Paul Luc Robert Heyvaert - 21 Mar 2022 Form 4 Insider Report for Forge Global Holdings, Inc. (FRGE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
23 Mar 2022, 19:18:39 UTC
Prior SEC filing
06 Dec 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kristy Trieste, as attorney in fact for Paul Luc Robert Heyvaert

Key filing fact

Paul Luc Robert Heyvaert filed Form 4 for Forge Global Holdings, Inc. (FRGE) on 23 Mar 2022.

Key facts

  • This page summarizes Paul Luc Robert Heyvaert's Form 4 filing for Forge Global Holdings, Inc. (FRGE).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 23 Mar 2022, 19:18.

Change

  • Previous filing in this sequence was filed on 06 Dec 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.

FRGE transaction

Common Stock

Options Exercise

Transaction value
Shares
+10,230,000
Change %
Price
Shares after
10,230,000
Date
21 Mar 2022
Ownership
See footnotes
Footnotes
F1, F2, F3, F4
FRGE transaction

Common Stock

Purchase

Transaction value
Shares
+14,000,000
Change %
+137%
Price
Shares after
24,230,000
Date
21 Mar 2022
Ownership
See footnotes
Footnotes
F3, F4, F5, F6

Reported derivative securities

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

FRGE transaction Derivative

Class B Ordinary Shares

Options Exercise

Transaction value
Shares
-10,230,000
Change %
-100%
Price
Shares after
0
Date
21 Mar 2022
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
Exercise price
Footnotes
F1, F2, F3, F4
FRGE transaction Derivative

Warrants (right to buy)

Purchase

Transaction value
Shares
+4,666,664
Change %
+63%
Price
Shares after
12,053,331
Date
21 Mar 2022
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
4,666,664
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

As described in Motive Capital Corp's ("Motive" and the former name of the Issuer) registration statement on Form S-1 (File No. 333-250947) under the heading "Description of Securities-Founder Shares," the Class B ordinary shares, par value $0.0001 per share, were automatically convertible into Class A ordinary shares of the Issuer concurrently with or immediately following the consummation of its initial business combination (the "Business Combination") on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights.

Footnote F2

On March 21, 2022, Motive consummated the Business Combination with Forge Global, Inc. In connection with the Business Combination and the transactions contemplated thereby (including the domestication of Motive from the Cayman Islands into Delware), each Class B ordinary share converted into one share of Common Stock of the Issuer. Upon consummation of the Business Combination, the Class A ordinary shares were redesignated as common stock (without class designation).

Footnote F3

The 10,230,000 shares reported herein are held directly by Motive Capital Funds Sponsor, LLC (the "Sponsor"). The Sponsor also owns warrants to purchase 7,386,667 shares of Common Stock at an exercise price of $11.50. The manager of the Sponsor is Motive Partners GP, LLC (the "Manager"). The sole member of Motive Partners GP, LLC is Rob Exploration LLC ("Exploration") where the reporting person is the sole member. Each of Motive Partners GP, LLC, Rob Exploration LLC and the reporting person may be deemed to have beneficial ownership of the shares and warrants.

Footnote F4

As such, Manager, Exploration and the reporting person may be deemed to have voting and investment discretion with respect to the securities held by the Sponsor and each disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by Manager, Exploration, or the reporting person of all of the reported securities for purposes of Section 16 or for any other purpose.

Footnote F5

On March 21, 2022, in connection with the Business Combination, certain fund vehicles indirectly managed by the Manager (the "A&R FPA Investors") purchased a total of 14,000,000 Forward Purchase Units pursuant to an Amended & Restated Forward Purchase Agreement at a price of $10 per unit (with such units separating into 14,000,000 shares of Common Stock and warrants to purchase 4,666,664 shares of Common Stock at an exercise price of $11.50). Each of Manager, Exploration and the reporting person may be deemed to have beneficial ownership of the shares and the warrants (the "Securities").

Footnote F6

As such, Manager, Exploration and the reporting person may be deemed to have voting and investment discretion with respect to the Securities held by the A&R FPA Investors and each disclaims beneficial ownership of these Securities except to the extent of their pecuniary interest therein, and the inclusion of the Securities in this report shall not be deemed an admission of beneficial ownership by Manager, Exploration or the reporting person of all of the reported Securities for purposes of Section 16 or for any other purpose.

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