4//SEC Filing
Isos Acquisition Sponsor LLC 4
Accession 0001213900-21-066026
CIK 0001840572other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 4:36 PM ET
Size
13.3 KB
Accession
0001213900-21-066026
Insider Transaction Report
Form 4
Bowlero Corp.BOWL
Isos Acquisition Sponsor LLC
10% Owner
Transactions
- Disposition to Issuer
Class A common stock
2021-12-15−1,925,855→ 3,888,781 total - Award
Warrants
2021-12-15$1.50/sh+3,963,458$5,945,187→ 3,963,458 totalExercise: $11.50→ Class A common stock (3,963,458 underlying) - Exercise/Conversion
Class A common stock
2021-12-15+5,814,636→ 5,814,636 total - Exercise/Conversion
Class B common stock
2021-12-15+5,814,636→ 0 total→ Class A common stock (5,814,636 underlying)
Footnotes (3)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-252283), under the heading "Description of securities - Founder shares", upon consummation of the Issuer's initial business combination and waiver of anti-dilution rights in connection with the conversion, the shares of Class B common stock converted into shares of Class A common stock on a one-for-one basis. The Issuer's initial business combination was consummated on December 15, 2021. Upon closing of its initial business combination, the Reporting Person forfeited 1,925,855 shares of Class A common stock for cancellation by the Issuer.
- [F2]George Barrios and Michelle Wilson are the managing members of the Reporting Person and having voting and investment discretion with respect to the securities held by the Reporting Person. As such, Mr. Barrios and Ms. Wilson may be deemed to possess beneficial ownership of the securities held directly by the Reporting Person. Mr. Barrios and Ms. Wilson disclaim any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
- [F3]These warrants were issued and sold by the Issuer to the Sponsor in a private placement that closed concurrently with the closing of the Issuer's initial public offering, on March 5, 2021. The warrants will become exercisable on March 5, 2021, which is 12 months from the closing of the Issuer's initial public offering. The warrants will expire on December 15, 2026, which is five years after the completion of the Issuer's initial business combination, or earlier upon redemption or liquidation. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock as a price of $11.50 per share (subject to adjustment). These warrants are being reported as having been acquired on December 15, 2021, due to satisfaction of a condition precedent through the closing of the initial business combination.
Documents
Issuer
Bowlero Corp.
CIK 0001840572
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001849627
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 4:36 PM ET
- Size
- 13.3 KB