Veritone, Inc. 4
4 · Veritone, Inc. · Filed May 19, 2017
Insider Transaction Report
Form 4
Veritone, Inc.VERI
Oates Christopher J.
Director
Transactions
- Conversion
Common Stock
2017-05-17+20,515→ 28,759 total(indirect: By LLC) - Conversion
Series A Convertible Preferred Stock
2017-05-17−27,429→ 0 total(indirect: By LLC)Exercise: $2.94From: 2014-07-16→ Common Stock (20,515 underlying)
Footnotes (3)
- [F1]The 27,429 shares of Veritone Series A convertible preferred stock (the "Series A stock") had no expiration date but automatically converted into 20,515 shares of Veritone common stock upon the closing of Veritone's initial public offering. The conversion price reported in Table II Column 8 reflects a 1-for-.6 reverse stock split of the common stock effected in April 2017. The Form 3 filed on behalf of the reporting person on May 11, 2017 erroneously reflected the existing common stock held by reporting person was 13,740 shares, which did not reflect the foregoing reverse stock split. Upon completion of the stock split, the shares of common stock held as of the effective date of the offering should have been reported as 8,244 shares of common stock.
- [F2]Does not include 52,323 shares of common stock beneficially owned by BV16, LLC, which represents the pecuniary interest of NIO Advisors, LLC in BV16, LLC. Mr. Oates is the Managing Member of NIO Advisors, LLC, but does not have any voting or dispositive power over any of the shares held by BV16, LLC.
- [F3]Mr. Oates is the managing director of RimLight, LLC and beneficially owns the reported securities indirectly. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purpose of Section 16 or for any other purpose and the reporting person disclaims beneficial ownership of the reported shares as he has no pecuniary interest in the shares.