The Beachbody Company Inc.

11/15/2024 | Press release | Distributed by Public on 11/15/2024 16:54

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Ramberg Bradley
2. Issuer Name and Ticker or Trading Symbol
Beachbody Company, Inc. [BODY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
C/O THE BEACHBODY COMPANY, INC., 400 CONTINENTAL BLVD., SUITE 400
3. Date of Earliest Transaction (Month/Day/Year)
11/13/2024
(Street)
EL SEGUNDO, CA 90245
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy Class A Common Stock) $17.35(2) 11/13/2024 D(1) 1,558 (3) 06/15/2030 Class A Common Stock 1,558(2) $ 0 0 D
Stock Option (Right to Buy Class A Common Stock) $6.43(1) 11/13/2024 A(1) 1,558 (3) 06/15/2030 Class A Common Stock 1,558(2) $ 0 1,558 D
Stock Option (Right to Buy Class A Common Stock) $17.35(2) 11/13/2024 D(1) 671 (4) 07/01/2031 Class A Common Stock 671(2) $ 0 0 D
Stock Option (Right to Buy Class A Common Stock) $6.43(1) 11/13/2024 A(1) 671 (4) 07/01/2031 Class A Common Stock 671(2) $ 0 671 D
Stock Option (Right to Buy Class A Common Stock) $17.35(2) 11/13/2024 D(1) 3,000 (5) 05/14/2032 Class A Common Stock 3,000(2) $ 0 0 D
Stock Option (Right to Buy Class A Common Stock) $6.43(1) 11/13/2024 A(1) 3,000 (5) 05/14/2032 Class A Common Stock 3,000(2) $ 0 3,000 D
Stock Option (Right to Buy Class A Common Stock) $15(2) 11/13/2024 D(1) 1,600 (6) 10/14/2033 Class A Common Stock 1,600(2) $ 0 0 D
Stock Option (Right to Buy Class A Common Stock) $6.43(1) 11/13/2024 A(1) 1,600 (6) 10/14/2033 Class A Common Stock 1,600(2) $ 0 1,600 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ramberg Bradley
C/O THE BEACHBODY COMPANY, INC.
400 CONTINENTAL BLVD., SUITE 400
EL SEGUNDO, CA 90245
See Remarks

Signatures

/s/ Jonathan Gelfand, Attorney-in-Fact for Bradley Ramberg 11/15/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents a modification of certain outstanding stock options by the Company's board on September 19, 2024 to reprice the option exercise price, reflected herein as a cancellation of the old option (with an exercise price as shown) in exchange for a new option with an exercise price of $6.43, based on the closing price of the Company's common stock on the November 13, 2024 effective date of the repricing.
(2) Reflects the total number of shares subject to the option and the exercise price after giving effect to the Company's 1-for-50 reverse stock split effective on November 21, 2023.
(3) The stock options became fully vested as of June 16, 2024.
(4) The stock options vest in increments of 25% per year on the first four anniversaries of the stock option grant date of July 2, 2021, subject to continued employment through the vest date.
(5) The stock options vest in increments of 25% per year on the first four anniversaries of the stock option grant date of May 15, 2022, subject to continued employment through the vest date.
(6) The stock options vest in increments of 25% per year on the first four anniversaries of the stock option grant date of October 15, 2023, subject to continued employment through the vest date.

Remarks:
Interim Chief Financial Officer
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