Benjamin Kao - 30 Jan 2023 Form 4 Insider Report for Thrive Acquisition Corp

Reporting relationship: President, Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 30 Jan 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Mar 2023, 12:07:00 UTC
Prior SEC filing: 20 Oct 2021
Source filing: View source filing
Reporting owner signature: /s/ Benjamin Kao

Key filing fact

Benjamin Kao filed Form 4 for Thrive Acquisition Corp on 02 Mar 2023.

Key facts

This page summarizes Benjamin Kao's Form 4 filing for Thrive Acquisition Corp.
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 02 Mar 2023, 12:07.

Change

Previous filing in this sequence was filed on 20 Oct 2021.
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 disclosures.

View source filing

Reported derivative securities

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

THAC transaction Derivative

Class B Ordinary Shares

Other

Transaction value
Shares: -3,154,667
Change %: -100%
Price
Shares after: 1
Date: 30 Jan 2023
Ownership: See Footnote
Underlying class: Class A Ordinary Shares
Underlying amount: 3,154,667
Exercise price
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 2 footnotes

Footnote F1

On January 18, 2023, the Issuer announced that it will not consummate an initial business combination within the time period required. Pursuant to the Issuer's Amended and Restated Memorandum and Articles of Association and in connection with the winding up of the Issuer, the 3,154,667 Class B ordinary shares, par value $0.0001, held by the Thrive Acquisition Sponsor LLC (the "Sponsor") were surrendered for no compensation on January 30, 2023.

Footnote F2

The Sponsor is the record holder of the reported securities. The Reporting Person shares control of the Sponsor. As a result, the Reporting Person may be deemed to share beneficial ownership of the shares held by the Sponsor. The Reporting Person disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of his pecuniary interest therein.

SEC remarks

After giving effect to the Issuer's delisting and deregistration, the Reporting Person is no longer subject to Section 16 reporting obligations.