BROWN DOUGLAS R 4/A
4/A · VG Acquisition Corp. · Filed Dec 10, 2020
Insider Transaction Report
Form 4/AAmended
VG Acquisition Corp.VGAC.U
BROWN DOUGLAS R
Director
Transactions
- Purchase
Class B Shares in VG Acquisition Holdings LLC
2020-09-24$10.00/sh+100,000$1,000,000→ 100,000 totalExercise: $0.00→ Class B Ordinary Shares (703,405 underlying)
Footnotes (3)
- [F1]Represents Class B Shares in VG Acquisition Holdings LLC, a Delaware limited liability company ("Holdings"). Holdings holds an economic interest in VG Acquisition Sponsor LLC, a Cayman Islands limited liability company (the "Sponsor"). These Class B shares in Holdings represent an indirect economic entitlement to the proceeds attributable to holdings of the Sponsor, including a number of the Class B ordinary shares of the Issuer. The Class B shares in Holdings 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]A portion of the Class B ordinary shares of the Issuer acquired by the Sponsor were subject to forfeiture in the event the underwriters for the Issuer's initial public offering did not exercise in full their overallotment option in connection with that offering, all as described in the Prospectus. The number of Class B ordinary shares underlying these Class B Shares in Holdings were subject to adjustment to reflect any such forfeiture.