Joel M. Babbit - Nov 9, 2021 Form 4 Insider Report for GreenSky, Inc. (GSKY)

Role
Director
Signature
/s/ Steven E. Fox, as attorney-in-fact
Stock symbol
GSKY
Transactions as of
Nov 9, 2021
Transactions value $
-$1,211,016
Form type
4
Date filed
11/12/2021, 07:53 AM
Previous filing
Sep 15, 2021
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSKY Class A common stock Sale -$1.19M -99.1K -48.71% $12.00 104K Nov 9, 2021 Direct F1
transaction GSKY Class A common stock Sale -$22.4K -1.87K -1.79% $12.00 102K Nov 10, 2021 Direct F2
holding GSKY Class B common stock 200K Nov 9, 2021 Direct F3

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 GSKY Holdco Units 200K Nov 9, 2021 Class A common stock 200K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.03, inclusive. The reporting person undertakes to provide to GreenSky, Inc., any security holder of GreenSky, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The price reported in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.02, inclusive. The reporting person undertakes to provide to GreenSky, Inc., any security holder of GreenSky, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The Class B common stock entitles holders to ten votes per share; votes as a single class with the Class A common stock, has no economic rights, and is subject to forfeiture upon exchange of the Reporting Person's Holdco Units as described below.
F4 Pursuant to the Exchange Agreement, dated May 23, 2018, by and among the Issuer, GreenSky Holdings, LLC ("GS Holdings") and the members of GS Holdings, the membership interests of GS Holdings (the "Holdco Units") may be exchanged by the Reporting Person (with automatic cancellation of an equal number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions, stock repurchases and other reinvestments of excess cash, or for cash (based on the market price of the shares of Class A common stock), at the Issuer's option.