CFAC Holdings VI, LLC - Sep 16, 2022 Form 4 Insider Report for Rumble Inc. (RUM)

Role
Former 10% holder
Signature
/s/ Howard Lutnick, as Chief Executive Officer of CFAC Holdings VI, LLC
Stock symbol
RUM
Transactions as of
Sep 16, 2022
Transactions value $
$11,590,000
Form type
4
Date filed
9/20/2022, 04:31 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUM Class A common stock Purchase $11.6M +1.16M $10.00 1.16M Sep 16, 2022 Direct F1, F5
transaction RUM Class A common stock Purchase +1.88M +161.78% 3.03M Sep 16, 2022 Direct F2, F5
transaction RUM Class A common stock Disposed to Issuer $0 +7.48M +246.54% $0.00 10.5M Sep 16, 2022 Direct F3, F5
transaction RUM Class A common stock Disposed to Issuer $0 +700K +6.66% $0.00 11.2M Sep 16, 2022 Direct F4, F5

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 RUM Class B Common Stock Disposed to Issuer $0 -7.48M -100% $0.00* 0 Sep 16, 2022 Class A Common Stock 7.48M Direct F3, F5
transaction RUM Warrants Disposed to Issuer -375K -50% 375K Sep 16, 2022 Class A Common Stock 375K $11.50 Direct F2, F5
transaction RUM Warrants Disposed to Issuer -175K -24.14% 550K Sep 16, 2022 Class A Common Stock 175K $11.50 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

CFAC Holdings VI, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Subscription Agreement, dated December 1, 2021, by and between the issuer and CFAC Holdings VI, LLC (the "Sponsor"), and certain assignment agreements dated September 14 and 15, 2022, the Sponsor purchased an aggregate of 1,159,000 shares of Class A common stock, par value $0.0001 per share, of the issuer ("Class A Common Stock") on September 16, 2022 in a private placement that consummated in connection with the issuer's initial business combination with Rumble Inc., an Ontario corporation ("Legacy Rumble")
F2 Pursuant to that certain Forward Purchase Contract, dated February 18, 2021, by and between the issuer and the Sponsor, the Sponsor purchased an aggregate of 1,875,000 shares of Class A Common Stock and 375,000 warrants (each, a "Warrant"), each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share.
F3 As described in the issuer's registration statement on Form S-1 (File No. 333-252598) under the heading "Description of Securities--Founder Shares", upon consummation of the issuer's initial business combination and waiver of the Sponsor's anti-dilution rights in connection with the conversion, the shares of Class B common stock converted into shares of Class A common stock on a one-for-one basis.
F4 These shares represent shares of Class A common stock issued to the Sponsor upon separation of the 700,000 private placement units previously purchased by the Sponsor from the issuer in February 2021, each unit comprised of one share of common stock and one-fourth of one Warrant. The Sponsor acquired the private placement units for a purchase price of $10.00 per unit in a private placement that consummated in connection with the issuer's initial public offering.
F5 The Sponsor is the record holder of the securities reported herein. Cantor Fitzgerald, L.P. ("Cantor") is the sole member of the Sponsor. CF Group Management, Inc. ("CFGM") is the managing general partner of Cantor. Mr. Lutnick is the trustee of the sole stockholder of CFGM. As such, each of Cantor, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the securities directly held by the Sponsor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.