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.