Key facts
- This page summarizes COWEN INC.'s Form 4 filing for Progress Acquisition Corp..
- 11 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 15 May 2023, 17:49.
COWEN INC. - 03 Nov 2022 Form 4 Insider Report for Progress Acquisition Corp.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 03 Nov 2022
- Net transaction value
- -$1,182,107
- SEC form
- 4
- Accepted by SEC
- 15 May 2023, 17:49:29 UTC
- Prior SEC filing
- 15 May 2023
- Next SEC filing
- 25 Apr 2023
- Source filing
- View source filing
- Reporting owner signature
- Cowen Inc., By: /s/ Stephen A. Lasota, Chief Financial Officer
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
COWEN INC. filed Form 4 for Progress Acquisition Corp. on 15 May 2023.
Change
- Previous filing in this sequence was filed on 15 May 2023.
- Current net transaction value: -$1,182,107.
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.
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $120,056
- Shares
- -11,885
- Change %
- -10%
- Price
- $10.10
- Shares after
- 103,299
- Date
- 03 Nov 2022
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3, F4
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $33,232
- Shares
- -3,299
- Change %
- -3.2%
- Price
- $10.07
- Shares after
- 100,000
- Date
- 04 Nov 2022
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3, F5
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $778
- Shares
- -75
- Change %
- -0.08%
- Price
- $10.37
- Shares after
- 99,925
- Date
- 06 Feb 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $1,037
- Shares
- -100
- Change %
- -0.1%
- Price
- $10.37
- Shares after
- 99,825
- Date
- 08 Feb 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $4,140
- Shares
- -400
- Change %
- -0.4%
- Price
- $10.35
- Shares after
- 99,425
- Date
- 09 Feb 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $1,035
- Shares
- -100
- Change %
- -0.1%
- Price
- $10.35
- Shares after
- 99,325
- Date
- 13 Feb 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $1,033
- Shares
- -100
- Change %
- -0.1%
- Price
- $10.33
- Shares after
- 99,225
- Date
- 22 Feb 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $1,035
- Shares
- -100
- Change %
- -0.1%
- Price
- $10.35
- Shares after
- 99,125
- Date
- 24 Feb 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3
PGRW
transaction
Class A Common Stock
Sale
- Transaction value
- $779
- Shares
- -75
- Change %
- -0.08%
- Price
- $10.39
- Shares after
- 99,050
- Date
- 03 Mar 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3
PGRW
transaction
Class A Common Stock
Purchase
- Transaction value
- $10,019
- Shares
- +950
- Change %
- +0.96%
- Price
- $10.55
- Shares after
- 100,000
- Date
- 24 Mar 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3, F6
PGRW
transaction
Class A Common Stock
Other
- Transaction value
- $1,029,000
- Shares
- -100,000
- Change %
- -100%
- Price
- $10.29
- Shares after
- 0
- Date
- 09 May 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
COWEN INC. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 7 footnotes
Footnote F1
This Form 4 is filed jointly by Cowen Inc., Cowen and Company, LLC ("Cowen and Company"), Cowen Holdings, Inc. ("Cowen Holdings") and RCG LV Pearl LLC ("RCG", and collectively, the "Reporting Persons").
Footnote F2
Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934, as amended, or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Footnote F3
Represents securities owned directly by Cowen and Company. Cowen Holdings is the sole member of Cowen and Company. RCG is the sole owner of Cowen Holdings. Cowen Inc. is the sole member of RCG. In such capacities, each of Cowen Holdings, RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by Cowen and Company, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Footnote F4
The transaction was executed in multiple trades in prices ranging from $10.10 to $10.12, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Footnote F5
The transaction was executed in multiple trades in prices ranging from $10.07 to $10.08, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Footnote F6
The transaction was executed in multiple trades in prices ranging from $10.54 to $10.55, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
Footnote F7
In connection with the dissolution and liquidation of the Issuer and in accordance with its Amended and Restated Certificate of Incorporation, as amended, the Issuer will be redeeming all of the outstanding shares of its Class A Common Stock that were included in the units issued in its initial public offering, including the 100,000 shares held by Cowen and Company. The redemption price is currently being calculated, which the Issuer has estimated to be approximately $10.29 per share. The Reporting Persons will file an amendment to this Form 4 after the final liquidation date to disclose the final redemption price if it is materially different from the estimated redemption price reported herein.