Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AILE | Common Stock | Award | +78M | 78M | Apr 16, 2024 | Direct | F1, F2, F3 | |||
transaction | AILE | Common Stock | Award | +18.8M | 18.8M | Apr 16, 2024 | By Spouse | F1, F4, F5, F6 |
Id | Content |
---|---|
F1 | Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of April 27, 2023, by and among the Issuer, ARAC Merger Sub, Inc., a wholly-owned subsidiary of the Issuer ("Merger Sub") and iLearningEngines Holdings, Inc. ("Legacy iLearningEngines"), whereby Merger Sub merged with and into Legacy iLearningEngines with the separate corporate existence of Merger Sub ceasing and Legacy iLearningEngines continuing as the surviving corporation and a wholly-owned subsidiary of Issuer (the "Merger"). |
F2 | Includes 27,590,898 shares of restricted stock which vest in 10 equal annual installments beginning on April 16, 2025. Under the terms of the relevant restricted stock purchase agreement, the relevant reported shares of restricted stock may not be transferred without the consent of the Issuer and are subject to a repurchase right in favor of the Issuer. |
F3 | Received in exchange for 62,487,282 shares of Common Stock and 34,225,600 shares of Restricted Common Stock of Legacy iLearningEngines in connection with the Merger (as described in footnote 1). |
F4 | Includes 4,561,014 shares of restricted stock which vest in 10 equal annual installments beginning on April 16, 2025. Under the terms of the relevant restricted stock purchase agreement, the relevant reported shares of restricted stock may not be transferred without the consent of the Issuer and are subject to a repurchase right in favor of the Issuer. |
F5 | Received in exchange for 17,662,288 shares of Common Stock and 5,657,788 shares of Restricted Common Stock of Legacy iLearningEngines in connection with the Merger (as described in footnote 1). |
F6 | The securities are held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |