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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4/A - Amendment
Accepted by SEC
10 Aug 2021, 19:35:20 UTC
Original report date
11 Feb 2021
Next SEC filing
10 Aug 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kris Tsao Cachia, Attorney-in-Fact

Key filing fact

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

Key facts

  • This page summarizes Mark Gundacker'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, 19:35.

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
+27,291
Change %
Price
$0.000000
Shares after
27,291
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
+66,640
Change %
Price
$0.000000
Shares after
66,640
Date
09 Feb 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
66,640
Exercise price
$3.02
Footnotes
F1, F3
MILE transaction Derivative

Stock Option (right to buy)

Award

Transaction value
$0
Shares
+76,160
Change %
Price
$0.000000
Shares after
76,160
Date
09 Feb 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
76,160
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 24,387 shares subject to restricted stock units ("RSU") and 2,904 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

6/48 of share shares subject to the option vested on January 15, 2021, and 1/48 of the shares vest monthly thereafter.

Footnote F4

1/4 of the shares subject to the option vested on January 6, 2021, 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.

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