SEC Form 4 · accession 0001213900-18-013016

Megalith Financial Acquisition Corp · MFAC.U

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Sep 21, 2018

Accepted (ET)

Sep 25, 2018 · 9:06 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001725872

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F3,F1	—	Sep 21, 2018	J	80,278	D	—	—	Class A Common Stock	80,278	4,232,222	I

F1As described in the issuer's registration statement on Form S-1 (File No. 333-226270) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and has no expiration date.
F2As contemplated in connection with the initial public offering of the issuer, 80,278 shares of Class B common stock of the issuer were returned by MFA Investor Holdings LLC (the "Sponsor") to the issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full.
F3These shares represent the Class B common stock held by the Sponsor acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. Mr. Sidhu is a managing member of the Sponsor, and shares the voting and dispositive power of the securities held by the Sponsor. Accordingly, Mr. Sidhu may be deemed to have or share beneficial ownership of such shares. Mr. Sidhu disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.