SEC Form 4 · accession 0001654954-17-003081
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
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 9:00 pm EDT
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 | Mar 31, 2017 | P | 62,500 | $4.00 | A | 2,100,000 | D | |
| Class B Common StockF1 | Mar 31, 2017 | M | 275,312 | $0.75 | A | 2,375,312 | D | |
| Class A Common StockF1 | holding | — | — | — | 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,F2 | $0.75 | Mar 31, 2017 | M | 275,312 | D | — | Jul 13, 2026 | Class B Common Stock | 275,312 | 0 | D |
Explanation of responses
- F1The shares of common stock are owned directly by Berrard Holdings Limited Partnership, a limited partnership controlled by Steven R. Berrard ("Berrard Holdings").
- F2The debt is convertible into shares of Class B Common Stock at any time.
- F3The promissory note is held by Berrard Holdings.