4//SEC Filing
Gores Sponsor V LLC 4
Accession 0000899243-20-025814
CIK 0001816816other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 7:11 PM ET
Size
10.5 KB
Accession
0000899243-20-025814
Insider Transaction Report
Form 4
Gores Sponsor V LLC
Director10% Owner
Transactions
- Disposition to Issuer
Class F Common Stock, par value $0.0001 per share
2020-09-21−531,250→ 13,050,000 total→ Class A Common Stock (531,250 underlying)
Footnotes (5)
- [F1]Pursuant to the Amended and Restated Certificate of Incorporation of Gores Holdings V, 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. 333-239962). The Class F Shares are held directly by Gores Sponsor V LLC (the "Sponsor").
- [F2]The Sponsor forfeited 531,250 Class F Shares to the Issuer for no consideration, which was exempted pursuant to Rule 16b-3(e), in connection with the underwriter's election not to exercise the remaining unused portion of the over-allotment option.
- [F3]The managing member of the Sponsor is AEG Holdings, LLC ("AEG"). Alec Gores is the managing member of AEG (and together with the Sponsor and AEG, the "Reporting Persons").
- [F4]Because of the relationship among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
- [F5]Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.
Documents
Issuer
Gores Holdings V Inc.
CIK 0001816816
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001816810
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 7:11 PM ET
- Size
- 10.5 KB