Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PAY | Stock Option (Right to Buy) | Other | $0 | -1.48M | -100% | $0.00* | 0 | May 28, 2021 | Common Stock | 1.48M | $0.03 | See Explanation of Responses | F1, F2, F3 |
transaction | PAY | Stock Option (Right to Buy) | Other | $0 | +1.48M | $0.00 | 1.48M | May 28, 2021 | Class B Common Stock | 1.48M | $0.03 | See Explanation of Responses | F1, F2, F3 |
Id | Content |
---|---|
F1 | Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. Class B Common Stock is convertible at any time, at the holder's election and automatically in connection with certain transfers and upon certain other events, into an equal number of shares of Class A Common Stock and has no expiration date. |
F2 | The shares subject to the option are fully vested and exercisable. |
F3 | Represents shares held directly by TF Investment Holdings LLC. Gary Trainor is the sole manager of TF Investment Holdings LLC and has sole voting and dispositive power with respect to the shares held by TF Investment Holdings LLC. |