Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EWCZ | Class B Common Stock | Conversion of derivative security | -50K | -31.32% | 110K | Aug 25, 2022 | Direct | F1, F2, F3 | ||
transaction | EWCZ | Class A Common Stock | Conversion of derivative security | +50K | +308.09% | 66.2K | Aug 25, 2022 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EWCZ | Common Units of EWC Ventures, LLC | Conversion of derivative security | -50K | -31.32% | 110K | Aug 25, 2022 | Class A Common Stock | 50K | Direct | F1, F2 |
Id | Content |
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F1 | On August 25, 2022, the Reporting Person exchanged 50,000 non-voting Common Units of EWC Ventures, LLC ("EWC Ventures Units") and 50,000 shares of Class B Common Stock of the Issuer for 50,000 shares of Class A Common Stock of the Issuer. Following such exchange, the Reporting Person holds 109,641 EWC Ventures Units and 109,641 shares of Class B Common Stock of the Issuer. |
F2 | Pursuant to the terms of the Exchange Agreement, effective as of August 4, 2021, by and among the Issuer, EWC Ventures, LLC and the equityholders of EWC Ventures, LLC (the "Exchange Agreement"), EWC Ventures Units, together with a corresponding number of shares of Class B Common Stock of the Issuer, may be exchanged for shares of Class A Common Stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire. |
F3 | Shares of Class B Common Stock of the Issuer have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of EWC Ventures Units held. |