Naqvi Sayyed Farhan 4
4 · iLearningEngines, Inc. · Filed Apr 18, 2024
Insider Transaction Report
Form 4
Naqvi Sayyed Farhan
CFO & Treasurer
Transactions
- Award
Common Stock
2024-04-16+1,360,760→ 1,360,760 total
Footnotes (2)
- [F1]Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of April 27, 2023, by and among the Issuer, ARAC Merger Sub, Inc., a wholly-owned subsidiary of the Issuer ("Merger Sub") and iLearningEngines Holdings, Inc. ("Legacy iLearningEngines"), whereby Merger Sub merged with and into Legacy iLearningEngines with the separate corporate existence of Merger Sub ceasing and Legacy iLearningEngines continuing as the surviving corporation and a wholly-owned subsidiary of Issuer (the "Merger").
- [F2]Represents the right to receive common stock of the Issuer in exchange for 1,687,979 fully vested restricted stock units of Legacy iLearningEngines in connection with the Merger (as described in footnote 1).