4//SEC Filing
Gladstone Sponsor, LLC 4
Accession 0001209191-22-053526
CIK 0001843248other
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 8:14 PM ET
Size
6.9 KB
Accession
0001209191-22-053526
Insider Transaction Report
Form 4
Gladstone Sponsor, LLC
10% Owner
Transactions
- Sale
Class B common stock
2022-10-12−2,623,120→ 0 total→ Class A common stock (2,623,120 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-252916) under the heading "Description of Securities", the Class B common stock, par value $0.0001 per share, will automatically convert into Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]The reportable securities were sold in connection with a sale by the Reporting Person of all its interests in the Issuer, including certain other rights and obligations in accordance with a purchase agreement, dated as of October 12, 2022, entered into by and among, Reporting Person, the Issuer and other certain securityholders for an aggregate purchase price of $1,500,000 (the "Purchase Agreement"). The Purchase Agreement did not allocate the consideration paid for the respective interests.
- [F3]David Gladstone controls the reporting person, and as such has voting and investment discretion with respect to the securities held by the reporting person and may be deemed to have beneficial ownership of the securities held directly by the reporting person.
Documents
Issuer
Global System Dynamics, Inc.
CIK 0001843248
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001843235
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 8:14 PM ET
- Size
- 6.9 KB