Rayhan Arif - Mar 15, 2021 Form 4 Insider Report for Virgin Group Acquisition Corp. II (GROV)

Role
Chief Operating Officer
Signature
/s/ Harold Brunink, as attorney-in-fact for Rayhan Arif
Stock symbol
GROV
Transactions as of
Mar 15, 2021
Transactions value $
$50,000
Form type
4
Date filed
6/4/2021, 05:27 PM
Next filing
Jun 21, 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 GROV Class A Shares in Virgin Group Acquisition Holdings II LLC Purchase $50K +5K $10.00 5K Mar 15, 2021 Class B Ordinary Shares 59K $0.00 Direct F1
transaction GROV Class A Shares in Virgin Group Acquisition Holdings II LLC Other 0 0% 5K Jun 4, 2021 Class B Ordinary Shares 14.3K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class B Shares in Virgin Group Acquisition Holdings II LLC, a Delaware limited liability company ("Holdings"). Holdings holds an economic interest in Virgin Group Acquisition Sponsor II LLC, a Cayman Islands limited liability company (the "Sponsor"). These Class B shares in Holdings represent an indirect economic entitlement to the proceeds attributable to holdings of the Sponsor, including a number of the Class B ordinary shares of the Issuer. The Class B shares in Holdings have no expiration date.
F2 Represents a discretionary adjustment made by the manager of Holdings to the number of Class B Ordinary Shares associated with the reporting person's Class B Shares in Holdings in response to a discretionary adjustment made by the manager of the Sponsor to the number of Class B Ordinary Shares associated with Holding's interests in the Class B ordinary shares held by the Sponsor. These adjustments were made to reflect the purchase of additional warrants by the Sponsor in connection with the exercise of the overallotment option in full by the underwriters. No separate consideration was paid by Holdings or the reporting person for either of these adjustments.
F3 This discretionary adjustment did not change the number of Class B Shares in Holdings held by the reporting person, but did increase the number of Class B ordinary shares underlying those shares. The figure provided in Column 7 represents an increase in the number of Class B ordinary shares underlying the 5,000 Class B Shares in Holdings held by the reporting person as a result of the June 4, 2021 adjustment reported here. After this adjustment there are 5,000 Class B ordinary shares underlying these 73,314 Class B Shares in Holdings.