3//SEC Filing
Rock Holdings Inc. 3
Accession 0001104659-20-091021
CIK 0001805284other
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 9:09 PM ET
Size
19.7 KB
Accession
0001104659-20-091021
Insider Transaction Report
Form 3
Rock Holdings Inc.
Director10% Owner
Holdings
- 1,982,164,752
Class D common stock
Non-voting common interest units of RKT Holdings, LLC
→ Class B common stock and Class A common stock (1,982,164,752 underlying)
Footnotes (4)
- [F1]By virtue of its relationship with Mr. Daniel Gilbert, a director of Rocket Companies, Inc. (the "Issuer"), the reporting person may be deemed to be director by deputization.
- [F2]Shares of Class D common stock of the Issuer have 10 votes per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of non-voting common interest units of RKT Holdings, LLC ("Holdings Units") held.
- [F3]Pursuant to the terms of the Exchange Agreement, that shall be effective as of August 5, 2020, by and among the Issuer, RKT Holdings, LLC, the reporting person, Daniel Gilbert and the holders of Holding Units and shares of Class C common stock or Class D common stock from time to time party thereto (the "Exchange Agreement"), Holdings Units, together with a corresponding number of shares of Class D common stock or Class C common stock, may be exchanged for, at the option of the Issuer, (i) shares of Class B common stock or Class A common stock of the Issuer, as applicable, on a one-for-one basis, or (ii) cash from a substantially concurrent public offering or private sale (based on the price of the Class A common stock in such public offering or private sale), subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. The exchange rights under the Exchange Agreement do not expire.
- [F4]Pursuant to the terms of the Issuer's Certificate of Incorporation, each share of the Issuer's Class B common stock will automatically convert into one share of Class A common stock, and each share of the Issuer's Class D common stock will automatically convert into one share of our Class C common stock, (i) at the option of the holder, (ii) immediately prior to any transfer of such share except for certain transfers described in the Issuer's Certificate of Incorporation and (iii) if the reporting person and its permitted transferees own less than 10% of the Issuer's issued and outstanding common stock.
Documents
Issuer
Rocket Companies, Inc.
CIK 0001805284
Entity typeother
IncorporatedMI
Related Parties
1- filerCIK 0001733664
Filing Metadata
- Form type
- 3
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 9:09 PM ET
- Size
- 19.7 KB