4//SEC Filing
Nance William Bennett 4
Accession 0000905148-24-000912
CIK 0001817232other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:58 PM ET
Size
6.7 KB
Accession
0000905148-24-000912
Insider Transaction Report
Form 4
Global Gas CorpHGAS
Nance William Bennett
Director
Transactions
- Disposition to Issuer
Class B Common Stock
2024-03-04−1,440,000→ 2,000,000 total→ Class A Common Stock (1,440,000 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the forfeiture agreement, dated March 4, 2024, between the Issuer and the Reporting Person, the Reporting Person forfeited 1,440,000 shares of Class B Common Stock.
- [F2]Pursuant to the terms of the Exchange Agreement entered into on December 21, 2023 between the Issuer, Global Gas Holdings LLC, a wholly-owned subsidiary of the Issuer ("Holdings"), and each of the Reporting Person, Sergio Martinez and Barbara Guay Martinez (collectively, the "Sellers"), the Sellers have the right, following December 21, 2023, and at any time after the expiration of a lock-up to which the shares of Class B Common Stock are subject, to exchange their Paired Interests, consisting of Holdings Common Units and shares of Class B Common Stock, for, at the option of the Issuer, cash or shares of Class A Common Stock, on a one-for-one basis, subject to customary adjustments. (Continued in following footnote)
- [F3](Continued from previous footnote) The Paired Interests have no expiration date. At the time of any such exchange, the shares of Class B Common Stock exchanged by the Reporting Person, which have no economic value and entitle holders thereof to one vote per share on all matters on which stockholders of the Issuer are entitled to vote generally, will be cancelled.
Documents
Issuer
Global Gas Corp
CIK 0001817232
Entity typeother
Related Parties
1- filerCIK 0001823600
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:58 PM ET
- Size
- 6.7 KB