Paw Andersen - 09 Feb 2021 Form 4/A - Amendment Insider Report for Metromile, Inc.

Reporting relationship: Chief Technology Officer
Issuer ticker: N/A
Reported as of: 09 Feb 2021
Net transaction value: $0
SEC form: 4/A - Amendment
Accepted by SEC: 10 Aug 2021, 19:34:02 UTC
Original report date: 11 Feb 2021
Next SEC filing: 11 Aug 2021
Source filing: View source filing
Reporting owner signature: /s/ Kris Tsao Kachia, Attorney-in-Fact

Key filing fact

Paw Andersen filed Form 4/A - Amendment for Metromile, Inc. on 10 Aug 2021.

Key facts

This page summarizes Paw Andersen's Form 4/A - Amendment filing for Metromile, Inc..
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 10 Aug 2021, 19:34.

Change

No earlier filing in this sequence is available for direct comparison.
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/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MILE transaction

Common Stock

Award

Transaction value: $0
Shares: +143,328
Change %
Price: $0.000000
Shares after: 143,328
Date: 09 Feb 2021
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

MILE transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +192,518
Change %
Price: $0.000000
Shares after: 192,518
Date: 09 Feb 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 192,518
Exercise price: $2.96
Footnotes: F1, F3

MILE transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +133,280
Change %
Price: $0.000000
Shares after: 133,280
Date: 09 Feb 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 133,280
Exercise price: $3.02
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of November 24, 2020, as amended January 12, 2021 and further amended February 8, 2021, by and among INSU Acquisition Corp. II (n/k/a Metromile, Inc.) (the "Issuer"), INSU II Merger Sub Corp. and MetroMile, Inc. (n/k/a Metromile Operating Company) ("Legacy Metromile") (the "Merger Agreement") pursuant to which, through a series of mergers Legacy Metromile became a direct, wholly-owned subsidiary of the Issuer. Pursuant to the Merger Agreement former securityholders of Legacy Metromile will receive additional shares of the Issuer's common stock (the "Additional Shares") if the closing sale price of the Issuer's common stock exceeds $15.00 per share for 20 out of any 30 consecutive trading days during the first two years following the closing of the merger.

Footnote F2

Includes 128,076 shares subject to restricted stock units ("RSU") and 15,252 shares to be received as Additional Shares. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Footnote F3

1/4 of share shares subject to the option vested on March 13, 2020, and 1/48 of the shares vest monthly thereafter.

Footnote F4

1/48 of the shares subject to the option vested on on August 15, 2020, and 1/48 of the shares vest monthly thereafter.

SEC remarks

This amendment is being filed to correct the share amounts received in the Business Combination resulting from a post-closing correction to the final exchange ratio.