Christopher Pavlovski - Sep 16, 2022 Form 3 Insider Report for Rumble Inc. (RUM)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Michael Ellis, as Attorney-in-Fact
Stock symbol
RUM
Transactions as of
Sep 16, 2022
Transactions value $
$0
Form type
3
Date filed
9/26/2022, 04:14 PM
Next filing
Nov 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RUM Class A Common Stock, par value $0.0001 per share 1.1M Sep 16, 2022 Direct F1
holding RUM Class C Common Stock, par value $0.0001 per share 105M Sep 16, 2022 Direct F2
holding RUM Class D Common Stock, par value $0.0001 per share 106M Sep 16, 2022 Direct

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
holding RUM Exchangeable Shares Sep 16, 2022 Class A Common Stock, par value $0.0001 per share 105M Direct F3
holding RUM Stock Option (Right to Buy) Sep 16, 2022 Class A Common Stock, par value $0.0001 per share 34.4M $0.03 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 1,100,000 restricted stock units (RSUs) granted to Mr. Pavlovski on September 16, 2022, pursuant to the Rumble Inc. 2022 Stock Incentive Plan. Each RSU represents the contingent right to receive one share of Class A Common Stock. Subject to Mr. Pavlovski's continuous employment through the applicable vesting dates, one-third of the RSUs will vest on each of September 16, 2023, September 16, 2024, and September 16, 2025.
F2 Gives effect to the repurchase by Rumble Inc. (f/k/a CF Acquisition Corp. VI) (the "Company") on September 16, 2022, of 1,100,000 shares of Class C Common Stock from Mr. Pavlovski pursuant to the Share Repurchase Agreement dated as of December 1, 2021. Includes 34,858,165 shares of Class C Common Stock that are subject to the vesting and forfeiture requirements specified in the Business Combination Agreement (the "BCA"), dated as of December 1, 2021, by and between the Company and Rumble Inc. (n/k/a Rumble Canada Inc.) ("Rumble Canada").
F3 Consists of Exchangeable Shares issued by 1000045728 Ontario Inc., a corporation formed under the laws of the Province of Ontario, Canada, and an indirect subsidiary of the Company. Includes 34,858,165 Exchangeable Shares that are subject to the vesting and forfeiture requirements specified in the BCA. Each Exchangeable Share is exchangeable at the election of the holder thereof for one share of Class A Common Stock of the Company. The Exchangeable Shares are currently exercisable and have no expiration date.
F4 Consists of Stock Options that Mr. Pavlovski received in exchange for his outstanding options in Rumble Canada pursuant to the terms of the BCA. Includes 11,335,655 "earnout" Stock Options that are subject to the vesting and forfeiture requirements specified in the BCA.

Remarks:

Exhibit 24 - Power of Attorney