Gerashenko Roman 4
4 · ID Auto, Inc. · Filed Mar 11, 2024
Insider Transaction Report
Form 4
Gerashenko Roman
10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2024-02-24−6,055,385→ 0 total
Footnotes (2)
- [F1]On December 26, 2023, PARTS iD, Inc. (the "Issuer") and certain subsidiary PARTS iD, LLC (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On February 5, 2024, the Bankruptcy Court entered an order confirming the Debtors' Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the "Plan"), and on February 22, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.
- [F2]On the Effective Date, all of the Company's previously outstanding shares of Class A common stock, including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were involuntarily cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court without the reporting person's approval.