Key facts
- This page summarizes Ryan Milnes's Form 4 filing for Rumble Inc. (RUM).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 11 Feb 2025, 21:44.
Ryan Milnes - 07 Feb 2025 Form 4 Insider Report for Rumble Inc. (RUM)
- Reporting relationship
- Director
- Issuer ticker
- RUM
- Reported as of
- 07 Feb 2025
- Net transaction value
- -$187,336,575
- SEC form
- 4
- Accepted by SEC
- 11 Feb 2025, 21:44:13 UTC
- Prior SEC filing
- 18 Jun 2024
- Next SEC filing
- 16 Jun 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Sergey Milyukov, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Ryan Milnes filed Form 4 for Rumble Inc. (RUM) on 11 Feb 2025.
Change
- Previous filing in this sequence was filed on 18 Jun 2024.
- Current net transaction value: -$187,336,575.
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.
RUM
transaction
Class A Common Stock, par value $0.0001 per share
Conversion of derivative security
- Transaction value
- $0
- Shares
- +24,978,210
- Change %
- Price
- $0.000000
- Shares after
- 24,978,210
- Date
- 07 Feb 2025
- Ownership
- See footnote
- Footnotes
- F1, F6
RUM
transaction
Class C Common Stock, par value $0.0001 per share
Other
- Transaction value
- $0
- Shares
- -24,978,210
- Change %
- -52%
- Price
- $0.000000
- Shares after
- 23,076,191
- Date
- 07 Feb 2025
- Ownership
- See footnote
- Footnotes
- F2, F3, F6
RUM
transaction
Class A Common Stock, par value $0.0001 per share
Sale
- Transaction value
- $187,336,575
- Shares
- -24,978,210
- Change %
- -100%
- Price
- $7.50
- Shares after
- 0
- Date
- 07 Feb 2025
- Ownership
- See footnote
- Footnotes
- F4, F6
RUM
holding
Class A Common Stock, par value $0.0001 per share
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 57,290
- Date
- 07 Feb 2025
- Ownership
- Direct
- Footnotes
- F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RUM
transaction
Derivative
Exchangeable Shares
Conversion of derivative security
- Transaction value
- $0
- Shares
- -24,978,210
- Change %
- -52%
- Price
- $0.000000
- Shares after
- 23,076,191
- Date
- 07 Feb 2025
- Ownership
- See footnote
- Underlying class
- Class A Common Stock, par value $0.0001 per share
- Underlying amount
- 24,978,210
- Exercise price
- $0.000000
- Footnotes
- F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
Represents the exchange (on a 1-for-1 basis) by the Reporting Person of Exchangeable Shares issued by 1000045728 Ontario Inc. ("ExchangeCo"), a corporation formed under the laws of the Province of Ontario, Canada, and an indirect subsidiary of the Issuer, for shares of Class A Common Stock of the Issuer ("Class A Common Stock").
Footnote F2
In connection with the exchange, an equivalent number of voting, non-economic shares of Class C Common Stock of the Issuer ("Class C Common Stock") held by the Reporting Person were cancelled by the Issuer.
Footnote F3
Includes 16,560,185 shares of Class C Common Stock that are subject to the vesting and forfeiture requirements specified in the Business Combination Agreement, dated as of December 1, 2021 (the "BCA"), by and between the Issuer (f/k/a CF Acquisition Corp. VI) and Rumble Canada Inc. (f/k/a Rumble Inc.).
Footnote F4
Represents the sale of shares of Class A Common Stock to the Issuer in the Issuer's self tender offer that closed on February 7, 2025.
Footnote F5
Represents 21,703 restricted stock units of the Issuer that previously vested and 35,587 unvested restricted stock units of the Issuer.
Footnote F6
2286404 Ontario Inc. ("Ontario") is the record holder of the shares. Ontario is wholly owned by Ryan Milnes and therefore, Mr. Milnes has voting and dispositive power over such shares and may be deemed to beneficially own such shares.
Footnote F7
Consists of Exchangeable Shares issued by ExchangeCo. Includes 16,560,185 Exchangeable Shares that are subject to the vesting and forfeiture requirements specified in the BCA. Each Exchangeable Share is exchangeable at the election of the holder thereof for one share of Class A Common Stock. The Exchangeable Shares are currently exercisable and have no expiration date.
SEC remarks
The transactions contemplated by this Form 4 were approved by the Company's Board of Directors for purposes of the exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended.