Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | FFWM | Common Stock | 2.9M | Sep 3, 2024 | Owned directly by Strategic Value Investors LP | F1 | |||||
holding | FFWM | Series B Preferred Stock | 3.87K | Sep 3, 2024 | Owned directly by Strategic Value Investors LP | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | FFWM | Series C Warrant | Sep 3, 2024 | Series C Preferred Stock | 2.17K | Owned directly by Strategic Value Investors LP | F1, F3 |
Id | Content |
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F1 | Owned directly by Strategic Value Investors LP. The reporting person, solely by virtue of his position as a managing member of Strategic Value Bank Partners LLC, which serves as the general partner of Strategic Value Investors LP, may be deemed to beneficially own the shares owned directly by Strategic Value Investors LP for purposes of Section 16. The reporting person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
F2 | Subject to approval by the stockholders of the Company, each share of Series B Noncumulative Convertible Preferred Stock, par value $0.001 per share (the "Series B Preferred Stock"), will convert to 1,000 shares of Common Stock. Prior to such stockholder approval, each share of Series B Preferred Stock will convert into 1,000 shares of Common Stock upon a transfer consistent with the rules and limitations of Regulation Y of the Bank Holding Company Act of 1956, as amended (a "Reg Y Transfer"). |
F3 | From and after January 5, 2025, the warrant is exercisable to purchase 2,168 shares of non-voting Series C Preferred Stock, par value $0.001 per share, at a price of $5,125 per share, subject to adjustment, and expires on July 8, 2031. Subject to approval by the stockholders of the Company, each share of Series C Preferred Stock will convert into 1,000 shares of Common Stock upon a Reg Y Transfer. |