4//SEC Filing
BERRARD STEVEN R 4
Accession 0001654954-20-009571
CIK 0001596961other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 8:09 PM ET
Size
10.3 KB
Accession
0001654954-20-009571
Insider Transaction Report
Form 4
RumbleON, Inc.RMBL
BERRARD STEVEN R
DirectorCFO and Secretary10% Owner
Transactions
- Award
Restricted Stock Units
2020-08-25+66,666→ 66,666 total→ Class B Common Stock (66,666 underlying) - Award
Restricted Stock Units
2020-08-25+19,544→ 19,544 total→ Class B Common Stock (19,544 underlying)
Holdings
- 108,500
Class B Common Stock
- 6,250
Class A Common Stock
Footnotes (5)
- [F1]On May 20, 2020, RumbleOn, Inc.("RMBL") 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. 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]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of RMBL Class B Common Stock.
- [F3]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.
- [F4]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.
- [F5]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
IncorporatedDE
Related Parties
1- filerCIK 0001026212
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 8:09 PM ET
- Size
- 10.3 KB