Fortress Value Acquisition Sponsor IV LLC 4
4 · Fortress Value Acquisition Corp. IV · Filed Apr 26, 2021
Insider Transaction Report
Form 4
Transactions
- Sale
Class F Common Stock, par value $0.0001 per share
2021-04-26$0.00/sh−25,000$35→ 17,200,000 total(indirect: See footnote)→ Class A common stock, par value $0.0001 per share (25,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Issuer's certificate of incorporation, each issued and outstanding share of Class F common stock of the Issuer has no expiration date and will automatically convert into one share of Class A common stock of the Issuer 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 adjustment pursuant to certain anti-dilution rights.
- [F2]Sponsor sold 25,000 shares of Class F common stock for the aggregate consideration of $36.23.
- [F3]Fortress Value Acquisition Sponsor IV LLC ("Sponsor") directly owns shares of Class F common stock, par value $0.0001 per share ("Class F Common Stock"), of Fortress Value Acquisition Corp. IV (the "Issuer"), including 2,250,000 shares of Class F Common Stock that are subject to forfeiture if the underwriters of the Issuer's initial public offering do not exercise in full an option granted to it to cover over-allotments.