Key facts
- This page summarizes Thomas Olivier's Form 4 filing for Arrowroot Acquisition Corp. (AILEQ).
- 6 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 18 Apr 2024, 21:49.
Thomas Olivier - 08 May 2023 Form 4 Insider Report for Arrowroot Acquisition Corp. (AILEQ)
- Reporting relationship
- Director
- Issuer ticker
- AILEQ
- Reported as of
- 08 May 2023
- Net transaction value
- +$4,603,672
- SEC form
- 4
- Accepted by SEC
- 18 Apr 2024, 21:49:27 UTC
- Prior SEC filing
- 24 Aug 2022
- Next SEC filing
- 03 Sep 2024
- Source filing
- View source filing
- Reporting owner signature
- By /s/ David Samuels, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Thomas Olivier filed Form 4 for Arrowroot Acquisition Corp. (AILEQ) on 18 Apr 2024.
Change
- Previous filing in this sequence was filed on 24 Aug 2022.
- 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
- By Arrowroot Acquisition LLC
- 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
- By Arrowroot Acquisition LLC
- 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
- By Arrowroot Acquisition LLC
- Footnotes
- F2, F4
AILE
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -82,091
- Change %
- -1.2%
- Price
- $0.000000
- Shares after
- 7,005,793
- Date
- 16 Apr 2024
- Ownership
- By Arrowroot Acquisition LLC
- Footnotes
- F2, F5
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
- By Arrowroot Acquisition LLC
- 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
- By Arrowroot Acquisition LLC
- 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
Explanation of responses 5 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
The securities reported herein are held by Arrowroot Acquisition LLC (the "Sponsor"). The Reporting Person is a manager of the Sponsor, and as such has voting and investment discretion with respect to the securities held by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
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 Sponsor, at the conversion price of $10.00 per share.
Footnote F5
Pursuant to a non-redemption agreement with a third party, 82,901 shares of Common Stock were forfeited to the Issuer for no consideration following the closing of the Merger.