Zaid Samir M. 4
4 · InterPrivate II Acquisition Corp. · Filed Dec 12, 2022
Insider Transaction Report
Form 4
Zaid Samir M.
DirectorCEO & Chairman of the Board
Transactions
- Award
Common Stock
2022-12-08+4,767,475→ 4,767,475 total(indirect: By LLC) - Award
Common Stock
2022-12-08+361,385→ 361,385 total - Award
Earnout Shares
2022-12-08+181,420→ 181,420 totalExp: 2029-12-08→ Common Stock (181,420 underlying) - Award
Earnout Shares
2022-12-08+2,393,336→ 2,393,336 total(indirect: By LLC)Exp: 2029-12-08→ Common Stock (2,393,336 underlying)
Footnotes (3)
- [F1]Received in connection with the Issuer's business combination (the "Business Combination") with Getaround, Inc. ("Legacy Getaround") in accordance with the terms of the Agreement and Plan of Merger dated as of May 11, 2022 (the "Merger Agreement"), by and among the Issuer (f/k/a InterPrivate II Acquisition Corp.), TMPST Merger Sub I, Inc., TMPST Merger Sub II, LLC and Legacy Getaround. Pursuant to the terms of the Merger Agreement, each outstanding share of Legacy Getaround common stock was entitled to receive 0.320253 shares of Common Stock and certain earnout shares of Common Stock ("Earnout Shares"). The Business Combination closed on December 8, 2022 (the "Closing Date").
- [F2]The Reporting Person may be deemed to have voting and dispositive power over the shares held by Zaid Holdings LLC.
- [F3]Upon consummation of the Business Combination, the Reporting Person received the right to acquire shares of Common Stock as follows if, at any time during the period following the Closing Date and expiring on the seventh anniversary of the Closing Date, the volume-weighted average price of Common Stock equals or exceeds the respective price for any 20 trading days within any 30 consecutive trading days: 10.0% of the Earnout Shares at $13.50; 10.0% of the Earnout Shares at $17.00; 13.3% of the Earnout Shares at $25.00; 16.7% of the Earnout Shares at $30.00; 16.7% of the Earnout Shares at $37.00; 16.7% of the Earnout Shares at $46.00; and 16.7% of the Earnout Shares at $55.00.