Ryan M. Gilbert - 25 Jun 2021 Form 4 Insider Report for FTAC Olympus Acquisition Corp.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
29 Jun 2021, 19:53:45 UTC
Next SEC filing
18 Nov 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Amanda Abrams, as attorney-in-fact

Key filing fact

Ryan M. Gilbert filed Form 4 for FTAC Olympus Acquisition Corp. on 29 Jun 2021.

Key facts

  • This page summarizes Ryan M. Gilbert's Form 4 filing for FTAC Olympus Acquisition Corp..
  • 13 reported transactions and 9 derivative rows are listed below.
  • Accepted by SEC: 29 Jun 2021, 19:53.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$8,318,330.

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.

FTOC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+7,454,365
Change %
+344%
Price
Shares after
9,624,365
Date
25 Jun 2021
Ownership
By FTAC Olympus Sponsor, LLC
Footnotes
F1, F2, F3
FTOC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+10,015,620
Change %
Price
Shares after
10,015,620
Date
25 Jun 2021
Ownership
By FTAC Olympus Advisors, LLC
Footnotes
F1, F2, F3
FTOC transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares
-9,624,365
Change %
-100%
Price
Shares after
0
Date
25 Jun 2021
Ownership
By FTAC Olympus Sponsor, LLC
Footnotes
F2, F3, F4
FTOC transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares
-10,015,620
Change %
-100%
Price
Shares after
0
Date
25 Jun 2021
Ownership
By FTAC Olympus Advisors, LLC
Footnotes
F2, F3, F5

Reported derivative securities

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

FTOC transaction Derivative

Warrants

Disposed to Issuer

Transaction value
$8,318,330
Shares
-723,333
Change %
-100%
Price
$11.50
Shares after
0
Date
25 Jun 2021
Ownership
By FTAC Olympus Sponsor, LLC
Underlying class
Class A Common Stock
Underlying amount
723,333
Exercise price
Footnotes
F2, F6, F7, F8
FTOC transaction Derivative

Class B Common Stock

Disposed to Issuer

Transaction value
Shares
-868,000
Change %
-10%
Price
Shares after
7,812,000
Date
25 Jun 2021
Ownership
By FTAC Olympus Sponsor, LLC
Underlying class
Class A Common Stock
Underlying amount
868,000
Exercise price
Footnotes
F2, F6, F9
FTOC transaction Derivative

Class B Common Stock

Disposed to Issuer

Transaction value
Shares
-1,073,110
Change %
-10%
Price
Shares after
9,657,984
Date
25 Jun 2021
Ownership
By FTAC Olympus Advisors, LLC
Underlying class
Class A Common Stock
Underlying amount
1,073,110
Exercise price
Footnotes
F2, F6, F9
FTOC transaction Derivative

Class B Common Stock

Other

Transaction value
Shares
-525,526
Change %
-6.7%
Price
Shares after
7,286,474
Date
25 Jun 2021
Ownership
By FTAC Olympus Sponsor, LLC
Underlying class
Class A Common Stock
Underlying amount
525,526
Exercise price
Footnotes
F2, F9, F10
FTOC transaction Derivative

Class B Common Stock

Other

Transaction value
Shares
-669,483
Change %
-6.9%
Price
Shares after
8,988,501
Date
25 Jun 2021
Ownership
By FTAC Olympus Advisors, LLC
Underlying class
Class A Common Stock
Underlying amount
669,483
Exercise price
Footnotes
F2, F9, F10
FTOC transaction Derivative

Class B Common Stock

Other

Transaction value
Shares
+167,891
Change %
+2.3%
Price
Shares after
7,454,365
Date
25 Jun 2021
Ownership
By FTAC Olympus Sponsor, LLC
Underlying class
Class A Common Stock
Underlying amount
167,891
Exercise price
Footnotes
F2, F9, F10
FTOC transaction Derivative

Class B Common Stock

Other

Transaction value
Shares
+1,027,119
Change %
+11%
Price
Shares after
10,015,620
Date
25 Jun 2021
Ownership
By FTAC Olympus Advisors, LLC
Underlying class
Class A Common Stock
Underlying amount
1,027,119
Exercise price
Footnotes
F2, F9, F10
FTOC transaction Derivative

Class B Common Stock

Options Exercise

Transaction value
Shares
-7,454,365
Change %
-100%
Price
Shares after
0
Date
25 Jun 2021
Ownership
FTAC Olympus Sponsor, LLC
Underlying class
Class A Common Stock
Underlying amount
7,454,365
Exercise price
Footnotes
F1, F2, F9
FTOC transaction Derivative

Class B Common Stock

Options Exercise

Transaction value
Shares
-10,015,620
Change %
-100%
Price
Shares after
0
Date
25 Jun 2021
Ownership
FTAC Olympus Advisors, LLC
Underlying class
Class A Common Stock
Underlying amount
10,015,620
Exercise price
Footnotes
F1, F2, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Ryan M. Gilbert is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 10 footnotes

Footnote F1

On June 25, 2021 (the "Closing Date"), FTAC Olympus Acquisition Corp. (the "Issuer") completed its reorganization (the "Reorganization") contemplated by that certain Agreement and Plan of Reorganization, dated as of February 3, 2021, as amended on February 16, 2021 and on May 10, 2021 (as it may be further amended or modified, the "Reorganization Agreement"), by and among the Issuer, New Starship Parent Inc. ("New Payoneer"), Starship Merger Sub I Inc., a Delaware corporation and wholly owned subsidiary of New Payoneer, Starship Merger Sub II Inc., a Delaware corporation and wholly owned subsidiary of New Payoneer, and Payoneer Inc., a Delaware corporation (the "Reorganization Agreement"), the parties effected a business combination, concurrent with the consummation of the Reorganization, the shares of Class B Common Stock were converted into Class A Common Stock of the Issuer.

Footnote F2

The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.

Footnote F3

These shares are held directly by the Issuer's sponsors, FTAC Olympus Sponsor, LLC ("Olympus Sponsor") and FTAC Olympus Advisors, LLC ("Olympus Advisors"), as indicated, which are co-managed by the reporting person.

Footnote F4

Disposed of pursuant to the Reorganization Agreement in exchange for 9,624,365 shares of New Payoneer common stock on the Closing Date of the Reorganization.

Footnote F5

Disposed of pursuant to Reorganization Agreement in exchange for 10,015,620 shares of New Payoneer common stock on the Closing Date of the Reorganization.

Footnote F6

These securities were forfeited in connection with the Sponsor Share Surrender and Share Restriction Agreement entered into on February 3, 2021 between New Payoneer, Payoneer Inc., the Issuer, Olympus Sponsor and Olympus Advisors in connection with the Reorganization.

Footnote F7

In the absence of the forfeiture, the warrants would become exercisable at the later of 30 days after the consummation of the Issuer's Reorganization or 12 months from the completion of the Issuer's initial public offering.

Footnote F8

The warrants would have expired five years after the consummation of the Issuer's Reorganization or earlier upon redemption of all of the Issuer's outstanding Class A ordinary shares or the Issuer's liquidation.

Footnote F9

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents and have no expiration date.

Footnote F10

Represents shares transferred to other members of Olympus Sponsor and Olympus Advisors pursuant to certain side letters by and among certain members of Olympus Sponsor and Olympus Advisors.

SEC remarks

On June 24, 2021, FTAC Olympus Acquisition Corp., a Delaware corporation, became the successor of FTAC Olympus Acquisition Corp., a Cayman Island exempted company, pursuant to a redomestication. The merger had the effect of changing of FTAC Olympus Acquisition Corp.'s domicile, but did not alter the proportionate interests of security holders.

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