Jose Miguel Enrich - Aug 8, 2023 Form 4 Insider Report for Rubicon Technologies, Inc. (RBT)

Role
10%+ Owner
Signature
/s/ Jose Miguel Enrich
Stock symbol
RBT
Transactions as of
Aug 8, 2023
Transactions value $
$10,295,697
Form type
4
Date filed
8/28/2023, 09:57 PM
Previous filing
Aug 3, 2023
Next filing
Sep 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBT Class A common stock Conversion of derivative security $967K +644K +30.37% $1.50 2.77M Aug 24, 2023 By Pequeno Holdings LP F1, F2, F6
transaction RBT Class A common stock Conversion of derivative security $967K +644K +23.16% $1.50 3.43M Aug 24, 2023 By DGR Holdings LP F1, F3, F6
transaction RBT Class A common stock Conversion of derivative security $967K +644K +42.71% $1.50 2.15M Aug 24, 2023 By Bolis Holdings LP F1, F4, F6
transaction RBT Class A common stock Conversion of derivative security $7.4M +4.93M +12.94% $1.50 43M Aug 24, 2023 By MBI Holdings LP F1, F6
holding RBT Class A common stock 17.1M Aug 8, 2023 By GFAPCH FO, S.C. F5, F6
holding RBT Class A common stock 351K Aug 8, 2023 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
transaction RBT 4% Convertible Debentures due 2026 Purchase $350K $350K Aug 8, 2023 Class A common Stock 233K $1.50 By Pequeno Holdings LP F1, F2, F6
transaction RBT 4% Convertible Debentures due 2026 Purchase $350K $350K Aug 8, 2023 Class A common Stock 233K $1.50 By DGR Holdings LP F1, F3, F6
transaction RBT 4% Convertible Debentures due 2026 Purchase $350K $350K Aug 8, 2023 Class A common Stock 233K $1.50 By Bolis Holdings LP F1, F4, F6
transaction RBT 4% Convertible Debentures due 2026 Purchase $2.68M $2.68M Aug 8, 2023 Class A common Stock 1.79M $1.50 By MBI Holdings LP F1, F6
transaction RBT 4% Convertible Debentures due 2026 Conversion of derivative security -$350K 0 Aug 24, 2023 Class A common Stock 644K $1.50 By Pequeno Holdings LP F1, F2, F6
transaction RBT 4% Convertible Debentures due 2026 Conversion of derivative security -$350K 0 Aug 24, 2023 Class A common Stock 644K $1.50 By DGR Holdings LP F1, F3, F6
transaction RBT 4% Convertible Debentures due 2026 Conversion of derivative security -$350K 0 Aug 24, 2023 Class A common Stock 644K $1.50 By Bolis Holdings LP F1, F4, F6
transaction RBT 4% Convertible Debentures due 2026 Conversion of derivative security -$2.68M 0 Aug 24, 2023 Class A common Stock 4.93M $1.50 By MBI Holdings LP F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 4% Convertible Debentures due 2026 ("Convertible Notes") are convertible into Rubicon Technologies, Inc. ("Issuer") Class A common stock ("Common Stock") at the option of the reporting persons at the lower of (i) $1.50 or (ii) 90% of the lowest daily VWAP during the seven consecutive Trading Days immediately preceding the Conversion Date, but in no event lower than $0.25 per share. On August 8, 2023 the reporting persons converted the Convertible Notes into 6,863,798 shares of the Issuer's Common Stock.
F2 Bolis Holdings LLC ("Bolis LLC") is the general partner of Bolis Holdings LP ("Bolis LP").
F3 DGR Holdings LLC ("DGR LLC") is the general partner of DGR Holdings LP ("DGR LP").
F4 Pequeno Holdings LLC ("Pequeno LLC") is the general partner of Pequeno Holdings LP ("Pequeno LP").
F5 GFAPCH FO, S.C., a Mexican corporation ("GFAPCH"), is the general partner of each of RUBCN Holdings LP, RUBCN IV LP, and RUBCN Holdings V LP.
F6 Enrich is the general partner of MBI Holdings LP ("MBI"), the sole director of each of Bolis LLC, Pequeno LLC, DGR LLC, and GFAPCH and has voting and dispositive control over such securities and may be deemed to beneficially own such securities held by MBI, GFAPCH, Bolis LP, Pequeno LP, and DGR LP. Mr. Enrich disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.