4//SEC Filing
Bayliss Joshua 4
Accession 0000950103-21-008435
CIK 0001841761other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 4:44 PM ET
Size
9.8 KB
Accession
0000950103-21-008435
Insider Transaction Report
Form 4
Bayliss Joshua
DirectorChief Executive Officer
Transactions
- Purchase
Class C Shares in Virgin Group Acquisition Sponsor II LLC
2021-03-15$3000.00/sh+100$300,000→ 100 totalExercise: $0.00→ Class B ordinary shares (1,013,900 underlying) - Other
Class C Shares in Virgin Group Acquisition Sponsor II LLC
2021-06-04+0→ 100 totalExercise: $0.00→ Class B ordinary shares (232,700 underlying)
Footnotes (4)
- [F1]Represents Class C Shares in Virgin Group Acquisition Sponsor II 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 March 15, 2021 (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 the purchase of additional warrants by the Sponsor in connection with the exercise of the overallotment option in full by the underwriters. 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 100 Class C Shares in the Sponsor held by the reporting person as a result of the June 4, 2021 adjustment reported here. After this adjustment there are 1,246,600 Class B ordinary shares underlying these 100 Class C Shares in the Sponsor.
Documents
Issuer
Virgin Group Acquisition Corp. II
CIK 0001841761
Entity typeother
Related Parties
1- filerCIK 0001686782
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 4:44 PM ET
- Size
- 9.8 KB