4//SEC Filing
Peker Lev 4
Accession 0001213900-23-042402
CIK 0001698113other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 4:30 PM ET
Size
8.4 KB
Accession
0001213900-23-042402
Insider Transaction Report
Form 4
Peker Lev
Director
Transactions
- Award
Warrant (Right to Purchase)
2023-05-19+1,562,500→ 1,562,500 totalExercise: $0.48From: 2023-05-19Exp: 2028-05-19→ Class A Common Stock (1,562,500 underlying) - Award
Convertible Notes
2023-05-19$750000.00/shExp: 2025-05-19→ Class A Common Stock
Footnotes (2)
- [F1]The warrants were received in consideration for the loans forwarded by Mr. Peker and which are evidenced by a convertible promissory note (the "Convertible Note").
- [F2]The Convertible Note accrues 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. The Convertible Note matures on May 19, 2025 (the "Maturity Date"). Effective on the Maturity Date, if the Convertible Notes has not otherwise been repaid by the Company in accordance with the terms and conditions set forth therein, then at the option of the Reporting Person, the outstanding balance of the Convertible Note (including any accrued but unpaid interest thereon) (the "Note Amount") shall convert into that number of fully paid and nonassessable shares of the Company's Class A common stock at a conversion price equal to the respective Note Amount (as defined in the Convertible Note) divided by the Conversion Price (as defined in the Convertible Note).
Documents
Issuer
PARTS iD, Inc.
CIK 0001698113
Entity typeother
Related Parties
1- filerCIK 0001761840
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 4:30 PM ET
- Size
- 8.4 KB