Justin B. Wender - May 5, 2023 Form 4 Insider Report for International Money Express, Inc. (IMXI)

Role
Director
Signature
/s/ Justin B. Wender
Stock symbol
IMXI
Transactions as of
May 5, 2023
Transactions value $
-$12,640,000
Form type
4
Date filed
5/9/2023, 04:32 PM
Previous filing
Aug 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMXI Common Stock Disposed to Issuer -$12.6M -500K -27.73% $25.28 1.3M May 5, 2023 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares of common stock were sold to the issuer pursuant to the terms of that certain Share Repurchase Agreement between the issuer and SPC Intermex, LP, a Delaware limited partnership, dated May 5, 2023.
F2 This amount represents a discount of 4.0% from the last reported sales price as reported on the Nasdaq Stock Market of the issuer's common stock on May 5, 2023.
F3 These shares of common stock of the issuer are directly held by SPC Intermex, LP. The general partner of SPC Intermex, LP is SPC Intermex GP, LLC and Stella Point Capital LLC is the sole manager of SPC Intermex GP, LLC. The reporting person, as well as Adam P. Godfrey, are the managing partners of and jointly control Stella Point Capital LLC, and each may also be deemed to have beneficial ownership of the shares of the issuer's common stock held of record by SPC Intermex, LP, but each disclaims beneficial ownership of such shares, except to the extent of their respective pecuniary interest therein.