Raynor Bruce S 4
4 · Montauk Renewables, Inc. · Filed Apr 1, 2021
Insider Transaction Report
Form 4
Raynor Bruce S
Director
Transactions
- Other
Contract for Difference
2021-01-26+1→ 370,472 total(indirect: See footnotes)→ Common Stock (370,472 underlying) - Other
Contract for Difference
2021-01-26+1→ 534,606 total(indirect: See footnote)→ Common Stock (534,606 underlying)
Footnotes (3)
- [F1]On January 13, 2021, Mr. Raynor and his spouse (together, the "Reporting Person") entered into contracts for difference ("CFDs") with Legae Peresec (BVI) Ltd ("Peresec") for a commission of ZAR 498,212.90 with respect to 534,606 and 370,472 ordinary shares, respectively, of Montauk Holding Limited ("MNK"). On January 26, 2021, MNK completed the distribution (the "Distribution"), as a stock dividend payable to all holders of record of its ordinary shares on January 21, 2021, of one share of Montauk Renewables, Inc. (the "Issuer") common stock for each MNK ordinary share held. On January 26, 2021, Peresec adjusted the CFDs in its role as calculation agent, to account for the Distribution, which adjustment gave the Reporting Person a pecuniary interest in 905,078 shares of the Issuer's common stock.
- [F2]The CFDs have no stated expiration date, subject to early unwind by the parties thereto.
- [F3]Mr. Raynor's spouse is the party to the CFD.