Patrick Francis Orlando - 08 Sep 2021 Form 4 Insider Report for Digital World Acquisition Corp. (DJT)

Reporting relationship: President and CEO, 10%+ Owner
Issuer ticker: DJT
Reported as of: 08 Sep 2021
Net transaction value: +$11,329,890
SEC form: 4
Accepted by SEC: 10 Sep 2021, 17:58:07 UTC
Prior SEC filing: 10 Sep 2021
Next SEC filing: 13 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Patrick Orlando, as Managing Member of ARC Global Investments II LLC

Key filing fact

Patrick Francis Orlando filed Form 4 for Digital World Acquisition Corp. (DJT) on 10 Sep 2021.

Key facts

This page summarizes Patrick Francis Orlando's Form 4 filing for Digital World Acquisition Corp. (DJT).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 10 Sep 2021, 17:58.

Change

Previous filing in this sequence was filed on 10 Sep 2021.
Current net transaction value: +$11,329,890.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DWAC transaction

Class A Common Stock

Purchase

Transaction value: $11,334,840
Shares: +1,133,484
Change %
Price: $10.00
Shares after: 1,133,484
Date: 08 Sep 2021
Ownership: See footnote
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DWAC transaction Derivative

Class B Common Stock

Sale

Transaction value: $4,950
Shares: -1,650,000
Change %: -23%
Price: $0.003000^*
Shares after: 5,490,000
Date: 08 Sep 2021
Ownership: See footnote
Underlying class: Class A Ordinary Shares
Underlying amount: 1,650,000
Exercise price
Footnotes: F1, F2, F3, 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

These shares are underlying units (each unit consisting of one share of Class A common stock and one half of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by ARC Global Investments II LLC (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer. The reporting person is the managing member of the Sponsor, and may be deemed to have beneficial ownership of the founder shares held by the Sponsor. The reporting person disclaims beneficial ownership over any securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Footnote F2

As described in the issuer's registration statement on Form S-1 (File No. 333-256472) under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically be converted into shares of Class A common stock, par value $0.0001 per share, at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.

Footnote F3

These shares represent Class B common stock held by the Sponsor acquired pursuant to a subscription agreement by and between the Sponsor and the issuer.

Footnote F4

In connection with the closing of the issuer's initial public offering, the Sponsor transferred these shares to anchor investors pursuant to investment agreements by and among the issuer, the Sponsor and each anchor investor as described in the Registration Statement under the heading "Summary - The Offering - Expressions of Interest."