Peter A. Feld - 25 May 2023 Form 4 Insider Report for GREEN DOT CORP (GDOT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
30 May 2023, 21:19:21 UTC
Prior SEC filing
16 Dec 2022
Next SEC filing
06 Sep 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Peter A. Feld

Key filing fact

Peter A. Feld filed Form 4 for GREEN DOT CORP (GDOT) on 30 May 2023.

Key facts

  • This page summarizes Peter A. Feld's Form 4 filing for GREEN DOT CORP (GDOT).
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 30 May 2023, 21:19.

Change

  • Previous filing in this sequence was filed on 16 Dec 2022.
  • Current net transaction value: $0.

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.

GDOT transaction

Class A Common Stock, $0.001 par value

Award

Transaction value
$0
Shares
+7,126
Change %
+169%
Price
$0.000000
Shares after
11,346
Date
25 May 2023
Ownership
Direct
Footnotes
F1
GDOT holding

Class A Common Stock, $0.001 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,294,110
Date
25 May 2023
Ownership
By Starboard Value LP
Footnotes
F2

Reported derivative securities

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

GDOT holding Derivative

Cash-Settled Total Return Swap

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,825,619
Date
25 May 2023
Ownership
By Starboard Value LP
Underlying class
Class A Common Stock, $0.001 par value
Underlying amount
1,825,619
Exercise price
Footnotes
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

Represents shares of Class A Common Stock underlying a restricted stock unit award that will vest as to all underlying shares on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the 2024 annual stockholders meeting.

Footnote F2

Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Footnote F3

The Starboard Accounts have entered into cash-settled total return swap agreements (the "Swaps") with an unaffiliated third party financial institution, which provide the Starboard Accounts with economic exposure to an aggregate of 1,825,619 notional shares. The Swaps provide the Starboard Accounts with economic results that are comparable to the economic results of ownership but do not provide the Starboard Accounts with the power to vote or direct the voting or dispose of or direct the disposition of the shares of Class A Common Stock that are the subject of the Swaps (the "Subject Shares"). The Starboard Accounts do not have the right to convert the Swaps into shares of Class A Common Stock at any time. The Reporting Person expressly disclaims beneficial ownership of the Subject Shares except to the extent of his pecuniary interest therein.

Footnote F4

The Swaps referenced herein provide for various execution prices ranging from $33.9596 to $48.3933. The Reporting Person undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the execution prices of the Swaps at each separate price within the range.

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