Forum Investors III LLC 4
4 · Forum Merger III Corp · Filed Oct 21, 2020
Insider Transaction Report
Form 4
Forum Investors III LLC
Director10% OwnerOther
Transactions
- Disposition to Issuer
Class B Common Stock
2020-10-02−937,500→ 6,250,000 total→ Class A Common Stock (937,500 underlying)
Footnotes (3)
- [F1]On October 21, 2020, Forum Investors III LLC (the "Sponsor") forfeited at no cost 937,500 shares of Class B common stock of the Issuer, which was exempted pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in connection with the election by the underwriters of the Issuer's initial public offering of units to not exercise an option granted to them to cover over-allotments.
- [F2]The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-240171) (the "Registration Statement") and have no expiration date
- [F3]The Sponsor is the record holder of the shares reported herein. Marshall Kiev and David Boris are the managing members of Forum Capital Management III LLC, which is the managing member of the Sponsor. As such, David Boris and Marshall Kiev may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.