Key facts
- This page summarizes COWEN INC.'s Form 4 filing for Fusion Acquisition Corp. II.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 06 Sep 2023, 16:19.
COWEN INC. - 01 Sep 2023 Form 4 Insider Report for Fusion Acquisition Corp. II
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 01 Sep 2023
- Net transaction value
- -$4,887,999
- SEC form
- 4
- Accepted by SEC
- 06 Sep 2023, 16:19:58 UTC
- Prior SEC filing
- 25 Apr 2023
- Next SEC filing
- 14 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- Cowen Inc., By: /s/ Stephen A. Lasota, Chief Financial Officer
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
COWEN INC. filed Form 4 for Fusion Acquisition Corp. II on 06 Sep 2023.
Change
- Previous filing in this sequence was filed on 25 Apr 2023.
- Current net transaction value: -$4,887,999.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FSNB
transaction
Class A Common Stock
Other
- Transaction value
- $3,441,900
- Shares
- -330,000
- Change %
- -100%
- Price
- $10.43
- Shares after
- 0
- Date
- 01 Sep 2023
- Ownership
- By Cowen and Company, LLC
- Footnotes
- F1, F2, F3, F5, F6
FSNB
transaction
Class A Common Stock
Other
- Transaction value
- $1,446,099
- Shares
- -138,648
- Change %
- -100%
- Price
- $10.43
- Shares after
- 0
- Date
- 01 Sep 2023
- Ownership
- By Cowen Financial Products LLC
- Footnotes
- F1, F2, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
COWEN INC. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
This Form 4 is filed jointly by Cowen Inc., Cowen Financial Products LLC ("Cowen Financial"), Cowen and Company, LLC ("Cowen and Company"), Cowen Holdings, Inc. ("Cowen Holdings") and RCG LV Pearl LLC ("RCG", and collectively, the "Reporting Persons").
Footnote F2
Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Footnote F3
Represents securities owned directly by Cowen and Company. Cowen Holdings is the sole member of Cowen and Company. RCG is the sole owner of Cowen Holdings. Cowen Inc. is the sole member of RCG. In such capacities, each of Cowen Holdings, RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by Cowen and Company, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Footnote F4
Represents securities owned directly by Cowen Financial. RCG is the sole member of Cowen Financial. Cowen Inc. is the sole member of RCG. In such capacities, each of RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by Cowen Financial, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Footnote F5
The Reporting Persons elected to redeem these shares of the Issuer's Class A Common Stock ("Shares") for cash in connection with the Issuer's special meeting of stockholders on 09/01/23. The redemption price is currently being calculated, which the Issuer has estimated to be approximately $10.43 per Share. The Reporting Persons will file an amendment to this Form 4 to disclose the final redemption price if it is materially different from the estimated redemption price reported herein.
Footnote F6
Cowen and Company's election to redeem 36,400 Shares on 09/01/23 at the estimated redemption price of $10.43, as reported herein, was matchable under Section 16(b) of the Exchange Act with the purchases by Cowen and Company of 36,400 Shares at a price of $10.24 on 04/19/23. Cowen and Company has agreed to deliver a payment to the Issuer, which represents the full amount of the profit realized in connection with these short-swing transactions under Section 16(b) of the Exchange Act, once the final redemption price is known.