Gores Metropoulos Sponsor LLC 4
4 · Gores Metropoulos, Inc. · Filed Mar 20, 2019
Insider Transaction Report
Form 4
Gores Metropoulos Sponsor LLC
Director10% Owner
Transactions
- Disposition to Issuer
Class F Common Stock
2019-03-18−781,250→ 9,925,000 total→ Class A Common Stock (781,250 underlying)
Footnotes (3)
- [F1]Pursuant to the Amended and Restated Certificate of Incorporation of Gores Metropoulos, Inc. (the "Issuer"), shares of Class F common stock, par value $0.0001 per share (the "Class F Shares") have no expiration date and (i) are convertible into shares of Class A common stock, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-228739).
- [F2]The reporting person forfeited 781,250 Class F Shares to the Issuer for no consideration, which was exempted pursuant to Rule 16b-3(e), in connection with the election of the underwriters of the Issuer's initial public offering not to exercise the remaining unused portion of the over-allotment option.
- [F3]Each of the reporting person's managing members may be deemed to beneficially own the Class F Shares owned directly by the reporting person and the Class A Shares into which such Class F Shares are convertible. Each managing member is filing a separate report on Form 3 to reflect its respective pecuniary interest in such securities.