Brett I. Parker - 15 Dec 2021 Form 4 Insider Report for Bowlero Corp. (LUCK)

Role
Chief Financial Officer
Signature
Brett Parker By: , as attorney-in-fact for Brett Parker
Issuer symbol
LUCK
Transactions as of
15 Dec 2021
Net transactions value
-$9,841,360
Form type
4
Filing time
17 Dec 2021, 19:33:02 UTC
Next filing
10 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOWL Class A Common Stock Award +992,844 992,844 15 Dec 2021 Direct F1, F2
transaction BOWL Class A Common Stock Award +1,472,387 +148% 2,465,231 15 Dec 2021 Direct F2
transaction BOWL Class A Common Stock Tax liability $6,677,280 -667,728 -27% $10.00 1,797,503 15 Dec 2021 Direct
transaction BOWL Class A Common Stock Award +697,702 +39% 2,495,205 15 Dec 2021 Direct F2
transaction BOWL Class A Common Stock Tax liability $3,164,080 -316,408 -13% $10.00 2,178,797 15 Dec 2021 Direct

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 BOWL Stock Option (Right to Buy) Award $0 +183,128 $0.000000 183,128 15 Dec 2021 Class A Common Stock 183,128 $10.00 Direct
transaction BOWL Stock Option (Right to Buy) Award $0 +393,750 $0.000000 393,750 15 Dec 2021 Class A Common Stock 393,750 $10.00 Direct F3
transaction BOWL Stock Option (Right to Buy) Award $0 +393,750 $0.000000 393,750 15 Dec 2021 Class A Common Stock 393,750 $12.00 Direct F4
transaction BOWL Stock Option (Right to Buy) Award $0 +393,750 $0.000000 393,750 15 Dec 2021 Class A Common Stock 393,750 $14.00 Direct F5
transaction BOWL Stock Option (Right to Buy) Award $0 +393,750 $0.000000 393,750 15 Dec 2021 Class A Common Stock 393,750 $16.00 Direct F6
transaction BOWL Stock Option (Right to Buy) Award $0 +393,750 $0.000000 393,750 15 Dec 2021 Class A Common Stock 393,750 $18.00 Direct F7
transaction BOWL Stock Option (Right to Buy) Award +4,079,120 4,079,120 15 Dec 2021 Class A Common Stock 4,079,120 $7.92 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Repressents restricted shares ("Restricted Shares") of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") received in connection with the Acquisition. 50% of the Restricted Shares will vest if the closing share price of the Class A Common Stock equals or exceeds $15.00 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and 50% of the Restricted Shares will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.
F2 Represents shares of Class A Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the acquisition by the Issuer of Legacy Bowlero (the "Acquisition").
F3 The stock options will vest and become exercisable in one-third installments on the first, second and third anniversaries of December 15, 2021.
F4 The stock options will vest and become exercisable in one-third installments on the second, third and fourth anniversaries of December 15, 2021.
F5 The stock options will vest and become exercisable in one-third installments on the third, fourth and fifth anniversaries of December 15, 2021.
F6 The stock options will vest and become exercisable in one-third installments on the fourth, fifth and sixth anniversaries of December 15, 2021.
F7 The stock options will vest and become exercisable in one-third installments on the fifth, sixth and seventh anniversaries of December 15, 2021.
F8 Represents stock options received in connection with the Acquisition in exchange for stock options of Legacy Bowlero.