Experience Sponsor LLC - 20 Jan 2022 Form 4 Insider Report for Blade Air Mobility, Inc. (BLDE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
24 Jan 2022, 05:01:37 UTC
Prior SEC filing
11 May 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Eric C. Resnick, as managing member of KSL Capital Partners V GP, LLC, the managing member of Steele ExpCo Holdings, LLC, the managing member of Experience Sponsor LLC

Key filing fact

Experience Sponsor LLC filed Form 4 for Blade Air Mobility, Inc. (BLDE) on 24 Jan 2022.

Key facts

  • This page summarizes Experience Sponsor LLC's Form 4 filing for Blade Air Mobility, Inc. (BLDE).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 24 Jan 2022, 05:01.

Change

  • Previous filing in this sequence was filed on 11 May 2021.
  • 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.

BLDE transaction

Class A Common Stock

Other

Transaction value
Shares
-6,875,000
Change %
-100%
Price
Shares after
0
Date
20 Jan 2022
Ownership
Direct
Footnotes
F1, F2, F4
BLDE holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
7,923,000
Date
20 Jan 2022
Ownership
Direct
Footnotes
F3, F4, F5

Reported derivative securities

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

BLDE transaction Derivative

Private Placement Warrants

Other

Transaction value
Shares
-5,000,000
Change %
-100%
Price
Shares after
0
Date
20 Jan 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
5,000,000
Exercise price
$11.50
Footnotes
F1, F2, F4, F6
BLDE holding Derivative

Private Placement Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,500,000
Date
20 Jan 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
4,500,000
Exercise price
$11.50
Footnotes
F3, F4, F5, 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

On January 20, 2022, Experience Sponsor LLC made an in-kind distribution of shares of Class A common stock and Private Placement Warrants to certain persons, and following such distribution, Experience Sponsor LLC no longer holds any securities of the Issuer.

Footnote F2

Reflects securities held directly by Experience Sponsor LLC.

Footnote F3

Reflects securities held directly by Steele ExpCo Holdings, LLC.

Footnote F4

Steele ExpCo Holdings, LLC is the managing member of Experience Sponsor LLC and has voting and investment discretion with respect to the common stock held of record by Experience Sponsor LLC. KSL Capital Partners V GP, LLC is the managing member of Steele ExpCo Holdings, LLC and has voting and investment discretion with respect to securities held by Experience Sponsor LLC and Steele ExpCo Holdings, LLC. Mr. Resnick is the managing member of KSL Capital Partners V GP, LLC. and has the voting and dispositive power of the securities held by Experience Sponsor LLC and Steele ExpCo Holdings, LLC. Accordingly, Mr. Resnick may be deemed to have or share beneficial ownership of such shares. Each such person or entity disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Footnote F5

Includes 5,918,000 shares of Class A common stock and 4,500,000 Private Placement Warrants received by Steele ExpCo Holdings, LLC in the distribution described in footnote (1) above.

Footnote F6

Each warrant is exercisable for one share of Class A common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants are currently exercisable.

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