11/15/2024 | Press release | Distributed by Public on 11/15/2024 16:54
FORM 4
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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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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) |
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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 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 |
/s/ Jonathan Gelfand, Attorney-in-Fact for Bradley Ramberg | 11/15/2024 |
**Signature of Reporting Person | Date |
* | 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 |