Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | IBTA | Convertible Promissory Note | Apr 17, 2024 | Class A Common Stock | 1.57K | $63.80 | See footnote | F1, F2, F3, F4 |
Id | Content |
---|---|
F1 | The Convertible Promissory Note held by the Reporting Person's spouse was omitted from the original Form 3, filed April 17, 2024. |
F2 | The Convertible Promissory Note was initially issued on March 24, 2022 and contained various predetermined and automatic adjustment provisions contingent upon the occurrence of specified events. As a result of the IPO pricing, the ultimate conversion price became fixed at $63.80, contingent upon closing of the IPO. |
F3 | The principal amount of the Convertible Promissory Note (together with accrued interest thereon) will convert concurrently with the closing of the IPO into shares of Class A Common Stock at a conversion price equal to $63.80. The Convertible Promissory Note has a maturity date of March 24, 2027. The number of shares reported in Column 3 represents the principal amount (together with accrued interest thereon) divided by the conversion price. |
F4 | The Convertible Promissory Note is held by the Reporting Person's spouse. |