Dynamics Sponsor LLC 4
4 · Dynamics Special Purpose Corp. · Filed Jun 10, 2022
Insider Transaction Report
Form 4
Dynamics Sponsor LLC
10% Owner
Transactions
- Exercise/Conversion
Class B Common Stock
2022-06-08−5,750,000→ 0 total→ Class A Common Stock (5,750,000 underlying) - Exercise/Conversion
Common Stock
2022-06-08+5,750,000→ 6,465,500 total - Other
Common Stock
2022-06-08−6,465,500→ 0 total
Footnotes (3)
- [F1]Each share that Dynamics Sponsor LLC, a Delaware limited liability company (the "Sponsor"), held as record holder of Class B common stock, par value $0.0001, automatically converted into one share of Class A common stock, par value $0.0001, at the closing of the Issuer's initial business combination on June 8, 2022, and, pursuant to the Issuer's amended certificate of incorporation which came into effect on such date, shares of Class A common stock became shares of common stock (without class designation), par value $0.0001, of the Issuer at such time. The shares of Class B common stock had no expiration date.
- [F2]In connection with the business combination, following the conversion of Class B common stock into Class A common stock, 871,028 shares of Class A common stock were forfeited by the Sponsor. Subsequent to the forfeiture described in the preceding sentence, the Sponsor distributed all shares of Class A common stock held by it to its members, which include Dynamics Group, LLC, an entity which Omid Farokhzad controls and is the sole member of, and David Epstein.
- [F3]The Sponsor was the record holder of these shares. The Sponsor is governed by a board of managers consisting of Omid Farokhzad and Mostafa Ronaghi.