Key facts
- This page summarizes Michael W. Kennedy's Form 4 filing for RumbleOn, Inc. (RMBL).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 15 Dec 2023, 18:34.
Michael W. Kennedy - 13 Dec 2023 Form 4 Insider Report for RumbleOn, Inc. (RMBL)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- RMBL
- Reported as of
- 13 Dec 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 15 Dec 2023, 18:34:48 UTC
- Prior SEC filing
- 13 Nov 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/Mathew W. Grynwald, Attorney-in-fact for Michael W. Kennedy
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michael W. Kennedy filed Form 4 for RumbleOn, Inc. (RMBL) on 15 Dec 2023.
Change
- Previous filing in this sequence was filed on 13 Nov 2023.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RMBL
transaction
Derivative
Stock options (Right to purchase)
Award
- Transaction value
- $0
- Shares
- +825,000
- Change %
- Price
- $0.000000
- Shares after
- 825,000
- Date
- 13 Dec 2023
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 825,000
- Exercise price
- $5.85
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 1 footnote
Footnote F1
These options vest when the minimum closing price of RMBL common stock remains at or above the minimum closing price for at least 30 consecutive trading days ("Target"), subject to his continuous employment and the other terms of the grant. Vesting at each applicable Target is as follows: 125,000 at $12; 175,000 at $17; 200,000 at $22; 225,000 at $35; and 100,000 at $40. The award was granted outside of the Company's shareholder-approved stock incentive plan as an inducement to Mr. Kennedy's entry into employment and approved by the Compensation Committee of the Board of Directors, in accordance with Nasdaq Listing Rule 5635(c)(4). Pursuant to Mr. Kennedy's employment agreement, the award was granted after the conclusion of two trading days following the completion of the Company's Rights Offering, which closed on December 8, 2023, and the exercise price per share was determined as the price of RMBL at the conclusion of trading on the day before the grant.