CFAC HOLDINGS IV, LLC 4
4 · CF ACQUISITION CORP. IV · Filed Dec 30, 2020
Insider Transaction Report
Form 4
CFAC HOLDINGS IV, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2020-12-28−437,500→ 12,466,250 total→ Class A Common Stock (437,500 underlying) - Purchase
Class A Common Stock
2020-12-28$10.00/sh+1,000,000$10,000,000→ 1,000,000 total
Footnotes (4)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-251184) 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 on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
- [F2]As contemplated in connection with the initial public offering of the issuer, 437,500 shares of Class B common stock were returned by CFAC Holdings IV, LLC (the "Sponsor") to the issuer for no consideration and cancelled because the underwriters' over-allotment option was partially exercised and the remaining portion of the option would not be exercised by the underwriters.
- [F3]The Sponsor is the record holder of the shares reported herein. Cantor Fitzgerald, L.P. ("Cantor") is the sole member of the Sponsor. CF Group Management, Inc. ("CFGM") is the managing general partner of Cantor. Mr. Lutnick, the issuer's Chairman and Chief Executive Officer, is the trustee of the sole stockholder, of CFGM. As such, each of Cantor, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the securities directly held by the Sponsor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
- [F4]These shares are underlying units (each unit consisting of one share of Class A common stock and one-third of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by the Sponsor acquired pursuant to a private placement units purchase agreement by and between the Sponsor and the issuer. Does not include shares to be purchased pursuant to that certain forward purchase contract between the issuer and the Sponsor.