Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SWSS | Common stock | Other | $0 | -950K | -19.38% | $0.00 | 3.95M | May 15, 2023 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | These shares of common stock (the "Shares") were transferred by Springwater Promote LLC ("Sponsor") for a purchase price equal to the price Sponsor originally paid for the Shares. |
F2 | The Shares are owned directly by Sponsor, a ten percent owner of the Issuer, and indirectly by its managing members, Martin Gruschka, a Director and the Chief Executive Officer of the Issuer, Alexander Greystoke, a Director of the Issuer, and Raghunath Kilambi, a Director of the Issuer. Each of the three managing members has one vote, and the approval of at least two of the three is required for approval of an action of the entity. Each of Messrs. Gruschka, Greystoke, and Kilambi disclaims beneficial ownership of the securities held by Sponsor, except to the extent of his pecuniary interest therein. |