Gerald R. Benjamin - Mar 7, 2022 Form 4 Insider Report for GreenSky, Inc. (GSKY)

Role
Chief Administrative Officer, Director
Signature
/s/ Steven E. Fox, as attorney-in-fact
Stock symbol
GSKY
Transactions as of
Mar 7, 2022
Transactions value $
-$167,859
Form type
4
Date filed
3/9/2022, 03:30 PM
Previous filing
Nov 17, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSKY Class A common stock Tax liability -$168K -17.4K -5.88% $9.62 279K Mar 7, 2022 Direct F1
holding GSKY Class B common stock 979K Mar 7, 2022 Direct F2
holding GSKY Class B common stock 199K Mar 7, 2022 By LLC 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
holding GSKY Holdco Units 979K Mar 7, 2022 Class A common stock 979K Direct F3
holding GSKY Holdco Units 199K Mar 7, 2022 Class A common stock 199K By LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of GreenSky, Inc. common stock withheld to satisfy tax withholding obligations upon vesting of restricted stock, based on the closing price of GreenSky, Inc. common stock on the date immediately preceding the vesting date.
F2 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.
F3 Pursuant to the Exchange Agreement, dated May 23, 2018, by and among the Issuer, 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.