4//SEC Filing
BROWN DOUGLAS R 4
Accession 0000950103-20-019867
CIK 0001804591other
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 8:22 PM ET
Size
10.9 KB
Accession
0000950103-20-019867
Insider Transaction Report
Form 4
VG Acquisition Corp.VGAC.U
BROWN DOUGLAS R
Director
Transactions
- Purchase
Class B Shares in VG Acquisition Holdings LLC
2020-09-24+100,000→ 703,405 totalExercise: $0.00→ Class B Ordinary Shares (703,405 underlying) - Purchase
Class A Ordinary Shares
2020-10-06$10.00/sh+100,000$1,000,000→ 100,000 total - Award
Class B Ordinary Shares
2020-09-30+30,000→ 30,000 totalExercise: $0.00→ Class A Ordinary Shares (30,000 underlying)
Footnotes (4)
- [F1]Represents the price paid per unit, with each unit consisting of (i) one Class A ordinary share and (ii) one-third of a warrant to acquire a Class A ordinary share at a price of $11.50 per share.
- [F2]These Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis for no additional consideration concurrently with or immediately following the consummation of the initial business combination by the Issuer, on a one-for-one basis, subject to the adjustments described in the Issuer's prospectus on Form S-1 filed on September 16, 2020 (the "Prospectus"). The Class B ordinary shares have no expiration date.
- [F3]Represents Class B Shares in VG Acquisition Holdings LLC, a Delaware limited liability company ("Holdings"). Holdings holds an economic interest in VG Acquisition Sponsor LLC, a Cayman Islands limited liability company (the "Sponsor"). These Class B shares in Holdings represent an indirect economic entitlement to the proceeds attributable to holdings of the Sponsor, including a number of the Class B ordinary shares of the Issuer. The Class B shares in Holdings have no expiration date.
- [F4]A portion of the Class B ordinary shares of the Issuer acquired by the Sponsor are subject to forfeiture in the event the underwriters for the Issuer's initial public offering do not exercise in full their overallotment option in connection with that offering, all as described in the Prospectus. The number of Class B ordinary shares underlying these Class B Shares in Holdings will be adjusted to reflect any such forfeiture.
Documents
Issuer
VG Acquisition Corp.
CIK 0001804591
Entity typeother
Related Parties
1- filerCIK 0001162738
Filing Metadata
- Form type
- 4
- Filed
- Oct 7, 8:00 PM ET
- Accepted
- Oct 8, 8:22 PM ET
- Size
- 10.9 KB