SVAC Sponsor LLC 4
4 · Cyxtera Technologies, Inc. · Filed Aug 2, 2021
Insider Transaction Report
Form 4
SVAC Sponsor LLC
10% Owner
Transactions
- Award
Warrants
2021-07-29$1.50/sh−6,723,127$10,084,691→ 6,723,127 total→ Class A Common Stock (6,723,127 underlying) - Exercise/Conversion
Class B Common Stock
2021-07-29−9,480,713→ 0 total→ Class A Common Stock (9,480,713 underlying) - Exercise/Conversion
Class A Common Stock
2021-07-29+9,480,713→ 9,480,713 total
Footnotes (3)
- [F1]Represents shares of Class B common stock that converted into shares of Class A common stock of Cyxtera Technologies, Inc. (f/k/a Starboard Value Acquisition Corp.) (the "Issuer") in connection with the business combination between the Issuer, Mundo Merger Sub 1, Inc., Mundo Merger Sub 2, LLC, Cyxtera Technologies, Inc., and Mundo Holdings, Inc. (the "Business Combination").
- [F2]SVAC Sponsor LLC is the direct owner of the securities on this Form 4. SVAC Manager LLC, a Delaware limited liability company, is the Manager of SVAC Sponsor LLC.
- [F3]The warrants will become exercisable 12 months from the closing of Starboard Value Acquisition Corp.'s initial public offering, which closed on September 14, 2020. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share (subject to adjustment). These warrants are being reported as acquired on July 29, 2021 due to the satisfaction of a condition precedent through the closing of the initial business combination.