Wesley R. Edens - May 11, 2022 Form 4 Insider Report for Drive Shack Inc. (DSHK)

Role
Director, 10%+ Owner
Signature
/s/ Wesley R. Edens
Stock symbol
DSHK
Transactions as of
May 11, 2022
Transactions value $
$2,271,044
Form type
4
Date filed
5/13/2022, 07:24 PM
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSHK Common Stock, par value $0.01 per share Purchase $539K +494K +14.11% $1.09 4M May 11, 2022 Direct F1
transaction DSHK Common Stock, par value $0.01 per share Purchase $539K +494K +12.84% $1.09 4.34M May 11, 2022 WRE 2021 Trust LLC F1, F2
transaction DSHK Common Stock, par value $0.01 per share Purchase $597K +506K +12.66% $1.18* 4.5M May 12, 2022 Direct F3
transaction DSHK Common Stock, par value $0.01 per share Purchase $597K +506K +11.65% $1.18* 4.85M May 12, 2022 WRE 2021 Trust LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $1.045 to $1.15. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 Reflects shares held by WRE 2021 Trust LLC, which is owned by The Wesley R. Edens 2021 Family Trust (formerly the The Wesley R. Edens 2011 GRAT Family Trust). The reporting person may be deemed to be the beneficial owner of these shares but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F3 The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $1.085 to $1.29. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.