Kevin Michael Schubert - 23 May 2024 Form 4 Insider Report for Rubicon Technologies, Inc. (RBTC)

Role: CFO, President, and Secretary
Signature: /s/ Kevin Schubert
Issuer symbol: RBTC
Transactions as of: 23 May 2024
Net transactions value: -$3,002
Form type: 4
Filing time: 24 May 2024, 19:13:31 UTC
Previous filing: 22 Dec 2023
Next filing: 17 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RBT	Class A Common Stock	Tax liability	$3,002	-13,644	-5.8%	$0.2200	221,950	24 May 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.2155 to $0.2203, inclusive. The reporting person undertakes to provide to Rubicon Technologies, Inc., any security holder of Rubicon Technologies, 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 ranges set forth in footnote (1) to this Form 4.

Content

The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.2155 to $0.2203, inclusive. The reporting person undertakes to provide to Rubicon Technologies, Inc., any security holder of Rubicon Technologies, 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 ranges set forth in footnote (1) to this Form 4.