4//SEC Filing
RIGAUD EDWIN 4
Accession 0001213900-23-060054
CIK 0001698113other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 4:31 PM ET
Size
8.6 KB
Accession
0001213900-23-060054
Insider Transaction Report
Form 4
RIGAUD EDWIN
DirectorChairman and CEO10% Owner
Transactions
- Award
Warrant (Right to Purchase)
2023-07-13+595,238→ 595,238 totalExercise: $0.42From: 2023-07-13Exp: 2028-07-13→ Class A Common Stock (595,238 underlying) - Award
Convertible Notes
2023-07-13$250000.00/shExp: 2024-07-13→ Class A Common Stock
Footnotes (3)
- [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 mature on July 13, 2024 (the "Maturity Date").
- [F3]Upon the Issuer's sale and issuance of equity or equity-linked securities pursuant to which the Issuer receives aggregate gross proceeds of at least $10 million (a "Qualified Equity Financing") within 180 days of the transaction date, the Convertible Notes are mandatorily convertible into shares of such equity securities sold in the Qualified Equity Financing. Effective on the Maturity Date, if the Convertible Notes have not otherwise been repaid by the Issuer 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 0001179761
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 4:31 PM ET
- Size
- 8.6 KB