Melvin Flanigan - 05 Dec 2023 Form 4 Insider Report for RumbleOn, Inc. (RMBL)

Role
Director
Signature
/s/ Mathew W Grynwald, as Attorney-in-fact for Melvin Flanigan
Issuer symbol
RMBL
Transactions as of
05 Dec 2023
Net transactions value
+$124,998
Form type
4
Filing time
07 Dec 2023, 17:24:55 UTC
Previous filing
05 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMBL Class B Common Stock Options Exercise $124,998 +22,727 +180% $5.50 35,368 05 Dec 2023 Direct F1, F2

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 RMBL Subscription Rights (right to buy) Options Exercise $0 -21,074 -100% $0.000000* 0 05 Dec 2023 Class B Common Stock 22,727 $5.50 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of Class B Common Stock that the Reporting Person purchased in the Issuer's rights offering pursuant to the subscription rights. The closing of the rights offering and the issuance of the Class B Common Stock is expected to be on or about December 8, 2023.
F2 The effective purchase price of the shares of Class B Common Stock underlying the subscription rights issued in connection with the Issuer's rights offering was $5.50 per share.
F3 Each subscription right issued to the Reporting Person is exercisable for 1.078444 shares of the Issuer's Class B Common Stock. The number of shares of Class B Common Stock reported in Column 7 is rounded down to the nearest whole number. The subscription rights are only exercisable for whole shares of Class B Common Stock. The rights offering also included an over-subscription right, which entitled eligible stockholders who fully exercised their basic subscription right the right to purchase additional shares of Class B Common Stock that remained unsubscribed at the expiration time of the rights offering at a price of $5.50 per share, subject to allocation. Includes approximately 18,983 shares issued pursuant to the over-subscription right in connection with the rights offering.