Form 4 for ULS UL Solutions Inc.
Accepted 2024-09-11 00:00:00 ET · period of report 2024-09-09 · accession 0001493152-24-035820 · 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 | 2024-09-11 | 2024-09-09 | ULS | ULSE Inc. | 10% | C - Cnv Deriv | — | +20.00M | 20.00M | New | — |
| D | 2024-09-11 | 2024-09-09 | ULS | ULSE Inc. | 10% | S - Sale | $49.00 | -20.00M | 0 | -100% | -$980.00M |
| D | 2024-09-11 | 2024-09-09 | ULS | ULSE Inc. | 10% | C - Cnv Deriv | $0.00 | -20.00M | 141.13M | -12% | $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 Common Stock | 2024-09-09 | C | A | 20,000,000 | — | 20,000,000 | D | — | — | (F1) The Class B Common Stock is convertible at any time at the option of the holder into shares of Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert upon the earlier of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the seven year anniversary of the closing of the Issuer's initial public offering ("IPO") and (iii) the date on which the number of outstanding shares of Class B Common Stock held by the reporting person and certain permitted transferees represents less than 35% of the shares of Class B Common Stock held by the reporting person immediately following the closing of the Issuer's IPO. |
| 2 | Common | Class A Common Stock | 2024-09-09 | S | D | 20,000,000 | $49.00 | 0 | D | — | — | |
| 3 | Derivative | Class B Common Stock | 2024-09-09 | C | D | 20,000,000 | $0.00 | 141,130,000 | D | — · — to — | 20,000,000 Class A Common Stock | (F1) The Class B Common Stock is convertible at any time at the option of the holder into shares of Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert upon the earlier of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the seven year anniversary of the closing of the Issuer's initial public offering ("IPO") and (iii) the date on which the number of outstanding shares of Class B Common Stock held by the reporting person and certain permitted transferees represents less than 35% of the shares of Class B Common Stock held by the reporting person immediately following the closing of the Issuer's IPO. |