Form 4 for LUCK Lucky Strike Entertainment Corp
Accepted 2023-10-02 00:00:00 ET · period of report 2023-09-29 · accession 0001628280-23-033515 · 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 | 2023-10-02 | 2023-09-29 | LUCK | Cobalt Group, LLC | 10% | M - OptEx | — | +2.30M | 2.30M | New | — |
| D | 2023-10-02 | 2023-09-29 | LUCK | Cobalt Group, LLC | 10% | M - OptEx | — | -2.30M | 6.05M | -28% | — |
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-09-29 | M | A | 2,300,000 | — | 2,300,000 | D | — | — | (F1) Represents the conversion of Class B Common Stock (as defined below) into Class A Common Stock (as defined below) held of record by the Reporting Persons. |
| 2 | Derivative | Class B Common Stock | 2023-09-29 | M | D | 2,300,000 | — | 6,048,227 | D | — · — to — | 2,300,000 Class A Common Stock | (F3) Represents shares of Class B Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the Acquisition. (F2) The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the acquisition by the Issuer of Legacy Bowlero (the "Acquisition"). |