Michael N. Thompson Jr. - 03 Nov 2021 Form 4 Insider Report for Aurora Innovation, Inc. (AUR)

Reporting relationship: FORMER OFFICER AND DIRECTOR
Issuer ticker: AUR
Reported as of: 03 Nov 2021
Net transaction value: +$4,300,000
SEC form: 4
Accepted by SEC: 05 Nov 2021, 19:53:27 UTC
Prior SEC filing: 12 Aug 2021
Next SEC filing: 18 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ David Cohen as attorney-in-fact for Michael Thompson

Filing notes and source

Key filing fact

Michael N. Thompson Jr. filed Form 4 for Aurora Innovation, Inc. (AUR) on 05 Nov 2021.

Key facts

This page summarizes Michael N. Thompson Jr.'s Form 4 filing for Aurora Innovation, Inc. (AUR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Nov 2021, 19:53.

Change

Previous filing in this sequence was filed on 12 Aug 2021.
Current net transaction value: +$4,300,000.

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.

AUR transaction

Class A Common Stock

Award

Transaction value: $4,300,000
Shares: +430,000
Change %
Price: $10.00
Shares after: 430,000
Date: 03 Nov 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

AUR transaction Derivative

Class B Common Stock

Award

Transaction value
Shares: +1,174,642
Change %
Price
Shares after: 1,174,642
Date: 03 Nov 2021
Ownership: See Footnote
Underlying class: Class A Common Stock
Underlying amount: 1,174,642
Exercise price
Footnotes: F2, F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael N. Thompson Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Reflects Issuer's Class A common stock acquired from the Issuer pursuant to a Subscription Agreement in connection with the business combination of Reinvent Technology Partners Y (the former name of the Issuer) and Aurora Innovation Holdings, Inc. (formerly known as Aurora Innovation, Inc.) ("Aurora") (such business combination, the "Business Combination"), which closed on November 3, 2021. The reporting person resigned as a director and as an officer of the Issuer upon consummation of the Business Combination.

Footnote F2

Each share of Issuer Class B common stock is convertible at any time by the holder into one share of Issuer Class A common stock. Pursuant to the terms of the Issuer's charter (the "Charter"), each share of Issuer Class B common stock (i) is convertible at any time by the holder into one share of Issuer Class A common stock and (ii) automatically converts into one share of Issuer Class A common stock upon transfer to a recipient that is not a permitted transferee, upon the death of the holder, or as otherwise set forth in the Charter.

Footnote F3

Upon the consummation of, and pursuant to, the Business Combination, shares of Class B Stock of Aurora held by Reinvent Capital Fund LP ("Reinvent Capital Fund") were cancelled and converted into 1,174,642 shares of the Issuer's Class B common stock at a deemed value of $10.00 per share.

Footnote F4

Reflects securities held directly by Reinvent Capital Fund. The reporting person may be deemed a beneficial owner of securities held by Reinvent Capital Fund by virtue of his shared control over and indirect pecuniary interest in Reinvent Capital Fund. The reporting person disclaims beneficial ownership of the securities held by Reinvent Capital Fund, except to the extent of his pecuniary interest therein.