Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RL | Class A Common Stock | +Conversion of derivative security | +3,000,000 | 3,000,000 | Mar 4, 2024 | Direct | F1, F2 | |||
transaction | RL | Class A Common Stock | -Sell | -$531,450,000 | -3,000,000 | -100% | $177.15 | 0 | Mar 4, 2024 | Direct | F2 |
holding | RL | Class A Common Stock | 41,469 | Mar 4, 2024 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RL | Class B Common Stock | -Conversion of derivative security | $0 | -3,000,000 | -51.35% | $0.00 | 2,842,342 | Mar 4, 2024 | Class A Common Stock | 3,000,000 | Direct | F1, F2 |
Id | Content |
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F1 | The holder of the securities has the right, at the holder's option, at any time and from time to time, to convert shares of Class B Common Stock into Class A Common Stock on a one-for-one basis. On March 4, 2024, the Lauren Family, L.L.C. converted 3,000,000 shares of Class B Common Stock into an equal number of shares of Class A Common Stock and sold such shares of Class A Common Stock, in connection with a long-term strategy for estate planning and investment diversification. |
F2 | These securities are held by Lauren Family, L.L.C., a limited liability company of which Mr. David Lauren is a manager and in which Mr. David Lauren has an indirect pecuniary interest. Mr. David Lauren disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
F3 | These securities are held individually by Mr. David Lauren. |
Following the sale reported herein, the Lauren Family, L.L.C., is no longer a 10% beneficial owner and this reflects an exit filing by Lauren Family, L.L.C.