Filing Details

Accession Number:
0001654954-19-014101
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-12-19 16:05:55
Reporting Period:
2019-12-19
Accepted Time:
2019-12-19 16:05:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1596961 Rumbleon Inc. RMBL Services-Computer Programming Services (7371) 463951329
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1688766 Marshall Chesrown C/o Rumbleon, Inc.
901 W Walnut Hill Lane
Irving TX 75038
Chairman And Ceo No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class B Common Stock Acquisiton 2019-12-19 50,000 $0.77 1,875,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 875,000 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class B Common Stock Restricted stock units $0.00 400,000 400,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
400,000 400,000 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.7462 - $0.8381. The reporting person undertakes to provide to RumbleOn, Inc., any security holder of RumbleOn, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth above.
  2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of RMBL Class B Common Stock.
  3. These RSUs were granted on June 3, 2019.
  4. The RSUs vest as follows: (i) 100,000 RSUs vest after two consecutive quarters of $1.00 or greater operating income and trailing four quarter revenue of $900 million at any time through September 30, 2020, (ii) 100,000 RSUs vest at such time as the shares of Class B Common Stock trade at a minimum closing price of $10.00 per share for 30 consecutive trading days at any time through September 30, 2020, and (iii) 200,000 RSUs vest at such time as the shares of Class B Common Stock trade at a minimum closing price of $15.00 per share for thirty consecutive trading days at any time through September 30, 2020.