4//SEC Filing
Shannon Thomas F. 4
Accession 0001628280-23-033515
CIK 0001840572other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 5:24 PM ET
Size
12.3 KB
Accession
0001628280-23-033515
Insider Transaction Report
Form 4
Bowlero Corp.BOWL
Shannon Thomas F.
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Class B Common Stock
2023-09-29−2,300,000→ 6,048,227 total→ Class A Common Stock (2,300,000 underlying) - Exercise/Conversion
Class A Common Stock
2023-09-29+2,300,000→ 2,300,000 total
Holdings
- 52,471,210(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (52,471,210 underlying)
Cobalt Group, LLC
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2023-09-29+2,300,000→ 2,300,000 total - Exercise/Conversion
Class B Common Stock
2023-09-29−2,300,000→ 6,048,227 total→ Class A Common Stock (2,300,000 underlying)
Holdings
- 52,471,210(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (52,471,210 underlying)
Cobalt Recreation LLC
Director
Transactions
- Exercise/Conversion
Class B Common Stock
2023-09-29−2,300,000→ 6,048,227 total→ Class A Common Stock (2,300,000 underlying) - Exercise/Conversion
Class A Common Stock
2023-09-29+2,300,000→ 2,300,000 total
Holdings
- 52,471,210(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (52,471,210 underlying)
Footnotes (4)
- [F1]Represents the conversion of Class B Common Stock (as defined below) into Class A Common Stock (as defined below) held of record by the Reporting Persons.
- [F2]The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the acquisition by the Issuer of Legacy Bowlero (the "Acquisition").
- [F3]Represents shares of Class B Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the Acquisition.
- [F4]Held directly by Cobalt Recreation LLC. The managing member of Cobalt Recreation LLC is The Cobalt Group LLC. The managing member of The Cobalt Group LLC is Mr. Shannon. Mr. Shannon disclaims beneficial ownership of the shares held by Cobalt Recreation LLC except to the extent of any pecuniary interest therein.
Documents
Issuer
Bowlero Corp.
CIK 0001840572
Entity typeother
Related Parties
1- filerCIK 0001882143
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 5:24 PM ET
- Size
- 12.3 KB