Francis Davidson - Nov 6, 2024 Form 4 Insider Report for Sonder Holdings Inc. (SOND)

Role
Chief Executive Officer, Director
Signature
/s/ Katherine E. Potter Attorney-in Fact for Francis Davidson
Stock symbol
SOND
Transactions as of
Nov 6, 2024
Transactions value $
$500,000
Form type
4
Date filed
11/8/2024, 04:15 PM
Previous filing
Aug 19, 2024

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 SOND Series A Convertible Preferred Stock Award $500K +500K +50% $1.00 1.5M Nov 6, 2024 Common Stock 500K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A Convertible Preferred Stock, par value $0.0001 per share, of the Issuer, is convertible into a number of shares of common stock equal to (x) the liquidation preference, plus an amount equal to all accumulated and unpaid dividends on such shares (including dividends accrued and unpaid on previously unpaid dividends) divided by (y) a conversion price of the lower of (i) $1.00 and (ii) a 10% discount to the lowest daily VWAP of the common stock in the 7 trading days prior to the date of conversion, subject to a minimum conversion price of $0.50. The number of shares of common stock and Series A Convertible Preferred Stock included herein excludes any shares of Series A Convertible Preferred Stock issuable with respect to accrued and unpaid dividends and shares of common stock issuable upon the conversion thereof.
F2 The shares of Series A Convertible Preferred Stock were immediately convertible into shares of common stock upon their issuance on November 6, 2024.
F3 The conversion rights of the Series A Convertible Preferred Stock do not expire.