Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | BRLT | Class C Common Stock | 50.2M | Sep 23, 2021 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | BRLT | Common Units | Sep 23, 2021 | Class D Common Stock | 50.2M | Direct | F1, F3 |
Id | Content |
---|---|
F1 | The Class C Common Stock will automatically convert into one share of Class B Common Stock upon the earlier of (1) the 10-year anniversary of the date of the closing of the Issuer's Initial Public Offering and (2) the date on which the Reporting Person ceases to hold at least 8% of the aggregate number of shares of all classes of the Issuer's Common Stock then outstanding. |
F2 | Beth Gerstein and Eric Grossberg are the joint shareholders of Just Rocks, Inc. through various trusts for which they are the trustees and have voting and investment power over. |
F3 | The Common Units may be redeemed by the Reporting Person at any time on or following the closing of the Initial Public Offering for shares of Class D Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class C Common Stock will be forefeited in connection with the redemption. The Common Units have no expiration date. |
Exhibit 24 - Power of Attorney.