Prashant Pathak - Feb 22, 2024 Form 4 Insider Report for PARTS iD, Inc. (ID)

Role
Director
Signature
/s/ Prashant Pathak
Stock symbol
ID
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/22/2024, 05:30 PM
Previous filing
Sep 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ID Class A Common Stock Disposed to Issuer $0 -65.3K -100% $0.00* 0 Feb 22, 2024 Direct F1, F2
transaction ID Class A Common Stock Disposed to Issuer $0 -14.2M -100% $0.00* 0 Feb 22, 2024 By Onyx Enterprises Canada Inc. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Prashant Pathak is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On December 26, 2023, PARTS iD, Inc. (the "Issuer") and certain subsidiary PARTS iD, LLC (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On February 5, 2024, the Bankruptcy Court entered an order confirming the Debtors' Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the "Plan"), and on February 22, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.
F2 On the Effective Date, all of the Company's previously outstanding shares of Class A common stock, including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
F3 Such shares of Class A common stock were held by Onyx Enterprises Canada Inc. Mr. Pathak serves as the President and a director of Onyx Enterprises Canada Inc. Mr. Pathak disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.