- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2019-12-19 16:05:55
- Reporting Period:
- Accepted Time:
- 2019-12-19 16:05:55
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|1596961||Rumbleon Inc.||RMBL||Services-Computer Programming Services (7371)||463951329|
|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|
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|
- 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.
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of RMBL Class B Common Stock.
- These RSUs were granted on June 3, 2019.
- 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.