Nelson Andrew Rowan 4
4 · P10, Inc. · Filed Nov 22, 2022
Insider Transaction Report
Form 4
Nelson Andrew Rowan
Other
Transactions
- Sale
Class B Common Stock
2022-11-18$9.44/sh−40,000$377,568→ 971,307 total→ Class A Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Holders of Class B Common Stock may elect to convert such shares on a one-for-one basis into Class A Common Stock at any time. After a Sunset (as defined below) becomes effective, each share of Class B Common Stock will automatically convert into Class A Common Stock.
- [F2]Continued from Footnote 1: A "Sunset" is triggered by any of the earlier of the following: (i) the Sunset Holders (as defined in the amended and restated certificate of incorporation of the Issuer (the "Charter")) cease to maintain direct or indirect beneficial ownership of 10% of the outstanding shares of Class A Common Stock (determined assuming all outstanding shares of Class B Common Stock have been converted into Class A Common Stock), (ii) the Sunset Holders collectively cease to maintain direct or indirect beneficial ownership of at least 25% of the aggregate voting power of the outstanding shares of Common Stock, and (iii) upon the tenth anniversary of the effective date of the Charter.