4//SEC Filing
Chidambaran Harish 4
Accession 0001415889-24-011185
CIK 0001835972other
Filed
Apr 17, 8:00 PM ET
Accepted
Apr 18, 9:38 PM ET
Size
8.4 KB
Accession
0001415889-24-011185
Insider Transaction Report
Form 4
Chidambaran Harish
DirectorCEO10% Owner
Transactions
- Award
Common Stock
2024-04-16+77,964,895→ 77,964,895 total - Award
Common Stock
2024-04-16+18,799,432→ 18,799,432 total(indirect: By Spouse)
Footnotes (6)
- [F1]Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of April 27, 2023, by and among the Issuer, ARAC Merger Sub, Inc., a wholly-owned subsidiary of the Issuer ("Merger Sub") and iLearningEngines Holdings, Inc. ("Legacy iLearningEngines"), whereby Merger Sub merged with and into Legacy iLearningEngines with the separate corporate existence of Merger Sub ceasing and Legacy iLearningEngines continuing as the surviving corporation and a wholly-owned subsidiary of Issuer (the "Merger").
- [F2]Includes 27,590,898 shares of restricted stock which vest in 10 equal annual installments beginning on April 16, 2025. Under the terms of the relevant restricted stock purchase agreement, the relevant reported shares of restricted stock may not be transferred without the consent of the Issuer and are subject to a repurchase right in favor of the Issuer.
- [F3]Received in exchange for 62,487,282 shares of Common Stock and 34,225,600 shares of Restricted Common Stock of Legacy iLearningEngines in connection with the Merger (as described in footnote 1).
- [F4]Includes 4,561,014 shares of restricted stock which vest in 10 equal annual installments beginning on April 16, 2025. Under the terms of the relevant restricted stock purchase agreement, the relevant reported shares of restricted stock may not be transferred without the consent of the Issuer and are subject to a repurchase right in favor of the Issuer.
- [F5]Received in exchange for 17,662,288 shares of Common Stock and 5,657,788 shares of Restricted Common Stock of Legacy iLearningEngines in connection with the Merger (as described in footnote 1).
- [F6]The securities are held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Documents
Issuer
iLearningEngines, Inc.
CIK 0001835972
Entity typeother
Related Parties
1- filerCIK 0002009917
Filing Metadata
- Form type
- 4
- Filed
- Apr 17, 8:00 PM ET
- Accepted
- Apr 18, 9:38 PM ET
- Size
- 8.4 KB