Chinh Chu - Aug 29, 2022 Form 4 Insider Report for Getty Images Holdings, Inc. (GETY)

Role
Director
Signature
/s/ Kjelti Kellough as attorney in fact for Chinh Chu
Stock symbol
GETY
Transactions as of
Aug 29, 2022
Transactions value $
$0
Form type
4
Date filed
8/31/2022, 06:58 PM
Previous filing
Aug 26, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GETY Class A common stock Options Exercise +9.28M +82.45% 20.5M Aug 29, 2022 By CC NB 2 Sponsor Holdings LLC F1, F2, F3
transaction GETY Class A common stock Tax liability -3.5M -17.05% 17M Aug 29, 2022 By CC NB 2 Sponsor Holdings LLC F2, F3, F4

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 GETY Warrants to purchase Class A common stock Options Exercise -9.28M -100% 0 Aug 29, 2022 Class A common stock 9.28M $11.50 By CC NB 2 Sponsor Holdings LLC F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the exercise of 9,280,000 warrants to purchase shares of Class A common stock of Getty Images Holdings, Inc. (f/k/a Vector Holding, LLC, the "Issuer") on a cashless basis pursuant to the Warrant Agreement, dated as of August 4, 2020 (the "Warrant Agreement"), by and between CC Neuberger Principal Holdings II ("CCNB") and Continental Stock Transfer & Trust Company (the "CST"), as assumed by the Issuer pursuant to that certain Warrant Assumption Agreement, dated as of July 22, 2022, by and among the Issuer, CCNB, CST and American Stock Transfer & Trust Company, LLC. The number of shares of Class A common stock issuable upon exercise of the warrants was determined in accordance with section 3.3.1(c) of the Warrant Agreement.
F2 The reported amount includes 11,255,200 shares of Class A common stock (the "Sponsor Shares") that are held by CC Neuberger Principal Holdings II Sponsor LLC (the "Sponsor"), which is controlled by an affiliate of the reporting person. The Sponsor Shares reflect the portion of securities held by the Sponsor which are attributed to the reporting person; the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3 The reported securities are held by CC NB 2 Sponsor Holdings LLC, which is controlled by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4 Reflects the shares of Class A common stock "withheld" in connection with the Cashless Exercise. Pursuant to Section 3.3.1(c) of the Warrant Agreement, the price was calculated as the average last reported sale price of the shares for the ten trading days ending on the third trading day prior to the date on which notice of exercise of the private placement warrant was sent to the Warrant Agent.