Galbut Russell W 4
4 · New Beginnings Acquisition Corp. · Filed Nov 12, 2020
Insider Transaction Report
Form 4
Galbut Russell W
DirectorChairman of the Board10% Owner
Transactions
- Purchase
Common Stock
2020-11-03$10.00/sh+500,000$5,000,000→ 3,321,000 total(indirect: See footnote) - Purchase
Common Stock
2020-11-12$10.00/sh+15,000$150,000→ 3,366,000 total(indirect: See footnote) - Purchase
Common Stock
2020-11-09$10.00/sh+30,000$300,000→ 3,351,000 total(indirect: See footnote)
Footnotes (4)
- [F1]The reported shares are included within the 500,000 private placement units of the issuer purchased by New Beginnings Sponsor, LLC (the "Sponsor") for $10.00 per private placement unit. The private placement units were purchased in a private placement that closed simultaneously with the closing of the issuer's initial public offering, and each such unit consists of one share of common stock of the issuer and one redeemable warrant of the issuer. The warrants included in the units will become exercisable, if at all, on the later of 30 days after the completion of the issuer's initial business combination and 12 months from the closing of the issuer' initial public offering.
- [F2]The reported shares are included within the 30,000 private placement units of the issuer purchased by the Sponsor for $10.00 per private placement unit. The private placement units were purchased in a private placement that closed simultaneously with the closing of the underwriters partial exercise of their over-allotment option granted in connection with the initial public offering, and each such unit consists of one share of common stock of the issuer and one redeemable warrant of the issuer. The warrants included in the units will become exercisable, if at all, on the later of 30 days after the completion of the issuer's initial business combination and 12 months from the closing of the issuer' initial public offering.
- [F3]The reported shares are included within the 15,000 private placement units of the issuer purchased by the Sponsor for $10.00 per private placement unit. The private placement units were purchased in a private placement that closed simultaneously with the closing of the underwriters partial exercise of their over-allotment option granted in connection with the initial public offering, and each such unit consists of one share of common stock of the issuer and one redeemable warrant of the issuer. The warrants included in the units will become exercisable, if at all, on the later of 30 days after the completion of the issuer's initial business combination and 12 months from the closing of the issuer' initial public offering.
- [F4]The securities are held directly by the Sponsor and indirectly by Michael Liebowitz and Russell Galbut as managers of the Sponsor. Each of Messrs. Liebowitz and Galbut disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.