Jonathan Green - Jun 3, 2022 Form 4 Insider Report for Waitr Holdings Inc. (ASAP)

Role
Director
Signature
/s/Annette L. Finch, as Attorney-in-Fact
Stock symbol
ASAP
Transactions as of
Jun 3, 2022
Transactions value $
-$59,681
Form type
4
Date filed
6/7/2022, 05:09 PM
Previous filing
Jun 2, 2022
Next filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAP Common Stock Sale -$18.4K -105K -7.37% $0.18 1.32M Jun 3, 2022 See Footnote F1
transaction ASAP Common Stock Sale -$17.3K -102K -7.7% $0.17 1.22M Jun 6, 2022 See Footnote F1
transaction ASAP Common Stock Sale -$23.9K -158K -12.94% $0.15 1.06M Jun 7, 2022 See Footnote F1
holding ASAP Common Stock 19.8K Jun 3, 2022 Direct

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
holding ASAP Convertible Promissory Notes 3.01M Jun 3, 2022 Common Stock 0 $8.52 See Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Green is a managing member and controlling person of Lugard Road Capital GP, LLC, the general partner of Lugard Road Capital Master Fund, LP ("Lugard Road Master"), which is an investment fund affiliated with Luxor Capital Group, LP ("Luxor Capital"). Mr. Green disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F2 On November 15, 2018, $60,000,000 in aggregate principal amount of convertible promissory notes (the "Notes") were issued to Luxor Capital, $31,574,000 of which was issued to Lugard Road Master. The Notes currently bear interest at a rate of 6% per annum, paid quarterly (half payable in cash and half as payment-in-kind if elected), and will mature on May 15, 2024. As of June 7, 2022, the outstanding aggregate principal amount of the Notes totaled $48,754,123, of which $25,656,044 was issued to Lugard Road Master. Upon maturity, the Notes (and any accrued but unpaid interest) will be repaid in cash or converted into shares of common stock, at the issuer's election. At any time, at the holder's election, each Note may be converted in whole or in part into shares of common stock at a rate of $8.52 per share. Pursuant to the Conversion Agreement dated May 13, 2022, the noteholders are permitted to convert up to $750,000 of principal into stock at a share price equal to $0.17.
F3 Securities are held directly by Lugard Road Master. Mr. Green disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.