Light Street Mercury Master Fund, L.P. 4
4 · GTY Technology Holdings Inc. · Filed Feb 22, 2019
Insider Transaction Report
Form 4
LIGHT STREET CAPITAL MANAGEMENT, LLC
10% Owner
Transactions
- Other
Class A ordinary shares, par value $0.0001 per share
2019-02-19−2,111,409→ 388,591 total(indirect: See footnotes)
Holdings
- 833,333(indirect: See footnotes)
Warrants (right to buy)
Exercise: $11.50→ Common Stock (833,333 underlying)
Footnotes (5)
- [F1]In connection with the consummation of the Issuer's initial business combination on February 19, 2019 ("Closing"), these Class A ordinary shares ("Shares") were redeemed by the Issuer for cash at a price of $10.29361779 per Share.
- [F2]Upon Closing, the remaining Shares were exchanged, on a one-for-one basis, into shares of common stock, par value $0.0001 per share ("Common Stock").
- [F3]These shares are held directly for the account of Light Street Mercury Master Fund, L.P. ("Mercury"), and indirectly by Light Street Capital Management, LLC ("LSCM") and Glen Thomas Kacher ("Mr. Kacher").
- [F4]LSCM serves as investment adviser and general partner to Mercury. Mr. Kacher is the Chief Investment Officer and Founder of LSCM. Each of LSCM, Mr. Kacher, and Mercury disclaims beneficial ownership of the Shares reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of such Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F5]Upon Closing, each warrant to purchase one Share held by the Reporting Persons became exercisable to purchase one share of Common Stock commencing 30 days following the completion of the business combination, or on March 21, 2019. The warrants expire five years after the completion of the business combination (February 19, 2024), or earlier upon redemption or liquidation.