4//SEC Filing
LEDECKY JONATHAN J 4
Accession 0001062993-23-016013
CIK 0001835800other
Filed
Aug 7, 8:00 PM ET
Accepted
Aug 8, 4:23 PM ET
Size
12.1 KB
Accession
0001062993-23-016013
Insider Transaction Report
Form 4
Pivotal Investment Holdings III LLC
10% Owner
Transactions
- Other
Class B Common Stock
2023-08-07$0.00/sh+60,000$150→ 60,000 totalExercise: $0.00→ Class A Common Stock (60,000 underlying) - Other
Class B Common Stock
2023-08-07$0.00/sh+60,000$150→ 120,000 totalExercise: $0.00→ Class A Common Stock (60,000 underlying)
LEDECKY JONATHAN J
Director10% Owner
Transactions
- Other
Class B Common Stock
2023-08-07$0.00/sh+60,000$150→ 120,000 totalExercise: $0.00→ Class A Common Stock (60,000 underlying) - Other
Class B Common Stock
2023-08-07$0.00/sh+60,000$150→ 60,000 totalExercise: $0.00→ Class A Common Stock (60,000 underlying)
Griffin Kevin
DirectorPresident & CEO10% Owner
Transactions
- Other
Class B Common Stock
2023-08-07$0.00/sh+60,000$150→ 60,000 totalExercise: $0.00→ Class A Common Stock (60,000 underlying) - Other
Class B Common Stock
2023-08-07$0.00/sh+60,000$150→ 120,000 totalExercise: $0.00→ Class A Common Stock (60,000 underlying)
Footnotes (3)
- [F1]The Class B Common Stock will convert into Class A Common Stock upon the earlier of (1) request by the holder or (2) automatically at the time of the Issuer's initial business combination. Such conversion shall be on a one-for-one basis, subject to adjustment. The Class B Common Stock has no exercise or conversion price, nor expiration date.
- [F2]These shares of Class B Common Stock of the Issuer (the "Shares") were transferred to Pivotal Investment Holdings III LLC (the "Sponsor"), the sponsor of the Issuer, for the same aggregate purchase price originally paid for such Shares, in connection with an agreement between the Sponsor and the transferor. The Sponsor had initially transferred the Shares to the transferor prior to the Issuer's initial public offering.
- [F3]These shares are owned directly by Sponsor, a ten percent owner of the issuer, and indirectly by its managing members, Ironbound Partners Fund, LLC and Pivotal Spac Funding III LLC. Ironbound Partners Fund, LLC is an affiliate of Jonathan Ledecky, the Issuer's Chairman. Pivotal Spac Funding III LLC is an affiliate of MGG Investment Group, LP, whose Chief Executive Officer is Kevin Griffin, the Chief Executive Officer and a director of the Issuer. Each of Mr. Ledecky, Ironbound Partners Fund, LLC, Pivotal Spac Funding III LLC, MGG Investment Group, LP, and Mr. Griffin disclaim beneficial ownership of the securities held by Pivotal Investment Holdings III LLC, except to the extent of his or its pecuniary interest therein.
Issuer
Pivotal Investment Corp III
CIK 0001835800
Entity typeother
Related Parties
1- filerCIK 0001008382
Filing Metadata
- Form type
- 4
- Filed
- Aug 7, 8:00 PM ET
- Accepted
- Aug 8, 4:23 PM ET
- Size
- 12.1 KB