4//SEC Filing
Kakarala Kartik 4
Accession 0001654954-20-006469
CIK 0001596961other
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 9:31 PM ET
Size
10.7 KB
Accession
0001654954-20-006469
Insider Transaction Report
Form 4
RumbleON, Inc.RMBL
Kakarala Kartik
Director10% Owner
Transactions
- Exercise/Conversion
Class B Common Stock
2020-06-08+1,750→ 2,100 total - Exercise/Conversion
Restricted Stock Units
2020-06-08−1,750→ 0 total→ Class B Common Stock (1,750 underlying)
Holdings
- 76,191(indirect: By LLC)
Class B Common Stock
- 1,400
Restricted Stock Units
→ Class B Common Stock (1,400 underlying)
Footnotes (8)
- [F1]On May 20, 2020, RumbleOn, Inc. executed a one-for-twenty reverse stock split of its issued and outstanding Class A Common Stock and Class B Common Stock (the "Reverse Stock Split") resulting in the appropriate reduction in the reporting person's ownership of shares of Class B Common Stock and Restricted Stock Units. No fractional shares were issued as a result of the Reverse Stock Split. Any fractional shares that would have resulted from the Reverse Stock Split were rounded up to the nearest whole share.
- [F2]Represents shares of RMBL Class B Common Stock received upon vesting of Restricted Stock Units ("RSUs"). These RSUs vested on June 3, 2020 and the shares of Class B Common Stock underlying the RSUs were delivered on June 8, 2020.
- [F3]Shares are owned indirectly through Halcyon Consulting, LLC, a limited liability company owned by Kartik Kakarala and his brother, Srinivas Kakarala. Kartik Kakarala has shared power to vote and shared power to dispose of such shares of common stock with his brother.
- [F4]Each RSU represents a contingent right to receive one share of RMBL Class B Common Stock.
- [F5]These RSUs were granted on June 3, 2019.
- [F6]The RSUs vest one year from the grant date, and are subject to prorata vesting if a director leaves the Board of Directors before the one year period.
- [F7]These RSUs were granted on June 25, 2018.
- [F8]The RSUs vest (1) 20% on the last day of the thirteenth month following the grant date, (2) 2.5% monthly on the last day of each month beginning on the last day of the fourteenth month following the grant date through the last of the twenty-fifth month following the grant date and (3) 4.17% monthly on the last day of each month beginning on the last day of the twenty-sixth month following the grant date through the last day of the thirty-seventh month following the grant date.
Documents
Issuer
RumbleON, Inc.
CIK 0001596961
Entity typeother
Related Parties
1- filerCIK 0001698392
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 9:31 PM ET
- Size
- 10.7 KB