SRC-NI Holdings LLC 4
4 · Stable Road Acquisition Corp. · Filed Oct 9, 2020
Insider Transaction Report
Form 4
SRC-NI Holdings LLC
10% Owner
Transactions
- Other
Class B Common Stock
2020-10-07−176,471→ 4,136,029 total→ Class A Common Stock (176,471 underlying)
Footnotes (2)
- [F1]These shares represent Class B common stock transferred from SRC-NI Holdings, LLC (the "Sponsor") to SRAC PIPE Partners LLC (the "Recipient") pursuant to a transfer agreement entered into on October 7, 2020, by and between the Sponsor and the Recipient for no consideration.
- [F2]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.