| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CCCS | Class A ordinary shares | Award | +15M | 15M | Jul 29, 2021 | See footnotes | F1, F2 | |||
| transaction | CCCS | Class B ordinary shares | Other | -214K | -1.27% | 16.7M | Jul 29, 2021 | See footnotes | F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CCCS | Warrants | Award | +3M | 3M | Jul 28, 2021 | Class A ordinary shares | 3M | See footnotes | F1, F2 | ||||
| transaction | CCCS | Warrants | Award | +15.8M | +526.67% | 18.8M | Jul 28, 2021 | Class A ordinary shares | 15.8M | See footnotes | F1, F3, F4 |
Marc Stad is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. ("Dragoneer") and Dragoneer Funding LLC ("Dragoneer Funding") (the "FPA"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC ("Dragoneer Funding I"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment. |
| F2 | The ultimate managing member of Dragoneer Funding I is controlled by Marc Stad. Mr. Stad disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein. |
| F3 | The Class B Ordinary Shares were assigned, without additional consideration, to funds advised by Willett Investment Advisors LLC pursuant to the terms of an agreement entered into with Willett Advisors LLC in connection with Dragoneer's initial public offering. |
| F4 | In connection with the consummation of the transactions contemplated by the Issuer's Private Placement Warrants Purchase Agreement, dated August 13, 2020, by and between Dragoneer and Dragoneer Growth Opportunities Holdings (the "Sponsor"), on such date the Sponsor purchased 15,800,000 warrants from Dragoneer at a price of $1.00 per warrant. Each warrant entitles the holder to purchase one Class A ordinary share of Dragoneer at an exercise price of $11.50 per share, subject to adjustment. Such warrants were subsequently transferred to Dragoneer Funding I. Marc Stad is the managing member and shares voting and dispositive power over and may be deemed to beneficially own such shares. Marc Stad disclaims beneficial ownership over any securities owned by Dragoneer Funding I other than to the extent of any pecuniary interest he may have therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities |
This "Exit" Form 4 is voluntarily filed to report that the Marc Stad is no longer serving in the role as the Company's director and chief executive officer, effective as of July 30, 2021, and therefore is no longer subject to Section 16 reporting. Mr. Stad did not have any other transactions in the Issuer's securities during the time that he was a Section 16 reporting person other than those previously disclosed in Initial Statement of Beneficial Ownership of Securities on Form 3, filed on August 13, 2020. Director and Chief Executive Officer