| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ID | Class A Common Stock | Disposed to Issuer | $0 | +1.53M | $0.00* | 0 | Feb 22, 2024 | Direct | F1, F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ID | Warrant (Right to Purchase) | Disposed to Issuer | -1.56M | -100% | 0 | Feb 22, 2024 | Class A Common Stock | 1.56M | $0.48 | Direct | F1, F2 | ||
| transaction | ID | Warrant (Right to Purchase) | Disposed to Issuer | -50K | -100% | 0 | Feb 22, 2024 | Class A Common Stock | 50K | $0.50 | Direct | F1, F2 | ||
| transaction | ID | Warrant (Right to Purchase) | Disposed to Issuer | -4.76M | -100% | 0 | Feb 22, 2024 | Class A Common Stock | 4.76M | $0.42 | Direct | F1, F2 | ||
| transaction | ID | Convertible Notes | Other | -$250K | 0 | Feb 22, 2024 | Class A Common Stock | Direct | F1, F2, F4 | |||||
| transaction | ID | Convertible Notes | Other | -$750K | 0 | Feb 22, 2024 | Class A Common Stock | Direct | F1, F2, F5 | |||||
| transaction | ID | Convertible Notes | Other | -$2M | 0 | Feb 22, 2024 | Class A Common Stock | Direct | F1, F2, F4 |
Lev Peker is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On December 26, 2023, PARTS iD, Inc. (the "Issuer") and certain subsidiary PARTS iD, LLC (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On February 5, 2024, the Bankruptcy Court entered an order confirming the Debtors' Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the "Plan"), and on February 22, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy. |
| F2 | On the Effective Date, all of the Company's previously outstanding shares of Class A common stock, including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court. |
| F3 | Includes 1,500,000 unvested restricted stock units. |
| F4 | In accordance with the Plan approved by the Bankruptcy Court, as a holder of Subordinated Secured Note Claims (as defined in the Plan), Mr. Peker will be entitled to receive two (2) of the following, provided, however, that no holder of a Subordinated Secured Note Claim will receive, in the aggregate, more than 100% of amount of such holder's Subordinated Secured Note Claim: (A) payment in cash of 55% of such Subordinated Secured Note Claim, (B) such holder's pro rata share from the net recoveries (after payments of fees, litigation financing and taxes) from the Litigation Proceeds (as defined in the Plan) and (C) payment in cash upon the achievement of an EBITDA target to be agreed between the Plan Sponsor (as defined in the Plan) and the Debtors. |
| F5 | In accordance with the Plan approved by the Bankruptcy Court, unsecured note claims were discharged and received no distribution under the Plan. |