Key facts
- This page summarizes Harish Chidambaran's Form 4 filing for Arrowroot Acquisition Corp. (AILEQ).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 18 Apr 2024, 21:38.
Harish Chidambaran - 16 Apr 2024 Form 4 Insider Report for Arrowroot Acquisition Corp. (AILEQ)
- Reporting relationship
- CEO, Director, 10%+ Owner
- Issuer ticker
- AILEQ
- Reported as of
- 16 Apr 2024
- Net transaction value
- $0
- Reporting owner signature
- By /s/ David Samuels, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Harish Chidambaran filed Form 4 for Arrowroot Acquisition Corp. (AILEQ) on 18 Apr 2024.
Change
- No earlier filing in this sequence is available for direct comparison.
- 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 non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AILE
transaction
Common Stock
Award
- Transaction value
- Shares
- +77,964,895
- Change %
- Price
- Shares after
- 77,964,895
- Date
- 16 Apr 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3
AILE
transaction
Common Stock
Award
- Transaction value
- Shares
- +18,799,432
- Change %
- Price
- Shares after
- 18,799,432
- Date
- 16 Apr 2024
- Ownership
- By Spouse
- Footnotes
- F1, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of April 27, 2023, by and among the Issuer, ARAC Merger Sub, Inc., a wholly-owned subsidiary of the Issuer ("Merger Sub") and iLearningEngines Holdings, Inc. ("Legacy iLearningEngines"), whereby Merger Sub merged with and into Legacy iLearningEngines with the separate corporate existence of Merger Sub ceasing and Legacy iLearningEngines continuing as the surviving corporation and a wholly-owned subsidiary of Issuer (the "Merger").
Footnote F2
Includes 27,590,898 shares of restricted stock which vest in 10 equal annual installments beginning on April 16, 2025. Under the terms of the relevant restricted stock purchase agreement, the relevant reported shares of restricted stock may not be transferred without the consent of the Issuer and are subject to a repurchase right in favor of the Issuer.
Footnote F3
Received in exchange for 62,487,282 shares of Common Stock and 34,225,600 shares of Restricted Common Stock of Legacy iLearningEngines in connection with the Merger (as described in footnote 1).
Footnote F4
Includes 4,561,014 shares of restricted stock which vest in 10 equal annual installments beginning on April 16, 2025. Under the terms of the relevant restricted stock purchase agreement, the relevant reported shares of restricted stock may not be transferred without the consent of the Issuer and are subject to a repurchase right in favor of the Issuer.
Footnote F5
Received in exchange for 17,662,288 shares of Common Stock and 5,657,788 shares of Restricted Common Stock of Legacy iLearningEngines in connection with the Merger (as described in footnote 1).
Footnote F6
The securities are held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.