SRC-NI Holdings LLC 3
3 · Stable Road Acquisition Corp. · Filed Nov 7, 2019
Insider Transaction Report
Form 3
SRC-NI Holdings LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (4,312,500 underlying)
Footnotes (2)
- [F1]As described in the registrant's registration statement on Form S-1 (File No. 333-233980) under the heading "Description of Securities--Founder Shares and Placement Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.
- [F2]These shares represent the Class B common stock held by SRC-NI Holdings, LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the registrant. The Class B common stock owned by the Sponsor includes up to 562,500 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the registrant's securities do not exercise in full their over-allotment option as described in the registrant's registration statement.