Angelakis Michael J 4
4 · Bowlero Corp. · Filed Jul 25, 2023
Insider Transaction Report
Form 4
Bowlero Corp.BOWL
A-B Parent LLC
Director10% Owner
Transactions
- Award
Restricted Stock Units
2023-07-24+27→ 4,911,361 total→ Class A Common Stock (27 underlying)
Footnotes (1)
- [F1]Reflects shares of Class A Common Stock (the "Earnout Shares") issuable pursuant to the Merger Agreement between the Issuer and Bowlero Corp. (the "Merger Agreement"). The Earnout Shares vest to the extent that the closing per share price of Class A Common Stock is greater than or equal to $17.50 for any 10 trading days within any consecutive 20-trading day period. The Earnout Shares are subject to certain adjustments, as set forth in the Merger Agreement. If the conditions are not met and the shares have not vested as of the 5-year anniversary of the Closing, the right to these Earnout Shares will be forfeited.