4//SEC Filing
BEAL FINANCIAL CORP 4
Accession 0001213900-21-035478
CIK 0001670349operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 12:54 PM ET
Size
16.4 KB
Accession
0001213900-21-035478
Insider Transaction Report
Form 4
Beal Daniel Andrew
10% Owner
Holdings
- 9,489,199(indirect: See Footnote)
Class A Common Stock
BEAL FINANCIAL CORP
10% Owner
Holdings
- 9,489,199(indirect: See Footnote)
Class A Common Stock
Footnotes (2)
- [F1]This Form 4 is jointly filed by Beal Financial Corporation ("BFC") and D. Andrew Beal (each a "Reporting Person" and together, the "Reporting Persons"). D. Andrew Beal controls BFC through ownership of 100% of the common stock of BFC. Therefore, each of D. Andrew Beal and BFC may be deemed to have indirect beneficial ownership of the securities of U.S Well Services, Inc. (the "Issuer") directly held by LNV Corporation ("LNV"), LPP Mortgage, Inc. ("LPP"), and CXA-10 Corporation dba CSG Investment Finance, Inc. ("CXA"). Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of such Reporting Person's respective pecuniary interest therein.
- [F2]The Reporting Persons are beneficial owners of 9.75% of the Issuer's Class A Common Stock. This percentage is calculated based on (i) 93,377,516 shares of Class A Common Stock issued and outstanding as of June 24, 2021 as represented by the Issuer in the Purchase Agreement, dated June 24, 2021, by and among the Issuer and the other parties thereto, filed as Exhibit 10.1 to the Form 8-K filed by the Issuer with the Securities and Exchange Commission on June 24, 2021 (the "PIK Note Purchase Agreement"), plus (ii) 3,959,577 shares of Class A Common Stock issuable upon conversion of 1,050 shares of Series B Preferred Stock. The calculation assumes conversion of all of LNV's and LPP's Series B Preferred Stock into 3,959,577 shares of Class A Common Stock as of June 24, 2021 combined with CXA's 5,529,622 shares of Class A Common Stock. Holders of Series B Preferred Stock are entitled to voting rights as set forth in the Certificate of Designations of the Series B Preferred Stock.
Issuer
U.S. WELL SERVICES, INC.
CIK 0001670349
Entity typeoperating
IncorporatedTX
Related Parties
1- filerCIK 0000946482
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 12:54 PM ET
- Size
- 16.4 KB