Form 4/A for PROK PROKIDNEY CORP.
Accepted 2022-07-20 00:00:00 ET · period of report 2022-07-11 · accession 0001209191-22-042683 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMAI | 2022-07-20 | 2022-07-11 | PROK | Palihapitiya Chamath | 10% | A - Grant | $10.00 | +12.50M | 13.14M | +1,953% | +$125.00M |
| DAI | 2022-07-20 | 2022-07-11 | PROK | Palihapitiya Chamath | 10% | J - Other | $0.00 | -3.09M | 16.27M | -16% | $0 |
| DAI | 2022-07-20 | 2022-07-11 | PROK | Palihapitiya Chamath | 10% | M - OptEx | $0.00 | +6.22M | 19.36M | +47% | $0 |
| DAI | 2022-07-20 | 2022-07-11 | PROK | Palihapitiya Chamath | 10% | M - OptEx | $0.00 | -6.22M | 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 A ordinary shares | 2022-07-11 | A | A | 9,500,000 | $10.00 | 10,140,000 | I See footnote | — | — | (F1) The original Form 4, filed on July 13, 2022, is being amended by this amendment to (i) correct an administrative error which reported the aggregate amount of Class A ordinary shares ("shares") purchased by SC PIPE Holdings LLC ("PIPE Holdings") as 9,000,000 shares instead of 9,500,000 shares and (ii) report an indirect interest in shares purchased by a trust for the benefit of members of Mr. Palihapitiya's immediate family, as discussed in footnote 3 below. (F2) Represents shares purchased by PIPE Holdings in connection with the consummation of the business combination between the issuer and ProKidney LP (the "Business Combination"). PIPE Holdings is controlled by Mr. Palihapitiya. Mr. Palihapitiya may be deemed to beneficially own shares held by PIPE Holdings by virtue of his indirect interests in PIPE Holdings or his control over PIPE Holdings, as the case may be. |
| 2 | Common | Class A ordinary shares | 2022-07-11 | J | D | 3,087,000 | $0.00 | 16,273,000 | I See footnote | — | — | (F6) Represents the distribution for no consideration by the Sponsor of 6,860,000 shares to its members pro rata in accordance with their respective interests (the "Sponsor Distribution"). SC Master Holdings, LLC ("Master Holdings"), received 3,773,000 shares in the Sponsor Distribution. Master Holdings is controlled by Mr. Palihapitiya. Mr. Palihapitiya may be deemed to beneficially own shares held by Master Holdings by virtue of his indirect interests in Master Holdings or his control over Master Holdings, as the case may be. |
| 3 | Common | Class A ordinary shares | 2022-07-11 | A | A | 3,000,000 | $10.00 | 13,140,000 | I See footnote | — | — | (F1) The original Form 4, filed on July 13, 2022, is being amended by this amendment to (i) correct an administrative error which reported the aggregate amount of Class A ordinary shares ("shares") purchased by SC PIPE Holdings LLC ("PIPE Holdings") as 9,000,000 shares instead of 9,500,000 shares and (ii) report an indirect interest in shares purchased by a trust for the benefit of members of Mr. Palihapitiya's immediate family, as discussed in footnote 3 below. (F3) Represents shares purchased by a trust for the benefit of Mr. Palihapitiya's immediate family in connection with the consummation of the Business Combination. |
| 4 | Common | Class A ordinary shares | 2022-07-11 | M | A | 6,220,000 | $0.00 | 19,360,000 | I See footnote | — | — | (F5) The Sponsor is managed by its managers, Chamath Palihapitiya and Kishan Mehta. A majority of the voting interests of the Sponsor are held by SC SPAC Holdings LLC, which is controlled by Mr. Palihapitiya. Mr. Palihapitiya may be deemed to beneficially own shares held by the Sponsor by virtue of his indirect interests in the Sponsor or his shared control over the Sponsor, as the case may be. (F4) The Class B ordinary shares held by SCS Sponsor III LLC (the "Sponsor") converted to shares on a one-for-one basis upon the consummation of the Business Combination. |
| 5 | Derivative | Class B ordinary shares | 2022-07-11 | M | D | 6,220,000 | $0.00 | 0 | I See footnote | — · — to — | 6,220,000 Class A ordinary shares | (F5) The Sponsor is managed by its managers, Chamath Palihapitiya and Kishan Mehta. A majority of the voting interests of the Sponsor are held by SC SPAC Holdings LLC, which is controlled by Mr. Palihapitiya. Mr. Palihapitiya may be deemed to beneficially own shares held by the Sponsor by virtue of his indirect interests in the Sponsor or his shared control over the Sponsor, as the case may be. (F4) The Class B ordinary shares held by SCS Sponsor III LLC (the "Sponsor") converted to shares on a one-for-one basis upon the consummation of the Business Combination. (F7) The Class B ordinary shares were automatically convertible into shares at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. |