneficial ownership of the securities held by MJP DT Holdings LLC, except to the extent of his pecuniary interest therein. |
| 4 | Derivative | Private Placement Warrants | 2021-11-03 | A | A | 8,900,000 | $2.50 | 8,900,000 | I See Footnote | $11.50 · — to — | 8,900,000 Class A Common Stock | (F6) Reflects securities held directly by Reinvent Sponsor Y LLC (the "Sponsor"). The reporting person may be deemed a beneficial owner of securities held by the Sponsor by virtue of his shared control over and indirect pecuniary interest in the Sponsor. The reporting person disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein. (F8) Represents Private Placement Warrants acquired from the Issuer in connection with the Issuer's initial public offering. Each warrant is exercisable for one share of the Issuer's Class A common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants may be exercised commencing on December 3, 2021 and expire on November 3, 2026 or earlier upon redemption or liquidation. |
| 5 | Derivative | Class B Common Stock | 2021-11-03 | A | A | 1,174,642 | — | 1,174,642 | I See Footnote | — · — to — | 1,174,642 Class A Common Stock | (F9) Upon the consummation of, and pursuant to, the Business Combination, shares of Class B Stock of Aurora held by Reinvent Capital Fund LP ("Reinvent Capital Fund") were cancelled and converted into 1,174,642 shares of Issuer's Class B common stock at a deemed value of $10.00 per share. (F11) Reflects securities held directly by Reinvent Capital Fund. The reporting person may be deemed a beneficial owner of securities held by Reinvent Capital Fund by virtue of his shared control over and indirect pecuniary interest in Reinvent Capital Fund. The reporting person disclaims beneficial ownership of the securities held by Reinvent Capital Fund, except to the extent of his pecuniary interest therein. (F10) Each share of Issuer Class B common stock is convertible at any time by the holder into one share of Issuer Class A common stock. Pursuant to the terms of the Issuer's charter (the "Charter"), each share of Issuer Class B common stock (i) is convertible at any time by the holder into one share of Issuer Class A common stock and (ii) automatically converts into one share of Issuer Class A common stock upon transfer to a recipient that is not a permitted transferee, upon the death of the holder, or as otherwise set forth in the Charter. |
| 6 | Derivative | Class B Ordinary Shares | 2021-11-03 | M | D | 6,883,086 | — | 0 | I See Footnote | — · — to — | 6,883,086 Class A Common Stock | (F4) Pursuant to the Business Combination, RTPY domesticated as a Delaware corporation and changed its name to "Aurora Innovation, Inc." (the "Domestication"), and each RTPY Class B ordinary share that was issued and outstanding as of immediately prior to the Domestication was automatically converted into one share of the Issuer's Class A common stock upon the Domestication. (F6) Reflects securities held directly by Reinvent Sponsor Y LLC (the "Sponsor"). The reporting person may be deemed a beneficial owner of securities held by the Sponsor by virtue of his shared control over and indirect pecuniary interest in the Sponsor. The reporting person disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein. |
| 7 | Derivative | Class B Ordinary Shares | 2021-11-03 | D | D | 17,434,414 | — | 6,883,086 | I See Footnote | — · — to — | 17,434,414 Class A Common Stock | (F7) On November 3, 2021, pursuant to the terms of the Sponsor Agreement, dated as of July 14, 2021, by and among RTPY, Aurora and the Sponsor, the Sponsor forfeited 17,434,414 RTPY Class B ordinary shares as of immediately prior to the Domestication for no consideration. (F6) Reflects securities held directly by Reinvent Sponsor Y LLC (the "Sponsor"). The reporting person may be deemed a beneficial owner of securities held by the Sponsor by virtue of his shared control over and indirect pecuniary interest in the Sponsor. The reporting person disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein. |