BERRARD STEVEN R 4
4 · RumbleON, Inc. · Filed Jan 16, 2020
Insider Transaction Report
Form 4
RumbleON, Inc.RMBL
BERRARD STEVEN R
DirectorCFO and Secretary10% Owner
Transactions
- Purchase
Class B Common Stock
2020-01-14$0.57/sh+200,000$114,000→ 2,170,000 total
Holdings
- 125,000
Class A Common Stock
- 400,000
Restricted Stock Units
→ Class B Common Stock (400,000 underlying)
Footnotes (4)
- [F1]These shares were purchased pursuant to an underwritten public offering.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of RMBL Class B Common Stock.
- [F3]These RSUs were granted on June 3, 2019.
- [F4]The RSUs vest as follows: (i) 100,000 RSUs vest after two consecutive quarters of $1.00 or greater operating income and trailing four quarter revenue of $900 million at any time through September 30, 2020, (ii) 100,000 RSUs vest at such time as the shares of Class B Common Stock trade at a minimum closing price of $10.00 per share for 30 consecutive trading days at any time through September 30, 2020, and (iii) 200,000 RSUs vest at such time as the shares of Class B Common Stock trade at a minimum closing price of $15.00 per share for thirty consecutive trading days at any time through September 30, 2020.