R. Brad Martin - Aug 26, 2022 Form 4 Insider Report for Riverview Acquisition Corp. (RVAC)

Signature
/s/ R. Brad Martin
Stock symbol
RVAC
Transactions as of
Aug 26, 2022
Transactions value $
$22,000,000
Form type
4
Date filed
8/30/2022, 08:27 PM
Previous filing
Jul 21, 2022
Next filing
Aug 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVAC Common Stock Conversion of derivative security +4.93M 4.93M Aug 26, 2022 See Footnote F1
transaction RVAC Common Stock Other -616K -12.51% 4.31M Aug 26, 2022 See Footnote F2
transaction RVAC Common Stock Other $17M +1.7M +39.45% $10.00 6.01M Aug 26, 2022 Direct
transaction RVAC Common Stock Other $5M +500K +8.32% $10.00 6.51M Aug 26, 2022 See Footnote F3
transaction RVAC Common Stock Other -6.51M -100% 0 Aug 26, 2022 See Footnote F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

R. Brad Martin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These shares of common stock were acquired upon the automatic conversion into shares of the Issuer's common stock at the time of the business combination. Such shares are held directly by Riverview Sponsor Partners, LLC (the "Sponsor"). R. Brad Martin, the Chairman and Chief Executive Officer of the registrant, is the managing member of RBM Riverview, LLC, which is the managing member of the Sponsor. Mr. Martin has sole voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Mr. Martin disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.
F2 These shares of common stock were transferred at a price of $0.004 per share, pursuant to promote participation agreements, each dated as of April 4, 2022, by and among the Issuer, Riverview Sponsor Partners, LLC, and certain other entities party thereto.
F3 These shares of common stock were acquired pursuant to a subscription agreement, dated as of April 4, 2022, by and between the Issuer, the Sponsor, and RBM Investments, LLC, over which Mr. Martin may be deemed to exercise voting and investment control.
F4 The reporting person resigned as a director and an officer of the issuer and disposed of all issuer equity securities effective as of the consummation of the business combination and ceased to be a reporting person with respect to the issuer.
F5 Pursuant to the Transaction Agreement, by and among Riverview, Westrock Coffee Holdings, LLC, a Delaware limited liability company ("Westrock"), Origin Merger Sub I, Inc., a Delaware corporation and a wholly-owned subsidiary of Westrock and Origin Merger Sub II, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Westrock, dated April 4, 2022, each issued and outstanding share of the Issuer's common stock automatically converted into the right to receive Westrock common stock on a one-to-one basis.