Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | RR | Class A Common Stock | Nov 13, 2023 | Class B Common Stock | 7.89M | Direct | F1, F2, F3 |
Id | Content |
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F1 | The shares of Class A Common Stock are convertible into shares of Class B Common Stock at any time at the option of the holder on a one-for-one basis, and have no expiration date. Each share of Class B Common Stock is entitled to the same rights applicable to each share of Class A Common Stock, except each share of Class B Common Stock is entitled to one (1) vote whereas each share of Class A common stock is entitled to ten (10) votes on all matters submitted to a vote of stockholders of the Issuer. |
F2 | The Reporting Person is the Chief Financial Officer and Director of the Issuer and beneficially owns 7,892,000 shares of Class A common stock, representing approximately 17.03% of the total voting power of the issued and outstanding shares of common stock immediately after the consummation of the Issuer's initial public offering, assuming the underwriters do not exercise their over-allotment option to purchase additional shares of Class B common stock. |
F3 | The Reporting Person has agreed not to sell, transfer or dispose of any of the common stock of the Issuer held by the Reporting Person for a period of 180 days from the effectiveness of the registration statement for its initial public offering, subject to certain exceptions. |