4//SEC Filing
Chesrown Marshall 4
Accession 0001654954-20-009570
CIK 0001596961other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 8:08 PM ET
Size
9.7 KB
Accession
0001654954-20-009570
Insider Transaction Report
Form 4
RumbleON, Inc.RMBL
Chesrown Marshall
DirectorChief Executive Officer10% Owner
Transactions
- Award
Restricted Stock Units
2020-08-25+19,544→ 19,544 total→ Class B Common Stock (19,544 underlying) - Award
Restricted Stock Units
2020-08-25+66,668→ 66,668 total→ Class B Common Stock (66,668 underlying)
Holdings
- 43,750
Class A Common Stock
- 95,750
Class B Common Stock
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of RumbleOn, Inc. ("RMBL") Class B Common Stock.
- [F2]These RSUs were approved by the compensation committee of the board of directors of RMBL on July 15, 2020, subject to shareholder approval of the amendment to the RumbleOn, Inc. 2017 Stock Incentive Plan stock under which the RSUs were granted and ratification of this RSU award. RMBL shareholders approved the plan on August 25, 2020.
- [F3]These RSUs vest (1) 20.0% on the thirteenth month after the grant date, (2) an additional 30.0% during the subsequent twelve months of the initial vesting, and (3) the final 50.0% during the following twelve months.
- [F4]These RSUs vest as follows: one third shall vest on the first trading day after the RMBL's Class B Common Stock closes at a stock price of $50 per share or greater for 30 consecutive trading days; one third shall vest on the first trading day after the RMBL's Class B Common Stock closes at a stock price of $100 per share or greater for 30 consecutive trading days; and one third shall vest on the first trading day after the RMBL's Class B Common stock closes at a stock price of $200 per share or greater for 30 consecutive trading days. These RSUs have a term of 30 months.
Documents
Issuer
RumbleON, Inc.
CIK 0001596961
Entity typeother
Related Parties
1- filerCIK 0001688766
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 8:08 PM ET
- Size
- 9.7 KB