Reinvent Sponsor Y LLC - Nov 3, 2021 Form 4 Insider Report for Aurora Innovation, Inc. (AUR)

Role
FORMER 10% OWNER
Signature
/s/ David Cohen as attorney-in-fact for Reinvent Sponsor Y LLC
Stock symbol
AUR
Transactions as of
Nov 3, 2021
Transactions value $
$22,250,000
Form type
4
Date filed
11/5/2021, 07:48 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUR Class A Common Stock Conversion of derivative security +6.88M 6.88M Nov 3, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AUR Class B Ordinary Shares Other -17.4M -71.69% 6.88M Nov 3, 2021 Class A Common Stock 17.4M Direct F3
transaction AUR Class B Ordinary Shares Conversion of derivative security -6.88M -100% 0 Nov 3, 2021 Class A Common Stock 6.88M Direct F1
transaction AUR Private Placement Warrants Other $22.3M +8.9M $2.50 8.9M Nov 3, 2021 Class A Common Stock 8.9M $11.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Reinvent Sponsor Y LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On November 3, 2021, Reinvent Technology Partners Y (the former name of the Issuer) ("RTPY") consummated an initial business combination (the "Business Combination") with Aurora Innovation Holdings, Inc. (formerly known as Aurora Innovation, Inc.). Pursuant to the Business Combination, RTPY domesticated as a Delaware corporation and changed its name to "Aurora Innovation, Inc.", and each RTPY Class B ordinary share that was issued and outstanding as of immediately prior to the domestication was automatically converted into one share of the Issuer's Class A common stock upon the domestication. The reporting person resigned as a director of the Issuer upon consummation of the Business Combination.
F2 75% of such shares are subject to vesting in tranches of 1/3 if the volume weighted average price of the Issuer's shares of Class A common stock equals or exceeds $15.00, $17.50 or $20.00, respectively, for any 20 trading days within a 30 trading day period on or prior to November 3, 2031. On November 3, 2031, any unvested shares will be automatically forfeited. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction.
F3 On November 3, 2021, pursuant to the terms of the Sponsor Agreement, dated as of July 14, 2021, by and among RTPY, Aurora and the reporting person, the reporting person forfeited 17,434,414 RTPY Class B ordinary shares as of immediately prior to the Domestication for no consideration.
F4 Represents Private Placement Warrants acquired from the Issuer in connection with the Issuer's initial public offering. Each warrant is exercisable for one share of the Issuer's Class A common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants may be exercised commencing on December 3, 2021 and expire on November 3, 2026 or earlier upon redemption or liquidation.