Prashant Pathak - 22 Feb 2024 Form 4 Insider Report for PARTS iD, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 22 Feb 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 22 Feb 2024, 17:30:51 UTC
Prior SEC filing: 30 Sep 2022
Source filing: View source filing
Reporting owner signature: /s/ Prashant Pathak

Key filing fact

Prashant Pathak filed Form 4 for PARTS iD, Inc. on 22 Feb 2024.

Key facts

This page summarizes Prashant Pathak's Form 4 filing for PARTS iD, Inc..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 22 Feb 2024, 17:30.

Change

Previous filing in this sequence was filed on 30 Sep 2022.
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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ID transaction

Class A Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -65,258
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 22 Feb 2024
Ownership: Direct
Footnotes: F1, F2

ID transaction

Class A Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -14,240,187
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 22 Feb 2024
Ownership: By Onyx Enterprises Canada Inc.
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 3 footnotes

Footnote F1

On December 26, 2023, PARTS iD, Inc. (the "Issuer") and certain subsidiary PARTS iD, LLC (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On February 5, 2024, the Bankruptcy Court entered an order confirming the Debtors' Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the "Plan"), and on February 22, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.

Footnote F2

On the Effective Date, all of the Company's previously outstanding shares of Class A common stock, including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.

Footnote F3

Such shares of Class A common stock were held by Onyx Enterprises Canada Inc. Mr. Pathak serves as the President and a director of Onyx Enterprises Canada Inc. Mr. Pathak disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.