SEC Form 4 · accession 0001654954-18-007323
RideNow Group, Inc. · RDNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denmar John Dixon
Director
Period of report
Jun 25, 2018
Accepted (ET)
Jul 3, 2018 · 5:09 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 Stock | holding | — | — | — | 35,000 | D | ||
| Class B Common StockF1 | holding | — | — | — | 1,023,429 | I | . | |
| Class B Common StockF2 | holding | — | — | — | 7,750 | I | . | |
| Class B Common StockF3 | holding | — | — | — | 250 | I | . |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Jun 25, 2018 | A | 85,000 | A | — | — | Class B Common Stock | 85,000 | 85,000 | D |
| Restricted Stock UnitsF4,F6,F5 | — | holding | — | — | — | — | — | Class B Common Stock | 28,000 | 28,000 | D |
Explanation of responses
- F1Represents shares owned through Blue Flame Capital, LLC, an entity controlled by the Reporting Person.
- F2Represents shares owned by the Reporting Person's spouse.
- F3Represents shares owned by the Reporting Person's son.
- F4Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of RMBL Class B Common Stock.
- F5The 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. The shares underlying the vested RSUs will be delivered to the Reporting Person on an annual basis during the thirteenth months following the grant date.
- F6These RSUs were granted on March 31, 2017.