Marshall Chesrown - Jul 30, 2021 Form 4 Insider Report for RumbleOn, Inc. (RMBL)

Role
Chairman and CEO, Director
Signature
/s/ Marshall Chesrown
Stock symbol
RMBL
Transactions as of
Jul 30, 2021
Transactions value $
$0
Form type
4
Date filed
9/3/2021, 08:13 PM
Next filing
Apr 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMBL Class B Common Stock Options Exercise +155K +161.6% 250K Sep 3, 2021 Direct F1
transaction RMBL Class B Common Stock Tax liability $0 -61.9K -24.69% $0.00 189K Sep 3, 2021 Direct
holding RMBL Class A Common Stock 43.8K Jul 30, 2021 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
transaction RMBL Restricted Stock Units Award $0 +38.5K $0.00 38.5K Jul 30, 2021 Class B Common Stock 38.5K Direct F2, F3
transaction RMBL Restricted Stock Units Award $0 +30K $0.00 30K Aug 31, 2021 Class B Common Stock 30K Direct F2, F4
transaction RMBL Restricted Stock Units Disposed to Issuer $0 -19.5K -100% $0.00* 0 Sep 3, 2021 Class B Common Stock 19.5K Direct F2, F5
transaction RMBL Restricted Stock Units Disposed to Issuer $0 -66.7K -100% $0.00* 0 Sep 3, 2021 Class B Common Stock 66.7K Direct F2, F5
transaction RMBL Restricted Stock Units Disposed to Issuer $0 -38.5K -100% $0.00* 0 Sep 3, 2021 Class B Common Stock 38.5K Direct F2, F5
transaction RMBL Restricted Stock Units Disposed to Issuer $0 -30K -100% $0.00* 0 Sep 3, 2021 Class B Common Stock 30K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's Class B Common Stock received upon delivery of shares underlying vested restricted stock units ("RSUs").
F2 Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F3 These RSUs were approved by the compensation committee of the Issuer's board of directors on March 12, 2021, subject to shareholder approval of the amendment to the Issuer's 2017 Stock Incentive Plan (the "Plan"). The Issuer's shareholders approved the amendment to the Plan on July 30, 2021. These RSUs were scheduled to vest in equal quarterly installments during the thirty-six month period following the grant date, assuming continuous service of the grantee.
F4 These RSUs were granted on August 31, 2021 and vest as set forth below in footnote 5.
F5 In connection with the Issuer's business combination with RideNow, the vesting of these RSUs were accelerated and the shares of Class B Common Stock were issued on September 3, 2021.