Cassella Daniel A 4
4 · Gaming & Hospitality Acquisition Corp. · Filed Feb 9, 2021
Insider Transaction Report
Form 4
Cassella Daniel A
Director
Transactions
- Other
Class B Common Stock
2021-02-05+7,500→ 7,500 total→ Class A Common Stock (7,500 underlying)
Footnotes (2)
- [F1]Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to adjustment, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-252182), and have no expiration date.
- [F2]Concurrent with the closing of the Issuer's initial public offering and the surrender by Affinity Gaming Holdings, L.L.C. of an aggregate of 37,500 shares of Class B common stock, the Issuer issued 7,500 shares of Class B common stock to the Reporting Person. In the event the Registered Person resigns or otherwise ceases to be a director of the Issuer, other than due to removal not for cause, prior to the consummation of the Issuer's initial business combination, the Reporting Person shall, at the request of Affinity Gaming Holdings, L.L.C. assign such 7,500 shares of Class B common stock to Affinity Gaming Holdings, L.L.C. for no further consideration.