Key facts
- This page summarizes ARROWROOT ACQUISITION LLC's Form 4 filing for Arrowroot Acquisition Corp. (AILEQ).
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 18 Apr 2024, 21:45.
ARROWROOT ACQUISITION LLC - 08 May 2023 Form 4 Insider Report for Arrowroot Acquisition Corp. (AILEQ)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- AILEQ
- Reported as of
- 08 May 2023
- Net transaction value
- +$4,603,672
- SEC form
- 4
- Accepted by SEC
- 18 Apr 2024, 21:45:57 UTC
- Prior SEC filing
- 08 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Peter Byrne, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
ARROWROOT ACQUISITION LLC filed Form 4 for Arrowroot Acquisition Corp. (AILEQ) on 18 Apr 2024.
Change
- Previous filing in this sequence was filed on 08 Feb 2023.
- Current net transaction value: +$4,603,672.
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
Conversion of derivative security
- Transaction value
- Shares
- +7,027,500
- Change %
- Price
- Shares after
- 7,027,500
- Date
- 16 Apr 2024
- Ownership
- Direct
- Footnotes
- F1, F2
AILE
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -400,000
- Change %
- -5.7%
- Price
- $0.000000
- Shares after
- 6,627,500
- Date
- 16 Apr 2024
- Ownership
- Direct
- Footnotes
- F2, F3
AILE
transaction
Common Stock
Award
- Transaction value
- $4,603,840
- Shares
- +460,384
- Change %
- +6.9%
- Price
- $10.00
- Shares after
- 7,087,884
- Date
- 16 Apr 2024
- Ownership
- Direct
- Footnotes
- F2, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AILE
transaction
Derivative
Class B Common Stock
Sale
- Transaction value
- $168
- Shares
- -40,000
- Change %
- -0.57%
- Price
- $0.004200*
- Shares after
- 7,027,500
- Date
- 08 May 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 40,000
- Exercise price
- Footnotes
- F1, F2
AILE
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -7,027,500
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 16 Apr 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 7,027,500
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
ARROWROOT ACQUISITION LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
On April 16, 2024 pursuant to the Agreement and Plan of Merger and Reorganization, dated as of April 27, 2023 (the "Merger Agreement"), by and among the Issuer, ARAC Merger Sub, Inc., a wholly-owned subsidiary of the Issuer ("Merger Sub") and iLearningEngines Holdings, Inc. ("Legacy iLearningEngines"), 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"). Prior to the effective time of the Merger, pursuant to the Issuer's amended and restated certificate of incorporation, each outstanding share of the Issuer's Class A Common Stock and Class B Common Stock was reclassified as a single share of the Issuer's Common Stock.
Footnote F2
Matthew Safaii and Thomas Olivier control the Reporting Person, and as such have voting and investment discretion with respect to the securities held by the Reporting Person and may be deemed to have beneficial ownership of the securities held directly by the Reporting Person.
Footnote F3
Immediately prior to the closing of the Merger, pursuant to a Sponsor Forfeiture Agreement dated March 27, 2024, 400,000 shares of Common Stock were forfeited to the Issuer for no consideration.
Footnote F4
Shares issued at the effective time of the Merger upon conversion of principal amount of, and accrued interest on, working capital loans provided to the Issuer by the Reporting Person, at the conversion price of $10.00 per share.