Forest Road Company, LLC 4
4 · Beachbody Company, Inc. · Filed Jul 16, 2021
Insider Transaction Report
Form 4
Tarica Zachary
DirectorChief Investment Officer10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2021-06-25+7,500,000→ 7,500,000 total(indirect: see footnote) - Exercise/Conversion
Class B Common Stock
2021-06-25−7,500,000→ 0 total(indirect: See footnote)→ Class A Common Stock (7,500,000 underlying) - Other
Warrant
2021-07-16−5,333,333→ 0 total(indirect: See footnote)Exercise: $11.50From: 2021-11-30Exp: 2026-06-25→ Class A Common Stock (5,333,333 underlying) - Other
Class A Common Stock
2021-07-16−7,500,000→ 0 total(indirect: see footnote) - Award
Warrant
2021-06-25$1.50/sh+5,333,333$8,000,000→ 5,333,333 total(indirect: See footnote)Exercise: $11.50From: 2021-11-30Exp: 2026-06-25→ Class A Common Stock (5,333,333 underlying)
Footnotes (4)
- [F1]As described in the registrant's registration statement on Form S-1 (File No. 333-249385) under the heading "Description of Securities-Founder Shares," the shares of Class B common stock were automatically converted into shares of Class A common stock at the time of the registrant's initial business combination on a one-for-one basis, and have no expiration date.
- [F2]Represents the pro rata distribution of the shares of Class A common stock and warrants of the registrant held by Forest Road Acquisition Sponsor LLC (the "Sponsor") to its members or their permitted transferees.
- [F3]The Forest Road Company, LLC is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. Zachary Tarica is the Chief Executive Officer of The Forest Road Company, LLC. By virtue of these relationships, Mr. Tarica may be deemed to have beneficial ownership of the securities held by the Sponsor. Each such person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
- [F4]The Sponsor acquired these warrants for a purchase price of $1.50 per warrant in connection with the IPO. The warrants could only become eligible for exercise upon consummation of the registrant's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the consummation of the registrant's initial business combination.