Robert Sheft - 29 May 2018 Form 4/A - Amendment Insider Report for GreenSky, Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4/A - Amendment
Accepted by SEC
06 Oct 2023, 20:00:37 UTC
Original report date
31 May 2018
Next SEC filing
07 Jun 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Robert Sheft

Key filing fact

Robert Sheft filed Form 4/A - Amendment for GreenSky, Inc. on 06 Oct 2023.

Key facts

  • This page summarizes Robert Sheft's Form 4/A - Amendment filing for GreenSky, Inc..
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 06 Oct 2023, 20:00.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$121,739,963.

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.

GSKY transaction

Class B common stock

Disposed to Issuer

Transaction value
$0
Shares
-5,571,623
Change %
-100%
Price
$0.000000*
Shares after
0
Date
29 May 2018
Ownership
By RS 2018 NV Trust
Footnotes
F1, F2, F3
GSKY holding

Class B common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
22,286,495
Date
29 May 2018
Ownership
By GS Investment Holdings, LLC
Footnotes
F3, F4

Reported derivative securities

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

GSKY transaction Derivative

Holdco Units

Disposed to Issuer

Transaction value
$121,739,963
Shares
-5,571,623
Change %
-100%
Price
$21.85
Shares after
0
Date
29 May 2018
Ownership
By RS 2018 NV Trust
Underlying class
Class A common stock
Underlying amount
5,571,623
Exercise price
Footnotes
F1, F2, F5
GSKY holding Derivative

Holdco Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
22,286,495
Date
29 May 2018
Ownership
By GS Investment Holdings, LLC
Underlying class
Class A common stock
Underlying amount
22,286,495
Exercise price
Footnotes
F3, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

This Form 4 is being amended to correct the name of the entity that conducted the reported transaction. In this transaction, RS 2018 NV Trust sold 5,571,623 Holdco Units to GreenSky, Inc. in a transaction that was approved in advance by GreenSky Inc.'s board of directors. Therefore, this transaction is exempt from Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(c).

Footnote F2

Represents Holdco Units purchased by GreenSky, Inc. in connection with its initial public offering, and shares of Class B common stock automatically cancelled upon such purchase.

Footnote F3

The Class B common stock entitles holders to ten votes per share, votes as a single class with the Class A common stock, has no economic rights and is subject to forfeiture upon exchange of the Reporting Person's Holdco Units as described below.

Footnote F4

The amount of securities reflects a 100% indirect economic interest in GS Investment Holdings, LLC. Mr. Sheft disclaims any interest in 65.85% of these securities.

Footnote F5

Pursuant to the Exchange Agreement, dated May 23, 2018, by and among GreenSky, Inc., GreenSky Holdings, LLC ("GS Holdings") and the members of GS Holdings, the Holdco Units may be exchanged by the Reporting Person (with automatic cancellation of an equal number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions, stock repurchases and other reinvestments of excess cash, or for cash (based on the market price of the shares of Class A common stock), at GreenSky, Inc.'s option.

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