Barnes Michael Gene 4
4 · TIPTREE INC. · Filed Jun 2, 2022
Insider Transaction Report
Form 4
TIPTREE INC.TIPT
Barnes Michael Gene
DirectorVice Chairman of the Board
Transactions
- Exercise/Conversion
Common Stock
2022-06-01$6.93/sh+979,146$6,782,544→ 9,702,095 total - Exercise/Conversion
Tiptree Inc. warrant 2022
2022-06-01$6.93/sh−979,146$6,782,544→ 0 totalExercise: $6.93From: 2018-04-10Exp: 2022-06-30→ Common Stock (979,146 underlying)
Holdings
- 8,722,949
Common Stock
- 979,146
Tiptree Inc. warrant 2022
Exercise: $6.93From: 2018-04-10Exp: 2022-06-30→ Common Stock (979,146 underlying)
Footnotes (3)
- [F1]On June 1, 2022, the Reporting Person exercised the 2022 Warrants at the adjusted exercise price of $6.927. Tiptree received cash proceeds of $6,782,544.34 from the exercise of the 2022 Warrants.
- [F2]Per the terms of these warrants, the exercise price was adjusted from $6.954 to $6.927, as a result of the quarterly dividend paid by Tiptree Inc. on May 31, 2022.
- [F3]Per the terms of these warrants, the number of shares exercisable was adjusted from 975,379.29 to 979,146 as a result of the quarterly dividend paid by Tiptree Inc. on May 31, 2022.