Friedberg David A 4
4 · Metromile, Inc. · Filed Feb 11, 2021
Insider Transaction Report
Form 4
Metromile, Inc.MILE
Friedberg David A
Director
Transactions
- Award
Common Stock
2021-02-09+856,912→ 856,912 total(indirect: See footnote) - Award
Common Stock
2021-02-09+1,108,382→ 1,108,382 total(indirect: See footnote) - Award
Common Stock
2021-02-09+4,561,677→ 4,561,677 total(indirect: See footnote)
Footnotes (7)
- [F1]Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of November 24, 2020, as amended January 12, 2021 and further amended February 8, 2021, by and among INSU Acquisition Corp. II (n/k/a Metromile, Inc.) (the "Issuer"), INSU II Merger Sub Corp. and MetroMile, Inc. (n/k/a Metromile Operating Company) ("Legacy Metromile") (the "Merger Agreement") pursuant to which, through a series of mergers Legacy Metromile became a direct, wholly-owned subsidiary of the Issuer. Pursuant to the Merger Agreement former securityholders of Legacy Metromile will receive additional shares of the Issuer's common stock (the "Additional Shares") if the closing sale price of the Issuer's common stock exceeds $15.00 per share for 20 out of any 30 consecutive trading days during the first two years following the closing of the merger.
- [F2]Includes 91,184 shares to be received as Additional Shares.
- [F3]The shares are held by The Friedberg Irrevocable Remainder Trust u/a/d 5/17/2017, of which Mr. Friedberg is the trustee.
- [F4]Includes 117,943 shares to be received as Additional Shares.
- [F5]The shares are held by The David Friedberg 2019 Annuity Trust u/a/d 9/26/19, of which Mr. Friedberg is the trustee.
- [F6]Includes 485,409 shares to be received as Additional Shares.
- [F7]The shares are held by The David Friedberg Revocable Trust u/a/d 9/19/13, of which Mr. Friedberg is the trustee.