Mollere John Alex 4
4 · ATLAS TECHNICAL CONSULTANTS, INC. · Filed Oct 15, 2020
Insider Transaction Report
Form 4
Mollere John Alex
Chief Administrative Officer
Transactions
- Award
LLC Units of Atlas TC Holdings LLC
2020-10-14+67,358→ 67,358 total→ Class A Common Stock (67,358 underlying) - Other
Class B Common Stock
2020-10-14+67,358→ 67,358 total
Footnotes (2)
- [F1]On October 14, 2020 AS&M Holdings LP, a Delaware limited partnership (formerly known as "Atlas Technical Consultants Holdings LP") distributed a number of common units (the "Opco Units") in Atlas TC Holdings LLC ("TC Holdings"), a wholly-owned subsidiary of Atlas Technical Consultants, Inc. (the "Issuer") together with an equal number of shares of Class B Common Stock, par value $0.0001 per share ("Class B common stock") of the Issuer to certain of its limited partners. In connection with the aforementioned distribution, the Reporting Person received 67,358 Opco Units and 67,358 shares of Class B common stock.
- [F2]The amended and restated limited liability company agreement of TC Holdings, dated February 14, 2020 (the "LLC Agreement") provides that certain members of TC Holdings have the right to cause TC Holdings to redeem from time to time, all or a portion of such member's Opco Units (together with an equal number of shares of Class B common stock) for either (x) the delivery by TC Holdings of a number of shares of Class A Common Stock, par value $0.0001 per share of the Issuer equal to the number of Opco Units surrendered or (y) at TC Holdings' election made in accordance with the LLC Agreement, the delivery by TC Holdings of cash equal to the Cash Election Amount (as defined in the LLC Agreement) calculated with respect to such redemption.