SEC Form 4 · accession 0001654954-18-005482
RideNow Group, Inc. · RDNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P Westfall
Director
Period of report
Apr 30, 2018
Accepted (ET)
May 15, 2018 · 8:42 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 | Apr 30, 2018 | M | 7,000 | — | A | 19,500 | D | |
| Class B Common StockF2 | May 14, 2018 | S | 2,112 | $4.81 | D | 17,388 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Apr 30, 2018 | M | 7,000 | D | — | — | Class B Common Stock | 35,000 | 28,000 | D |
Explanation of responses
- F1Represents shares of RMBL Class B Common Stock received upon vesting of Restricted Stock Units ("RSUs"). The RSUs vested on April 30, 2018 and the shares of common stock were delivered on May 8, 2018.
- F2These shares were sold by the reporting person to cover the tax liability associated with the vesting of the RSUs.
- F3Each RSU represents a contingent right to receive one share of RMBL Class B Common Stock.
- F4The RSUs vest (1) 20% on the last day of the thirteenth month following the grant date, (2) 2.5% monthly on the last day of each month beginning on the last day of the fourteenth month following the grant date through the last of the twenty-fifth month following the grant date and (3) 4.17% monthly on the last day of each month beginning on the last day of the twenty-sixth month following the grant date through the last day of the thirty-seventh month following the grant date.