South Mountain LLC 4
4 · South Mountain Merger Corp. · Filed Aug 7, 2019
Insider Transaction Report
Form 4
South Mountain LLC
10% Owner
Transactions
- Other
Class B common stock
2019-08-05−218,750→ 6,250,000 total(indirect: See footnote)→ Class A common stock (218,750 underlying)
Footnotes (3)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-231881) under the heading "Description of Securities - Founder Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]On August 5, 2019, South Mountain LLC forfeited at no cost 218,750 shares of common stock, par value $0.0001 per share, in connection with the determination by the underwriters of the Issuer's initial public offering not to exercise in full the over-allotment option granted to them.
- [F3]South Mountain LLC is the sponsor entity of the Issuer (the "Sponsor"). The managing member of the Sponsor is Harbour Reach Holdings LLC ("Harbour Reach"), whose managing member is Netherton Investments Limited ("NIL"), whose sole shareholder is Netherton Holdings Limited ("NHL"), whose sole shareholder is Mr. Michael Platt ("Platt" and, together with Sponsor, Harbour Reach, NIL and NHL, the "Reporting Persons").