4//SEC Filing
RIGAUD EDWIN 4
Accession 0001213900-23-018279
CIK 0001698113other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 5:00 PM ET
Size
8.5 KB
Accession
0001213900-23-018279
Insider Transaction Report
Form 4
RIGAUD EDWIN
DirectorChairman and CEO10% Owner
Transactions
- Award
Warrant (Right to Purchase)
2023-03-06+80,000→ 80,000 totalExercise: $0.50From: 2023-03-06Exp: 2028-03-06→ Class A Common Stock (80,000 underlying) - Award
Convertible Notes
2023-03-06$400000.00/shExp: 2025-03-06→ Class A Common Stock
Footnotes (2)
- [F1]The warrants were received in consideration for the loans forwarded by Mr. Rigaud and which are evidenced by the convertible promissory notes (the "Convertible Notes").
- [F2]The Convertible Notes accrue interest at 7.75% per annum, compounded semi-annually and such interest may be paid at the option of PARTS iD, Inc. (the "Company") either in cash or common stock. Upon the Company's sale and issuance of equity or equity-linked securities pursuant to which the Company receives aggregate gross proceeds of at least $3 million (a "Qualified Equity Financing"), the Convertible Notes are mandatorily convertible into shares of such equity securities sold in the Qualified Equity Financing. The Company may, at its option, redeem the Convertible Notes for cash, in full or in part, if the Convertible Notes have not otherwise been converted within 180 days of the date of issuance. In addition, upon a Change of Control (as defined in the Convertible Notes) of the Company, the Convertible Notes shall be repaid in full at or before the closing of such transaction in cash. The Convertible Notes mature on March 6, 2025.
Documents
Issuer
PARTS iD, Inc.
CIK 0001698113
Entity typeother
Related Parties
1- filerCIK 0001179761
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 5:00 PM ET
- Size
- 8.5 KB