Squadron Capital LLC - Aug 11, 2022 Form 4 Insider Report for ORTHOPEDIATRICS CORP (KIDS)

Role
10%+ Owner
Signature
/s/ David R. Pelizzon, President of Squadron Capital LLC
Stock symbol
KIDS
Transactions as of
Aug 11, 2022
Transactions value $
$83,874,695
Form type
4
Date filed
8/15/2022, 05:38 PM
Next filing
Sep 22, 2022

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 KIDS Warrants (right to buy) Purchase $83.9M +1.53M $55.00 1.53M Aug 11, 2022 Common Stock 1.53M $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Squadron Capital LLC beneficially owns shares of the Issuer's common stock with a market value in excess of the notification threshold of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"). The warrants may not be exercised until the expiration of all applicable HSR Act waiting periods or the exercise otherwise becomes exempt from the notification requirements thereunder. Once the warrants become exercisable, Squadron Capital LLC is obligated to exercise them within five (5) business days.
F2 These securities are held directly by Squadron Capital LLC. Squadron Capital Holdings LLC is the controlling member of Squadron Capital LLC.