Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PRCH | Common Stock, par value $0.0001 | Sale | -$3.3M | -2.6M | -21.19% | $1.27 | 9.67M | Apr 17, 2023 | See Footnote | F1, F2 |
Park West Asset Management LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | Park West Asset Management LLC ("PWAM") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF") and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI" and, collectively with PWIMF, the "PW Funds"). Peter S. Park ("Mr. Park"), through one or more affiliated entities, is the controlling manager of the Reporting Person. The Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in the securities reported herein. |
F2 | Represents the sale of shares in a privately negotiated sale transaction. The Reporting Person's sales reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with previously reported transactions by the Reporting Person (the "Previous Transactions"). Because the sale reported herein occurred at a price lower than the price the Reporting Person sold shares in the Previous Transactions, there are no additional recoverable profits subject to disgorgement in connection with the sale reported herein. |