Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ETWO | Class A Common Stock | Conversion of derivative security | +2.8M | +11.13% | 28M | Jun 8, 2021 | See footnotes | F1, F2, F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ETWO | Series B-1 Common Stock | Conversion of derivative security | $0 | -2.8M | -100% | $0.00* | 0 | Jun 8, 2021 | Class A Common Stock | 2.8M | See footnotes | F1, F2, F3 |
Id | Content |
---|---|
F1 | The Series B-1 Common Stock automatically converted, without any action by the holder, into Class A Common Stock on a one-for-one basis on June 8, 2021, the first day following the issuance of the Series B-1 Common Stock on which the volume weighted average price of the Class A Common Stock is equal to at least $13.50 (subject to adjustment for certain events) for five consecutive trading days. |
F2 | This Form 4 is being filed by Elliott Investment Management L.P., a Delaware limited partnership ("EIM" or the "Reporting Person"), the investment manager of Elliott Associates, L.P., a Delaware limited partnership ("Elliott") and Elliott International, L.P., a Cayman Islands limited partnership ("Elliott International" and together with Elliott, the "Elliott Funds"), with respect to securities held by the Elliott Funds and/or their respective subsidiaries. |
F3 | The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. |