Peter Levy - Jul 2, 2021 Form 4 Insider Report for RumbleON, Inc. (RMBL)

Role
Chief Operating Officer, Director
Signature
/s/ Peter Levy
Stock symbol
RMBL
Transactions as of
Jul 2, 2021
Transactions value $
$0
Form type
4
Date filed
7/7/2021, 09:23 PM
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMBL Class B Common Stock Options Exercise +188 +2.21% 8.69K Jul 2, 2021 Direct F1

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 RMBL Restricted stock units Options Exercise $0 -188 -13.07% $0.00 1.25K Jul 2, 2021 Class B Common Stock 188 Direct F2, F3, F4
holding RMBL Restricted stock units 16.3K Jul 2, 2021 Class B common stock 16.3K Direct F2, F5, F6
holding RMBL Restricted stock units 66.7K Jul 2, 2021 Class B common stock 66.7K Direct F2, F5, F7
holding RMBL Restricted stock units 1.25K Jul 2, 2021 Class B common stock 1.25K Direct F2, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of RumbleOn, Inc. ("RMBL") Class B Common Stock received upon vesting of Restricted Stock Units ("RSUs"). The shares were delivered on July 2, 2021.
F2 Each RSU represents a contingent right to receive one share of RMBL Class B Common Stock.
F3 These RSUs were granted on August 22, 2019.
F4 The RSUs vest (1) 20% on the last day of the ninth month following the grant date, (2) 7.5% every three months on the last day of each three month period beginning on the last day of the twelfth month following the grant date through the last of the twenty-first month following the grant date and (3) 12.5% every three months on the last day of each three month period beginning on the last day of the twenty-fourth month following the grant date through the last day of the thirty-first month following the grant date.
F5 These RSUs were approved by the compensation committee of the board of directors of RMBL on July 15, 2020, subject to shareholder approval of the amendment to the RumbleOn, Inc. 2017 Stock Incentive Plan stock under which the RSUs were granted and ratification of this RSU award. RMBL shareholders approved the plan on August 25, 2020.
F6 These RSUs vest (1) 20.0% on the thirteenth month after the grant date, (2) an additional 30.0% during the subsequent twelve months of the initial vesting, and (3) the final 50.0% during the following twelve months.
F7 These RSUs vest as follows: one third shall vest on the first trading day after the RMBL's Class B Common Stock closes at a stock price of $50 per share or greater for 30 consecutive trading days; one third shall vest on the first trading day after the RMBL's Class B Common Stock closes at a stock price of $100 per share or greater for 30 consecutive trading days; and one third shall vest on the first trading day after the RMBL's Class B Common stock closes at a stock price of $200 per share or greater for 30 consecutive trading days. These RSUs have a term of 30 months.
F8 These RSUs were granted on June 25, 2018.
F9 The RSUs vest (1) 20% on the last day of the thirteenth month following the grant date, (2) 2.5% monthly on the last day of each month beginning on the last day of the fourteenth month following the grant date through the last of the twenty-fifth month following the grant date and (3) 4.17% monthly on the last day of each month beginning on the last day of the twenty-sixth month following the grant date through the last day of the thirty-seventh month following the grant date.