Wojciech Hlibowicki - Apr 1, 2024 Form 4 Insider Report for Rumble Inc. (RUM)

Signature
/s/ Sergey Milyukov, as Attorney-in-Fact
Stock symbol
RUM
Transactions as of
Apr 1, 2024
Transactions value $
-$1,971,750
Form type
4
Date filed
4/3/2024, 08:45 AM
Previous filing
Nov 20, 2023
Next filing
Apr 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUM Class A Common Stock, par value $0.0001 per share Options Exercise $8.25K +275K +865.43% $0.03* 307K Apr 1, 2024 Direct
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$1.98M -275K -89.64% $7.20 31.8K Apr 1, 2024 Direct F1

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
transaction RUM Stock Option (Right to Buy) Options Exercise $0 -275K -2.56% $0.00 10.5M Apr 1, 2024 Class A Common Stock, par value $0.0001 per share 900K $0.03 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents 795 restricted stock units of the Issuer that previously vested and 30,981 unvested restricted stock units of the Issuer.
F2 Consists of Stock Options that the Reporting Person received in exchange for his outstanding options in Rumble Canada Inc. pursuant to the terms of the Business Combination Agreement, dated as of December 1, 2021 (the "BCA"). Includes 3,538,343 "earnout" Stock Options that are subject to the vesting and forfeiture requirements specified in the BCA.