David O. Sacks - Apr 4, 2024 Form 4 Insider Report for Rumble Inc. (RUM)

Role
Director
Signature
/s/ David Sacks
Stock symbol
RUM
Transactions as of
Apr 4, 2024
Transactions value $
-$4,585,715
Form type
4
Date filed
4/8/2024, 07:41 PM
Previous filing
Aug 21, 2023
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$953K -142K -17.67% $6.71 662K Apr 4, 2024 See footnote F1, F2, F3, F4
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$12.1K -1.81K -17.66% $6.71 8.42K Apr 4, 2024 See footnote F1, F2, F5, F6
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$282K -42K -17.05% $6.71 204K Apr 4, 2024 See footnote F1, F2, F7, F8
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$1.89M -293K -44.27% $6.46 369K Apr 5, 2024 See footnote F1, F3, F4, F9
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$24.1K -3.73K -44.26% $6.46 4.69K Apr 5, 2024 See footnote F1, F5, F6, F9
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$560K -86.7K -42.4% $6.46 118K Apr 5, 2024 See footnote F1, F7, F8, F9
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$660K -102K -27.74% $6.45 267K Apr 8, 2024 See footnote F1, F3, F4, F10
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$8.4K -1.3K -27.75% $6.45 3.39K Apr 8, 2024 See footnote F1, F5, F6, F10
transaction RUM Class A Common Stock, par value $0.0001 per share Sale -$195K -30.3K -25.71% $6.45 87.5K Apr 8, 2024 See footnote F1, F7, F8, F10
holding RUM Class A Common Stock, par value $0.0001 per share 552K Apr 4, 2024 Direct F11
holding RUM Class A Common Stock, par value $0.0001 per share 25.2K Apr 4, 2024 See footnote F12, F13
holding RUM Class A Common Stock, par value $0.0001 per share 99.8K Apr 4, 2024 See footnote F12, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These sales were effected by Craft Ventures II, L.P. ("Craft Ventures II"), Craft Ventures Affiliates II, L.P. ("Craft Affiliates") and Craft Ventures III, L.P. ("Craft Ventures III") pursuant to Rule 10b5-1 trading plans adopted on December 15, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.65 to $6.86, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 Includes 264,853 shares of Class A Common Stock subject to the vesting and forfeiture requirements specified in the Business Combination Agreement, dated as of December 1, 2021, by and between CF Acquisition Corp. VI (n/k/a Rumble Inc.) and Rumble Inc. (n/k/a Rumble Canada Inc.) (the "Business Combination Agreement").
F4 Represents shares held directly by Craft Ventures II. Craft Ventures GP II, LP ("Craft GP II") is the general partner of Craft GP II, and Mr. Sacks is a managing member of Craft GP II. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F5 Includes 3,369 shares of Class A Common Stock subject to the vesting and forfeiture requirements specified in the Business Combination Agreement.
F6 Represents shares held directly by Craft Affiliates. Craft GP II is the general partner of Craft Affiliates. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F7 Includes 86,434 shares of Class A Common Stock that are issuable upon achievement of specified milestones pursuant to that certain Agreement and Plan of Merger, dated May 15, 2023, by and among Rumble, Inc., CallIn Corp. and certain other parties (the "CallIn Merger Agreement").
F8 Represents shares held directly by Craft Ventures III. Craft Ventures GP III, LP ("Craft GP III") is the general partner of Craft Ventures III and Mr. Sacks is a managing member of Craft GP III. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.30 to $6.61, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.215 to $6.58, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F11 Includes (i) 517,576 shares of Class A Common Stock that are issuable upon achievement of specified milestones pursuant to the CallIn Merger Agreement and (ii) 34,530 shares of Class A Common Stock underlying restricted stock units of the Issuer vesting on June 14, 2024.
F12 All such shares of Class A Common Stock are issuable upon achievement of specified milestones pursuant to the CallIn Merger Agreement.
F13 Represents shares held directly by Craft Ventures Partners III, LLC ("Craft Partners III"). Mr. Sacks is the sole member of Craft Partners III. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F14 Includes 33,270 shares of Class A Common Stock held by each of the Sacks Family 2021 Irrevocable Trust fbo Leighton Natalee Sacks, the Sacks Family 2021 Irrevocable Trust fbo Reagan Nicolette Sacks and Sacks Family 2021 Irrevocable Trust fbo Xavier Xander Sacks. Mr. Sacks disclaims beneficial ownership of these securities for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.