4//SEC Filing
Kennedy Michael W 4
Accession 0001596961-23-000077
CIK 0001596961other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 6:34 PM ET
Size
6.4 KB
Accession
0001596961-23-000077
Insider Transaction Report
Form 4
RumbleOn, Inc.RMBL
Kennedy Michael W
DirectorChief Executive Officer
Transactions
- Award
Stock options (Right to purchase)
2023-12-13+825,000→ 825,000 totalExercise: $5.85Exp: 2033-11-01→ Class B Common Stock (825,000 underlying)
Footnotes (1)
- [F1]These options vest when the minimum closing price of RMBL common stock remains at or above the minimum closing price for at least 30 consecutive trading days ("Target"), subject to his continuous employment and the other terms of the grant. Vesting at each applicable Target is as follows: 125,000 at $12; 175,000 at $17; 200,000 at $22; 225,000 at $35; and 100,000 at $40. The award was granted outside of the Company's shareholder-approved stock incentive plan as an inducement to Mr. Kennedy's entry into employment and approved by the Compensation Committee of the Board of Directors, in accordance with Nasdaq Listing Rule 5635(c)(4). Pursuant to Mr. Kennedy's employment agreement, the award was granted after the conclusion of two trading days following the completion of the Company's Rights Offering, which closed on December 8, 2023, and the exercise price per share was determined as the price of RMBL at the conclusion of trading on the day before the grant.
Documents
Issuer
RumbleOn, Inc.
CIK 0001596961
Entity typeother
Related Parties
1- filerCIK 0001640084
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 6:34 PM ET
- Size
- 6.4 KB