Michael Barnes - Jun 1, 2022 Form 4 Insider Report for TIPTREE INC. (TIPT)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Neil C. Rifkind, as Attorney-in-fact for Michael Barnes
Stock symbol
TIPT
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 04:16 PM
Previous filing
Mar 30, 2022
Next filing
Sep 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TIPT Common Stock Options Exercise $6.78M +979K +11.22% $6.93 9.7M Jun 1, 2022 Direct F1
holding TIPT Common Stock 8.72M Jun 1, 2022 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 TIPT Tiptree Inc. warrant 2022 Options Exercise -$6.78M -979K -100% $6.93 0 Jun 1, 2022 Common Stock 979K $6.93 Direct F1
holding TIPT Tiptree Inc. warrant 2022 979K Jun 1, 2022 Common Stock 979K $6.93 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 1, 2022, the Reporting Person exercised the 2022 Warrants at the adjusted exercise price of $6.927. Tiptree received cash proceeds of $6,782,544.34 from the exercise of the 2022 Warrants.
F2 Per the terms of these warrants, the exercise price was adjusted from $6.954 to $6.927, as a result of the quarterly dividend paid by Tiptree Inc. on May 31, 2022.
F3 Per the terms of these warrants, the number of shares exercisable was adjusted from 975,379.29 to 979,146 as a result of the quarterly dividend paid by Tiptree Inc. on May 31, 2022.