George A. Barrios - 06 May 2022 Form 4 Insider Report for Bowlero Corp. (LUCK)

Reporting relationship: Director
Issuer ticker: LUCK
Reported as of: 06 May 2022
Net transaction value: +$3,963,463
SEC form: 4
Accepted by SEC: 28 Oct 2022, 16:31:11 UTC
Prior SEC filing: 03 Mar 2022
Next SEC filing: 10 Aug 2022
Source filing: View source filing
Reporting owner signature: /s/ Jason Cohen, Attorney-in-Fact

Key filing fact

George A. Barrios filed Form 4 for Bowlero Corp. (LUCK) on 28 Oct 2022.

Key facts

This page summarizes George A. Barrios's Form 4 filing for Bowlero Corp. (LUCK).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 Oct 2022, 16:31.

Change

Previous filing in this sequence was filed on 03 Mar 2022.
Current net transaction value: +$3,963,463.

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.

BOWL transaction

Class A Common Stock

Options Exercise

Transaction value: $3,963,463
Shares: +1,163,671
Change %: +40%
Price: $3.41
Shares after: 4,061,419
Date: 06 May 2022
Ownership: See footnote
Footnotes: F1, F2

BOWL holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 71,000
Date: 06 May 2022
Ownership: Direct
Footnotes: F3

Reported derivative securities

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

BOWL transaction Derivative

Warrant (right to buy)

Options Exercise

Transaction value: $0
Shares: -3,963,460
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 May 2022
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 1,163,671
Exercise price: $3.41
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 3 footnotes

Footnote F1

Bowlero Corp. (the "Issuer") mandatorily redeemed all of its unexercised warrants to purchase shares of the Issuer's Class A common stock (the "common stock") on May 16, 2022. Each whole warrant entitled the holder thereof to purchase one share of common stock as a price of $11.5 per share (subject to adjustment). Pursuant to the terms of the redemption, each holder of warrants could exercise its warrants for cash at $11.5 per share or could exercise the warrants on a cashless basis and receive 0.2936 shares of common stock per warrant exercised. In connection with the redemption Isos Acquisition Sponsor LLC (the "Sponsor") exercised all of its warrants on a cashless basis to purchase 1,163,671 shares of common stock for $3.406 a share (at the rate of 0.2936 shares per warrant exercised).

Footnote F2

George Barrios is a managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Mr. Barrios may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Mr. Barrios disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Footnote F3

Pursuant to that certain Subscription Agreement dated July 1, 2021, by and between the Issuer and the Reporting Person, the Reporting Person purchased an aggregate of 50,000 shares of Class A common stock of the Issuer on December 15, 2021, in a private placement that was consummated in connection with the Issuer's initial business combination. Also includes 21,000 restricted stock units representing a contingent right to receive one share of common stock, which will vest on the date of the Issuer's next regular annual meeting, which will be on December 14, 2022.