Key facts
- This page summarizes Lev Peker's Form 4 filing for PARTS iD, Inc..
- 7 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 22 Feb 2024, 17:32.
Lev Peker - 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
- -$3,000,000
- SEC form
- 4
- Accepted by SEC
- 22 Feb 2024, 17:32:27 UTC
- Prior SEC filing
- 19 Oct 2023
- Next SEC filing
- 28 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Lev Peker
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Lev Peker filed Form 4 for PARTS iD, Inc. on 22 Feb 2024.
Change
- Previous filing in this sequence was filed on 19 Oct 2023.
- Current net transaction value: -$3,000,000.
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.
ID
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- +1,526,582
- Change %
- Price
- $0.000000*
- Shares after
- 0
- Date
- 22 Feb 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ID
transaction
Derivative
Warrant (Right to Purchase)
Disposed to Issuer
- Transaction value
- Shares
- -1,562,500
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 22 Feb 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,562,500
- Exercise price
- $0.4800
- Footnotes
- F1, F2
ID
transaction
Derivative
Warrant (Right to Purchase)
Disposed to Issuer
- Transaction value
- Shares
- -50,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 22 Feb 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 50,000
- Exercise price
- $0.5000
- Footnotes
- F1, F2
ID
transaction
Derivative
Warrant (Right to Purchase)
Disposed to Issuer
- Transaction value
- Shares
- -4,761,904
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 22 Feb 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,761,904
- Exercise price
- $0.4200
- Footnotes
- F1, F2
ID
transaction
Derivative
Convertible Notes
Other
- Transaction value
- $250,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 22 Feb 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- Exercise price
- Footnotes
- F1, F2, F4
ID
transaction
Derivative
Convertible Notes
Other
- Transaction value
- $750,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 22 Feb 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- Exercise price
- Footnotes
- F1, F2, F5
ID
transaction
Derivative
Convertible Notes
Other
- Transaction value
- $2,000,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 22 Feb 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- Exercise price
- Footnotes
- F1, F2, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Lev Peker is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 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
Includes 1,500,000 unvested restricted stock units.
Footnote F4
In accordance with the Plan approved by the Bankruptcy Court, as a holder of Subordinated Secured Note Claims (as defined in the Plan), Mr. Peker will be entitled to receive two (2) of the following, provided, however, that no holder of a Subordinated Secured Note Claim will receive, in the aggregate, more than 100% of amount of such holder's Subordinated Secured Note Claim: (A) payment in cash of 55% of such Subordinated Secured Note Claim, (B) such holder's pro rata share from the net recoveries (after payments of fees, litigation financing and taxes) from the Litigation Proceeds (as defined in the Plan) and (C) payment in cash upon the achievement of an EBITDA target to be agreed between the Plan Sponsor (as defined in the Plan) and the Debtors.
Footnote F5
In accordance with the Plan approved by the Bankruptcy Court, unsecured note claims were discharged and received no distribution under the Plan.