Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | BRDS | Class A Common Stock | 100K | Nov 3, 2021 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | BRDS | Class B Common Stock | Nov 3, 2021 | Class A Common Stock | 7.83M | See Footnote | F1, F2 | |||||||
holding | BRDS | Warrants | Nov 3, 2021 | Class A Common Stock | 20K | $11.50 | Direct | F3 |
Id | Content |
---|---|
F1 | The shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. |
F2 | NGP Switchback II, LLC is the record holder of the shares reported herein. Mr. McNeill is a manager and co-chief executive officer of NGP Switchback II, LLC. As such, Mr. McNeill may be deemed to have or share beneficial ownership of the ordinary shares held directly by NGP Switchback II, LLC. |
F3 | The warrants will become exercisable on the later of (i) 30 days after the completion of Switchback II Corporation's ("Switchback") initial business combination and (ii) 12 months from the closing of Switchback's initial public offering, and will expire upon the earlier of (a) five years after the completion of Switchback's initial business combination or (b) upon the liquidation of Switchback. |