4//SEC Filing
Bayliss Joshua 4
Accession 0000950103-20-024094
CIK 0001804591other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 8:29 PM ET
Size
10.1 KB
Accession
0000950103-20-024094
Insider Transaction Report
Form 4
VG Acquisition Corp.VGAC.U
Bayliss Joshua
DirectorChief Executive Officer
Transactions
- Other
Class C Shares in VG Acquisition Sponsor LLC
2020-12-08+0→ 50 totalExercise: $0.00→ Class B ordinary shares (160,788 underlying) - Purchase
Class C Shares in VG Acquisition Sponsor LLC
2020-09-24$6000.00/sh+50$300,000→ 50 totalExercise: $0.00→ Class B ordinary shares (1,506,793 underlying)
Footnotes (4)
- [F1]Represents Class C Shares in VG Acquisition Sponsor LLC, a Cayman Islands limited liability company (the "Sponsor"). The Class C shares in the Sponsor represent an economic entitlement to the proceeds attributable to a number of the Class B ordinary shares of the Issuer held by the Sponsor, and a number of warrants to acquire Class A ordinary shares of the Issuer held by the Sponsor that will become exercisable upon the consummation of the initial business combination by the Issuer). The Class C shares in the Sponsor have no expiration date.
- [F2]These Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis for no additional consideration concurrently with or immediately following the consummation of the initial business combination by the Issuer, on a one-for-one basis, subject to the adjustments described in the Issuer's prospectus on Form S-1 filed on September 16, 2020 (the "Prospectus"). The Class B ordinary shares have no expiration date.
- [F3]Represents a discretionary adjustment made by the manager of the Sponsor to the number of Class B Ordinary Shares associated with the reporting person's Class C Shares in the Sponsor, to reflect both a 6-for-5 share split of the Class B ordinary shares effected by the Issuer in connection an upsizing of the Issuer's initial public offering, and a forfeiture of Class B ordinary shares held by the Sponsor in connection with the expiration of the overallotment option granted to the underwriters to the Issuer's initial public offering. No separate consideration was paid by the reporting person for the adjustment.
- [F4]This discretionary adjustment did not change the number of Class C Shares in the Sponsor held by the reporting person, but did increase the number of Class B ordinary shares underlying those shares. The figure provided in Column 7 represents an increase in the number of Class B ordinary shares underlying the 50 Class C Shares in the Sponsor held by the reporting person as a result of the December 8, 2020 adjustment reported here. After this adjustment there are 1,667,581 Class B ordinary shares underlying these 50 Class C Shares in the Sponsor.
Documents
Issuer
VG Acquisition Corp.
CIK 0001804591
Entity typeother
Related Parties
1- filerCIK 0001686782
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 8:29 PM ET
- Size
- 10.1 KB