SEC Form 4 · accession 0001354488-17-000270
RideNow Group, Inc. · RDNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Berrard Holdings Limited Partnership
Officer — CFO and Secretary · Director · 10% Owner
Period of report
Feb 13, 2017
Accepted (ET)
Feb 16, 2017 · 8:04 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001596961
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F2 | Feb 13, 2017 | D | 125,000 | — | D | 2,037,500 | D | |
| Class A Common StockF1,F2 | Feb 13, 2017 | A | 125,000 | — | A | 125,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promissory Note (right to acquire)F3 | $0.75 | holding | — | — | — | — | Jul 13, 2026 | Class B Common Stock | 272,513 | 0 | D |
Explanation of responses
- F1Exchange of Class B shares for Class A shares, approved by the Board of Directors and Shareholders of RumbleOn, Inc. on January 9, 2017.
- F2The shares of common stock are owned directly by Berrard Holdings Limited Partnership, a limited partnership controlled by Steven R. Berrard.
- F3As of November 28, 2016, the debt is convertible into shares of Class B Common Stock at any time.