Fortress Value Acquisition Sponsor IV LLC 4
4 · Fortress Value Acquisition Corp. IV · Filed Apr 30, 2021
Insider Transaction Report
Form 4
Transactions
- Other
Class F Common Stock, par value $0.0001 per share
2021-04-30−1,000,000→ 16,200,000 total(indirect: See Footnote)→ Class A common stock, par value $0.0001 per share (1,000,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Issuer's certificate of incorporation, each issued and outstanding share of Class F common stock, par value $0.0001 per share ("Class F Common Stock"), of the Fortress Value Acquisition Corp. IV (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]Fortress Value Acquisition Sponsor IV LLC ("Sponsor") forfeited 1,000,000 shares of Class F common stock to the Issuer for no consideration in connection with the underwriter's election not to exercise the remaining unused portion of the over-allotment option
- [F3]Sponsor directly owns shares of Class F common stock of the Issuer.