Ryan Milnes - Nov 27, 2023 Form 4 Insider Report for Rumble Inc. (RUM)

Role: Director, 10%+ Owner
Signature: /s/ Sergey Milyukov, as Attorney-in-Fact
Stock symbol: RUM
Transactions as of: Nov 27, 2023
Transactions value $: -$5,115,990
Form type: 4
Date filed: 11/29/2023, 04:01 PM
Previous filing: Nov 24, 2023
Next filing: Dec 8, 2023

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	-$5.12M	-1.1M	-96.79%	$4.65	36.5K	Nov 27, 2023	See footnote	F1, F2
transaction	RUM	Class A Common Stock, par value $0.0001 per share	Conversion of derivative security	$0	+1.1M	+3014.44%	$0.00	1.14M	Nov 29, 2023	See footnote	F2, F3
transaction	RUM	Class C Common Stock, par value $0.0001 per share	Other	$0	-1.1M	-2.24%	$0.00	48.1M	Nov 29, 2023	See footnote	F2, 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	Exchangeable Shares	Conversion of derivative security	$0	-1.1M	-2.24%	$0.00	48.1M	Nov 29, 2023	Class A Common Stock, par value $0.0001 per share	1.1M	$0.00	See footnote	F2, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 8,867 restricted stock units of the Issuer that previously vested and 27,624 restricted stock units of the Issuer vesting on June 14, 2024.
F2	2286404 Ontario Inc. ("Ontario") is the record holder of the shares. Ontario is wholly owned by Ryan Milnes and therefore, Mr. Milnes has voting and dispositive power over such shares and may be deemed to beneficially own such shares. The business address of Ontario is 2286404 Ontario Inc., PO Box 20112 Bayfield North, Barrie, Ontario, L4M6E9, Canada.
F3	Represents the exchange (on a 1-for-1 basis) by the Reporting Person of Exchangeable Shares issued by 1000045728 Ontario Inc. ("ExchangeCo"), a corporation formed under the laws of the Province of Ontario, Canada, and an indirect subsidiary of the Issuer, for shares of Class A Common Stock of the Issuer ("Class A Common Stock").
F4	In connection with the exchange, an equivalent number of voting, non-economic shares of Class C Common Stock of the Issuer ("Class C Common Stock") held by the Reporting Person were cancelled by the Issuer.
F5	Includes 16,560,185 shares of Class C Common Stock that are subject to the vesting and forfeiture requirements specified in the Business Combination Agreement, dated as of December 1, 2021 (the "BCA"), by and between the Issuer (f/k/a CF Acquisition Corp. VI) and Rumble Canada Inc. (f/k/a Rumble Inc.).
F6	Consists of Exchangeable Shares issued by ExchangeCo. Includes 16,560,185 Exchangeable Shares that are subject to the vesting and forfeiture requirements specified in the BCA. Each Exchangeable Share is exchangeable at the election of the holder thereof for one share of Class A Common Stock. The Exchangeable Shares are currently exercisable and have no expiration date.