Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BODY | Class A Common Stock | Options Exercise | $0 | +7.5M | $0.00 | 7.5M | Jun 25, 2021 | see footnote | F1, F3 | |
transaction | BODY | Class A Common Stock | Other | $0 | -7.5M | -100% | $0.00* | 0 | Jul 16, 2021 | see footnote | F2, F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BODY | Class B Common Stock | Options Exercise | $0 | -7.5M | -100% | $0.00* | 0 | Jun 25, 2021 | Class A Common Stock | 7.5M | See footnote | F1, F3 | |
transaction | BODY | Warrant | Award | $8M | +5.33M | $1.50 | 5.33M | Jun 25, 2021 | Class A Common Stock | 5.33M | $11.50 | See footnote | F3, F4 | |
transaction | BODY | Warrant | Other | $0 | -5.33M | -100% | $0.00* | 0 | Jul 16, 2021 | Class A Common Stock | 5.33M | $11.50 | See footnote | F2, F3 |
Id | Content |
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F1 | As described in the registrant's registration statement on Form S-1 (File No. 333-249385) under the heading "Description of Securities-Founder Shares," the shares of Class B common stock were automatically converted into shares of Class A common stock at the time of the registrant's initial business combination on a one-for-one basis, and have no expiration date. |
F2 | Represents the pro rata distribution of the shares of Class A common stock and warrants of the registrant held by Forest Road Acquisition Sponsor LLC (the "Sponsor") to its members or their permitted transferees. |
F3 | The Forest Road Company, LLC is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. Zachary Tarica is the Chief Executive Officer of The Forest Road Company, LLC. By virtue of these relationships, Mr. Tarica may be deemed to have beneficial ownership of the securities held by the Sponsor. Each such person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly. |
F4 | The Sponsor acquired these warrants for a purchase price of $1.50 per warrant in connection with the IPO. The warrants could only become eligible for exercise upon consummation of the registrant's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the consummation of the registrant's initial business combination. |