Huatai Securities Co., Ltd. 4
4 · AssetMark Financial Holdings, Inc. · Filed Jul 19, 2019
Insider Transaction Report
Form 4
Huatai Securities Co., Ltd.
10% Owner
Transactions
- Other
Common stock
2019-07-17−7,151,201→ 0 total(indirect: By LLC)
Holdings
- 58,998,799(indirect: By Huatai International Investment Holdings Limited)
Common stock
Footnotes (3)
- [F1]AssetMark Holdings LLC ("AH LLC") conducted a distribution of 66,150,000 shares of the Issuer's common stock to AH LLC's members on a pro-rata basis in respect of their respective interests in AH LLC, for no consideration (the "Distribution"). This included a distribution of 58,998,799 shares to Huatai International Investment Holdings Limited ("HIIHL"), which is an exempt transaction pursuant to Securities and Exchange Act Rule 16a-13 as a mere change in form of ownership. The number here reflects the shares distributed to the other members of AH LLC, as to which HIIHL disclaims beneficial ownership.
- [F2]Prior to the Distribution, these shares were owned directly by AH LLC. Following this distribution, AH LLC ceased to own any shares in the Issuer and is no longer subject to Section 16. Prior to the distribution, HIIHL was a member of AssetMark Holdings LLC holding 98.6% of the equity interests therein. Huatai International Financial Holdings Company Limited ("HIFHCL") is the sole shareholder of HIIHL. Huatai Securities Co., Ltd. ("HSCL") is the sole shareholder of HIFHCL. Accordingly, prior to the Distribution, each of HSCL, HIFHCL and HIIHL was an indirect beneficial owner of the reported securities and disclaimed beneficial ownership over the reported securities except to the extent of its pecuniary interest.
- [F3]Reflects ownership of the shares distributed from AH LLC to HIIHL in the Distribution, in an exempt transaction pursuant to Securities and Exchange Act Rule 16a-13 as a mere change in form of ownership. Following the Distribution, these shares are held directly by HIIHL, and each of HSCL and HIFHCL is an indirect beneficial owner of the reported securities.