Form 4 for RDNW RideNow Group, Inc.
Accepted 2023-12-07 00:00:00 ET · period of report 2023-12-05 · accession 0001104659-23-124387 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-07 | 2023-12-05 | RDNW | Coulter William | Dir, 10% | M - OptEx | $5.50 | +2.83M | 5.46M | +107% | +$15.55M |
| D | 2023-12-07 | 2023-12-05 | RDNW | Coulter William | Dir, 10% | M - OptEx | $0.00 | -2.62M | 0 | -100% | $0 |
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 B Common Stock | 2023-12-05 | M | A | 2,827,037 | $5.50 | 5,460,667 | D | — | — | (F1) Represents the number of shares of Class B Common Stock of the issuer that William Coulter (the "Reporting Person") purchased in the issuer's rights offering pursuant to the exercise of his subscription rights. The closing of the rights offering and the issuance of the Class B Common Stock of the issuer is expected to be on or about December 8, 2023. (F2) The effective purchase price of the shares of Class B Common Stock of the issuer underlying the subscription rights issued in connection with the issuer's rights offering was $5.50 per share. (F3) Includes 1,233,498 shares of Class B Common Stock of the issuer held by The WRC 2021 Irrevocable Trust, for which Mr. Coulter serves as Trustee, and 63,136 shares of Class B Common Stock of the issuer held by WJC Properties, L.L.C., for which Mr. Coulter serves as Manager. |
| 2 | Derivative | Subscription Rights (right to buy) | 2023-12-05 | M | D | 2,621,405 | $0.00 | 0 | D | $5.50 · 2023-11-13 to 2023-12-05 | 2,827,037 Class B Common Stock |