Madrone Capital Partners, Llc - Oct 25, 2022 Form 4 Insider Report for View, Inc. (VIEW)

Role
10%+ Owner
Signature
Madrone Capital Partners, LLC, By /s/ Thomas Patterson, Manager
Stock symbol
VIEW
Transactions as of
Oct 25, 2022
Transactions value $
$16,773,000
Form type
4
Date filed
11/13/2023, 05:29 PM
Previous filing
Feb 16, 2022
Next filing
Dec 29, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VIEW 6.0% / 9.0% Convertible Senior PIK Toggle Notes due 2027 Purchase $16.8M $16.8M Oct 25, 2022 Class A Common Stock 209K $80.25 By Madrone Partners, L.P. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 26, 2022, the Reporting Person purchased $16,773,000 aggregate principal amount of the Issuers 6.00% / 9.00% Convertible Senior PIK Toggle Notes due 2027 (the "Note"). The principal amount of the Note was initially convertible into an aggregate of 209,009 shares of Class A Common Stock, based on an initial conversion rate of 12.46106 shares of Class A Common Stock per $1,000 principal amount of the Note (equivalent to a conversion price of approximately $80.25 per share), subject to certain adjustments as provided in the Indenture (in each, case after giving effect to the reverse stock split described in footnote 2). All conversions are subject to the potential increase in the conversion rate in accordance with the indenture governing the notes.
F2 On July 23, 2023, the Issuer effected a one-for-60 reverse split of its Class A Common Stock (the "Reverse Stock Split"). The number of securities reported herein reflects the Reverse Stock Split.
F3 The securities are directly held by Madrone Partners, L.P. ("Madrone"). Madrone Capital Partners, LLC ("Madrone GP") is the general partner of Madrone. Greg Penner, Jameson McJunkin and Thomas Patterson are the managers of Madrone GP and may be deemed to share voting and dispositive power over the securities held by Madrone. Each of Madrone GP and Messrs. Penner, McJunkin and Patterson disclaims beneficial ownership of these securities except to the extent of its or his respective pecuniary interest therein.