Stephen C. Smith - 22 Oct 2021 Form 4 Insider Report for Redbox Entertainment Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
26 Oct 2021, 19:24:32 UTC
Next SEC filing
27 Oct 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Stephen C. Smith

Key filing fact

Stephen C. Smith filed Form 4 for Redbox Entertainment Inc. on 26 Oct 2021.

Key facts

  • This page summarizes Stephen C. Smith's Form 4 filing for Redbox Entertainment Inc..
  • 6 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 26 Oct 2021, 19:24.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: +$7,718,960.

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.

RDBX transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares
+3,593,750
Change %
Price
Shares after
3,593,750
Date
22 Oct 2021
Ownership
See footnote
Footnotes
F1, F2
RDBX transaction

Class A Common Stock

Award

Transaction value
$5,300,000
Shares
+530,000
Change %
+664%
Price
$10.00
Shares after
609,834
Date
22 Oct 2021
Ownership
See footnote
Footnotes
F3
RDBX transaction

Class A Common Stock

Award

Transaction value
$806,323
Shares
+79,834
Change %
+15%
Price
$10.10
Shares after
609,834
Date
22 Oct 2021
Ownership
See footnote
Footnotes
F3
RDBX transaction

Class A Common Stock

Award

Transaction value
$616,039
Shares
+60,994
Change %
Price
$10.10
Shares after
60,994
Date
22 Oct 2021
Ownership
See footnote
Footnotes
F4
RDBX transaction

Class A Common Stock

Award

Transaction value
$996,597
Shares
+98,673
Change %
Price
$10.10
Shares after
98,673
Date
22 Oct 2021
Ownership
See footnote
Footnotes
F5
RDBX holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,314
Date
22 Oct 2021
Ownership
See footnote
Footnotes
F6

Reported derivative securities

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

RDBX transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-3,593,750
Change %
-100%
Price
$0.000000*
Shares after
0
Date
22 Oct 2021
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
3,593,750
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

On October 22, 2021, Seaport Global Acquisition Corp. ("SGAC") consummated its business combination with Redwood Intermediate, LLC (the "Business Combination"). As described in the registrant's registration statement on Form S-1 (File No. 333-249446) under the heading "Description of Securities-Founder Shares," Seaport Global SPAC, LLC's shares of Class B common stock were automatically convertible into shares of Class A common stock upon the closing of the Business Combination on a one-for-one basis.

Footnote F2

Seaport Global SPAC, LLC (the "Sponsor") is the record holder of the shares of Class B common stock reported herein. Seaport Global Asset Management, LLC ("SGAM") is the managing member of the Sponsor and has voting and investment discretion with respect to the common stock held of record by the Sponsor. Stephen C. Smith is the Chief Executive Officer of SGAM. SGAM is wholly-owned by Seaport Global Holdings ("SGH"), which is owned by Mr. Smith, Michael Meagher and Michael Meyer. Each of SGAM, SGH, and Messrs. Smith, Meagher and Meyer disclaim beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Footnote F3

Armory Fund LP ("Armory") is the record holder of the shares of Class A common stock reported herein. SGAM has voting and investment discretion with respect to the common stock held of record by Armory. Stephen C. Smith is the Chief Executive Officer of SGAM. SGAM is wholly-owned by SGH, which is owned by Mr. Smith, Michael Meagher and Michael Meyer. Each of SGAM, SGH, and Messrs. Smith, Meagher and Meyer disclaim beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Footnote F4

Seaport Global Asset Management V2 LLC ("SGAMV2") is the record holder of the shares of Class A common stock reported herein. SGAM has voting and investment discretion with respect to the common stock held of record by SGAMV2. Stephen C. Smith is the Chief Executive Officer of SGAM. SGAM is wholly-owned by SGH, which is owned by Mr. Smith, Michael Meagher and Michael Meyer. Each of SGAM, SGH, and Messrs. Smith, Meagher and Meyer disclaim beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Footnote F5

Seaport Global Asset Management V-Port LLC ("SGAM V-PORT") is the record holder of the shares of Class A common stock reported herein. SGAM has voting and investment discretion with respect to the common stock held of record by SGAM V-PORT. Stephen C. Smith is the Chief Executive Officer of SGAM. SGAM is wholly-owned by SGH, which is owned by Mr. Smith, Michael Meagher and Michael Meyer. Each of SGAM, SGH, and Messrs. Smith, Meagher and Meyer disclaim beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Footnote F6

AMFCO-4 LLC ("AMFCO-4") is the record holder of the shares of Class A common stock reported herein. SGAM has voting and investment discretion with respect to the common stock held of record by AMFCO-4. Stephen C. Smith is the Chief Executive Officer of SGAM. SGAM is wholly-owned by SGH, which is owned by Mr. Smith, Michael Meagher and Michael Meyer. Each of SGAM, SGH, and Messrs. Smith, Meagher and Meyer disclaim beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

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