4//SEC Filing
Johnson David Richard 4
Accession 0000899243-23-016306
CIK 0001884516other
Filed
Jun 21, 8:00 PM ET
Accepted
Jun 22, 8:37 PM ET
Size
8.0 KB
Accession
0000899243-23-016306
Insider Transaction Report
Form 4
Johnson David Richard
Chief Financial Officer
Transactions
- Award
Common Stock
2023-06-20+45,647→ 45,647 total - Award
Stock Option (right to buy)
2023-06-20+132,375→ 132,375 totalExercise: $3.72Exp: 2027-04-01→ Common Stock (132,375 underlying)
Footnotes (3)
- [F1]Received in connection with the Issuer's business combination (the "Business Combination") with Drilling Tools International Holdings, Inc. ("Legacy DTI") in accordance with the terms of the Agreement and Plan of Merger dated as of February 13, 2023 and amended as of June 5, 2023 (the "Merger Agreement"), by and among the Issuer (f/k/a ROC Energy Acquisition Corp.), ROC Merger Sub, Inc. and Legacy DTI. Pursuant to the terms of the Merger Agreement, each outstanding share of Legacy DTI (i) common stock was converted into the right to receive 0.2282 shares of common stock of the Issuer ("Common Stock") and (ii) preferred stock was converted into the right to receive 0.3299 shares of Common Stock and $0.54 in cash. The Business Combination closed on June 20, 2023 (the "Closing Date").
- [F2]As of the Closing Date, all shares of Common Stock subject to the stock options held by the Reporting Person are vested.
- [F3]The stock options were received in exchange for stock options to purchase 580,000 shares of common stock of Legacy DTI for $0.85 per share in connection with the Business Combination.
Documents
Issuer
ROC Energy Acquisition Corp.
CIK 0001884516
Entity typeother
Related Parties
1- filerCIK 0001982629
Filing Metadata
- Form type
- 4
- Filed
- Jun 21, 8:00 PM ET
- Accepted
- Jun 22, 8:37 PM ET
- Size
- 8.0 KB