Key facts
- This page summarizes PLATINUM EQUITY, LLC's Form 4 filing for VERRA MOBILITY Corp (VRRM).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 10 Dec 2021, 15:50.
PLATINUM EQUITY, LLC - 10 Dec 2021 Form 4 Insider Report for VERRA MOBILITY Corp (VRRM)
- Reporting relationship
- Director
- Issuer ticker
- VRRM
- Reported as of
- 10 Dec 2021
- Net transaction value
- -$121,065,360
- SEC form
- 4
- Accepted by SEC
- 10 Dec 2021, 15:50:00 UTC
- Prior SEC filing
- 27 Aug 2021
- Next SEC filing
- 17 May 2022
- Source filing
- View source filing
- Reporting owner signature
- See Exhibit 99.1 - Signatures
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
PLATINUM EQUITY, LLC filed Form 4 for VERRA MOBILITY Corp (VRRM) on 10 Dec 2021.
Change
- Previous filing in this sequence was filed on 27 Aug 2021.
- Current net transaction value: -$121,065,360.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VRRM
transaction
Class A common stock, par value $0.0001 per share
Sale
- Transaction value
- $121,065,360
- Shares
- -8,207,821
- Change %
- -100%
- Price
- $14.75
- Shares after
- 0
- Date
- 10 Dec 2021
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3
VRRM
holding
Class A common stock, par value $0.0001 per share
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 3,540,344
- Date
- 10 Dec 2021
- Ownership
- Direct
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Shares held directly by PE Greenlight Holdings, LLC ("PE Greenlight"). Platinum Equity Capital Partners IV, L.P. ("PECP IV") holds a majority membership interest in PE Greenlight and may be deemed to beneficially own the Issuer securities beneficially owned by PE Greenlight. Platinum Equity Partners IV, L.P. ("PEP IV LP") is the general partner of PECP IV and may be deemed to beneficially own the Issuer securities beneficially owned by PECP IV. Platinum Equity Partners IV, LLC ("PEP IV LLC") is the general partner of PEP IV LP and may be deemed to beneficially own the Issuer securities beneficially owned by PEP IV LP. Platinum Equity Investment Holdings IV, LLC ("PEIH IV") is the sole member of PEP IV LLC and may be deemed to beneficially own the Issuer securities beneficially owned by PEP IV LLC.
Footnote F2
(Continued from Footnote 1) Platinum Equity Investment Holdings IV Manager, LLC ("PEIH IV Manager") is the sole manager of PEIH IV and may be deemed to beneficially own the Issuer securities beneficially owned by PEIH IV. Platinum Equity InvestCo, L.P. ("PEI LP") owns all of the economic interests in PEIH IV and may be deemed to beneficially own the Issuer securities beneficially owned by PEIH IV. Platinum Equity Investment Holdings IC (Cayman), LLC ("PEIH IC LLC") is the general partner of PEI LP and may be deemed to beneficially own the Issuer securities beneficially owned by PEI LP. Platinum Equity Investment Holdings, LLC ("PEIH LLC") is the sole member of PEIH IC LLC and may be deemed to beneficially own the Issuer securities beneficially owned by PEIH IC LLC. Platinum InvestCo (Cayman), LLC ("PI LLC") holds a controlling interest in PEI LP and may be deemed to beneficially own the Issuer securities beneficially owned by PEI LP.
Footnote F3
(Continued from Footnote 2) Platinum Equity, LLC ("Platinum Equity") is the sole member of PEIH IV Manager and PEIH LLC and may be deemed to beneficially own the Issuer securities beneficially owned by each of PEIH IV Manager and PEIH LLC. Platinum Equity and Tom Gores, together, hold a controlling interest in PI LLC and may be deemed to beneficially own the Issuer securities beneficially owned by PI LLC. Tom Gores is the Chairman and Chief Executive Officer of Platinum Equity and may be deemed to beneficially own the Issuer securities beneficially owned by Platinum Equity. Mr. Gores disclaims beneficial ownership of all Issuer securities beneficially owned by each of the foregoing entities except to the extent of any pecuniary interest therein.
Footnote F4
Tom Gores is the Chairman and Chief Executive Officer of Platinum Equity and may be deemed to beneficially own the Issuer securities beneficially owned by Platinum Equity. Mr. Gores disclaims beneficial ownership of all Issuer securities beneficially owned by Platinum Equity except to the extent of any pecuniary interest therein.
SEC remarks
PE Greenlight, which is indirectly controlled by Tom Gores as described in footnote 1, is party to an Investor Rights Agreement with the Issuer which gives PE Greenlight the right to nominate up to three directors to the Issuer's board of directors, subject to certain ownership thresholds. Jacob Kotzubei serves on the Issuer's board of directors pursuant to this right. As a rsult of the disposition reported herein, PE Greenlight currently does not have the right to nominate any future directors. 1. Exhibit 99.1 - Signatures Form 2 of 2.