Legacy Acquisition Sponsor I LLC 4
4 · Legacy Acquisition Corp. · Filed Nov 20, 2020
Insider Transaction Report
Form 4
Legacy Acquisition Sponsor I LLC
10% Owner
Transactions
- Sale
Class F common stock
2020-11-18−250,000→ 7,250,000 total→ Class A common stock (250,000 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-221116) under the heading "Description of Securities--Founder Shares", the shares of Class F common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
- [F2]In connection with issuer's previously announced business combination with Onyx Enterprises Int'l, Corp. (the "Business Combination"), Legacy Acquisition Sponsor I LLC transferred the shares to a holder of the issuer's Class A common stock in exchange for the holder's agreements under a Transaction Support Agreement with the Sponsor and the other parties thereto, including the holder's waiver of redemption rights related to certain shares of Class A common stock held by it.