4//SEC Filing
Banker Sanjay D 4
Accession 0001819395-24-000100
CIK 0001819395other
Filed
Nov 7, 7:00 PM ET
Accepted
Nov 8, 4:17 PM ET
Size
6.6 KB
Accession
0001819395-24-000100
Insider Transaction Report
Form 4
Banker Sanjay D
Director
Transactions
- Award
Series A Convertible Preferred Stock
2024-11-06$1.00/sh+71,000$71,000→ 100,000 total→ Common Stock (71,000 underlying)
Footnotes (3)
- [F1]The Series A Convertible Preferred Stock, par value $0.0001 per share, of the Issuer, is convertible into a number of shares of common stock equal to (x) the liquidation preference, plus an amount equal to all accumulated and unpaid dividends on such shares (including dividends accrued and unpaid on previously unpaid dividends) divided by (y) a conversion price of the lower of (i) $1.00 and (ii) a 10% discount to the lowest daily VWAP of the common stock in the 7 trading days prior to the date of conversion, subject to a minimum conversion price of $0.50. The number of shares of common stock and Series A Convertible Preferred Stock included herein excludes any shares of Series A Convertible Preferred Stock issuable with respect to accrued and unpaid dividends and shares of common stock issuable upon the conversion thereof.
- [F2]The shares of Series A Convertible Preferred Stock were immediately convertible into shares of common stock upon their issuance on November 6, 2024.
- [F3]The conversion rights of the Series A Convertible Preferred Stock do not expire.
Documents
Issuer
Sonder Holdings Inc.
CIK 0001819395
Entity typeother
Related Parties
1- filerCIK 0001866359
Filing Metadata
- Form type
- 4
- Filed
- Nov 7, 7:00 PM ET
- Accepted
- Nov 8, 4:17 PM ET
- Size
- 6.6 KB