Jennifer N. Pritzker - 20 Sep 2022 Form 4 Insider Report for ORTHOPEDIATRICS CORP (KIDS)

Reporting relationship: 10%+ Owner
Issuer ticker: KIDS
Reported as of: 20 Sep 2022
Net transaction value: +$458
SEC form: 4
Accepted by SEC: 22 Sep 2022, 07:29:32 UTC
Prior SEC filing: 15 Aug 2022
Next SEC filing: 08 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Jennifer N. Pritzker

Key filing fact

Jennifer N. Pritzker filed Form 4 for ORTHOPEDIATRICS CORP (KIDS) on 22 Sep 2022.

Key facts

This page summarizes Jennifer N. Pritzker's Form 4 filing for ORTHOPEDIATRICS CORP (KIDS).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 22 Sep 2022, 07:29.

Change

Previous filing in this sequence was filed on 15 Aug 2022.
Current net transaction value: +$458.

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.

KIDS transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $458
Shares: +1,525,000
Change %: +28%
Price: $0.000300^*
Shares after: 6,901,764
Date: 20 Sep 2022
Ownership: See footnote
Footnotes: F1

KIDS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,900
Date: 20 Sep 2022
Ownership: Direct

KIDS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,300
Date: 20 Sep 2022
Ownership: See footnote
Footnotes: F2

KIDS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,300
Date: 20 Sep 2022
Ownership: See footnote
Footnotes: F3

KIDS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 707
Date: 20 Sep 2022
Ownership: See footnote
Footnotes: F4

KIDS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 500
Date: 20 Sep 2022
Ownership: See footnote
Footnotes: F5

Reported derivative securities

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

KIDS transaction Derivative

Warrants (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: +1,525,000
Change %
Price: $0.000000^*
Shares after: 0
Date: 20 Sep 2022
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 1,525,000
Exercise price: $0.000300
Footnotes: F1, F6

^* 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

These securities are held directly by Squadron Capital LLC ("Squadron"), a manager-managed limited liability company. As one of two members of the Managing Committee of Squadron, the reporting person may be deemed to be the beneficial owner of these securities. The reporting person expressly disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein.

Footnote F2

These shares are held by the Tawani Foundation. As the sole member of the Tawani Foundation, the reporting person may be deemed to be the beneficial owner of these shares. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of her pecuniary interest therein.

Footnote F3

These shares are held by the Pritzker Military Foundation. As the sole member of the Pritzker Military Foundation, the reporting person may be deemed to be the beneficial owner of these shares. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of her pecuniary interest therein.

Footnote F4

These shares are held by the reporting person's spouse, and the reporting person may be deemed to be the beneficial owner of these shares. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of her pecuniary interest therein.

Footnote F5

These shares are held by the Pritzker Military Museum and Library ("PMML"). As the sole member of PMML, the reporting person may be deemed to be the beneficial owner of these shares. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of her pecuniary interest therein.

Footnote F6

Squadron beneficially owns shares of the Issuer's common stock with a market value in excess of the notification threshold of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"). The warrants could not be exercised until the expiration of all applicable HSR Act waiting periods or the exercise otherwise becomes exempt from the notification requirements thereunder. On September 19, 2022, the waiting period under the HSR Act expired. Once the warrants became exercisable, Squadron Capital LLC was obligated to exercise them within five (5) business days.

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