Jonathan Green - May 28, 2021 Form 4 Insider Report for Waitr Holdings Inc. (ASAP)

Role
Director
Signature
/s/ Annette Finch, Attorney-in-Fact
Stock symbol
ASAP
Transactions as of
May 28, 2021
Transactions value $
-$4,118,974
Form type
4
Date filed
9/17/2021, 07:37 PM
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAP Common Stock Conversion of derivative security $955K +91.4K +1.76% $10.45* 5.29M May 28, 2021 See footnote F1
transaction ASAP Common Stock Conversion of derivative security $580K +55.5K +1.05% $10.45* 5.34M Jul 13, 2021 See footnote F1
transaction ASAP Common Stock Sale -$69.9K -58.8K -1.1% $1.19* 5.29M Sep 7, 2021 See footnote F1
transaction ASAP Common Stock Sale -$116K -60.4K -1.14% $1.92* 5.23M Sep 7, 2021 See footnote F1
transaction ASAP Common Stock Sale -$758K -627K -12.01% $1.21* 4.6M Sep 7, 2021 See footnote F1
transaction ASAP Common Stock Sale -$20.1K -16K -0.35% $1.26* 4.58M Sep 7, 2021 See footnote F1
transaction ASAP Common Stock Sale -$13.4K -10.7K -0.23% $1.26* 4.57M Sep 7, 2021 See footnote F1
transaction ASAP Common Stock Sale -$57 -52 0% $1.10* 4.57M Sep 8, 2021 See footnote F1
transaction ASAP Common Stock Sale -$920K -836K -18.29% $1.10* 3.74M Sep 8, 2021 See footnote F1
transaction ASAP Common Stock Sale -$3.24M -3.24M -86.66% $1.00* 498K Sep 9, 2021 See footnote F1
transaction ASAP Common Stock Sale -$247K -247K -49.58% $1.00* 251K Sep 9, 2021 See footnote F1
transaction ASAP Common Stock Sale -$272K -251K -100% $1.08* 0 Sep 9, 2021 See footnote F1

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 ASAP Convertible Promissory Notes Conversion of derivative security $0 -122K -4.59% $0.00 2.55M May 28, 2021 Common Stock 91.4K $10.45 See footnote F2, F3
transaction ASAP Convertible Promissory Notes Conversion of derivative security $0 -74.3K -2.89% $0.00 2.49M Jul 13, 2021 Common Stock 55.5K $10.45 See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Green is a managing member and controlling person of Lugard Road Capital GP, LLC, the general partner of Lugard Road Capital Master Fund, LP ("Lugard Road Master"), which is an investment fund affiliated with Luxor Capital Group, LP ("Luxor Capital"). Mr. Green disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F2 On November 15, 2018, $60,000,000 in aggregate principal amount of convertible promissory notes (the Notes) were issued to Luxor Capital, $31,574,000 of which was issued to Lugard Road Master. The Notes currently bear interest at a rate of 6% per annum, paid quarterly (half payable in cash and half as payment-in-kind), and will mature on November 15, 2023. As of September 9, 2021, the outstanding aggregate principal amount of the Notes totaled $49,504,123, of which $26,050,719 was issued to Lugard Road Master. Upon maturity, the Notes (and any accrued but unpaid interest) will be repaid in cash or converted into shares of common stock, at the issuer's election. At any time, at the holder's election, each Note may be converted in whole or in part into shares of common stock at a rate of $10.45 per share.
F3 Securities are held directly by Lugard Road Master. Mr. Green disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.