Edwin Rigaud - 13 Jul 2023 Form 4 Insider Report for PARTS iD, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 13 Jul 2023
Net transaction value: +$250,000
SEC form: 4
Accepted by SEC: 26 Jul 2023, 16:31:01 UTC
Prior SEC filing: 07 Mar 2023
Next SEC filing: 22 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Edwin Rigaud

Key filing fact

Edwin Rigaud filed Form 4 for PARTS iD, Inc. on 26 Jul 2023.

Key facts

This page summarizes Edwin Rigaud's Form 4 filing for PARTS iD, Inc..
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 26 Jul 2023, 16:31.

Change

Previous filing in this sequence was filed on 07 Mar 2023.
Current net transaction value: +$250,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ID transaction Derivative

Warrant (Right to Purchase)

Award

Transaction value
Shares: +595,238
Change %
Price
Shares after: 595,238
Date: 13 Jul 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 595,238
Exercise price: $0.4200
Footnotes: F1

ID transaction Derivative

Convertible Notes

Award

Transaction value: $250,000
Shares
Change %
Price
Shares after: $250,000
Date: 13 Jul 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount
Exercise price
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The warrants were received in consideration for the loans forwarded by Mr. Rigaud and which are evidenced by the convertible promissory notes (the "Convertible Notes").

Footnote F2

The Convertible Notes mature on July 13, 2024 (the "Maturity Date").

Footnote F3

Upon the Issuer's sale and issuance of equity or equity-linked securities pursuant to which the Issuer receives aggregate gross proceeds of at least $10 million (a "Qualified Equity Financing") within 180 days of the transaction date, the Convertible Notes are mandatorily convertible into shares of such equity securities sold in the Qualified Equity Financing. Effective on the Maturity Date, if the Convertible Notes have not otherwise been repaid by the Issuer in accordance with the terms and conditions set forth therein, then at the option of the Reporting Person, the outstanding balance of the Convertible Note (including any accrued but unpaid interest thereon) (the "Note Amount") shall convert into that number of fully paid and nonassessable shares of the Company's Class A common stock at a conversion price equal to the respective Note Amount (as defined in the Convertible Note) divided by the Conversion Price (as defined in the Convertible Note).