Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. )*
Under the Securities Exchange Act of 1934
Seven Oaks Acquisition Corp.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Titles of Class of Securities)
81787X 106
(CUSIP Number)
December 31, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
* The remainder of this cover page shall be filled out of a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 81787X 106 | Schedule 13G | ||||
| 1 |
NAME OF REPORTING PERSON
Seven Oaks Sponsor LLC | ||||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ | ||||
| 3 | SEC USE ONLY | ||||
| 4 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||||
|
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER - 0 - | |||
| 6 | SHARED VOTING POWER 6,468,750 (1)(2)(3) | ||||
| 7 |
SOLE DISPOSITIVE POWER
- 0 - | ||||
| 8 | SHARED
DISPOSITIVE POWER 6,468,750 (1)(2)(3) | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,468,750 (1)(2)(3) | ||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 20.0% (4) | ||||
| 12 |
TYPE OF REPORTING PERSON
OO | ||||
(1) The securities are held directly by Seven Oaks Sponsor LLC (the “Sponsor”) and indirectly by Gary Matthews and Mark Hauser, each of whom is a member and a manager of the Sponsor and has voting and dispositive power over the securities held directly by the Sponsor. As a result, Messrs. Matthews and Hauser may be deemed to have beneficial ownership of the securities held directly by the Sponsor.
(2) The Sponsor owns 6,468,750 shares of Class B Common Stock, par value $0.0001 per share (“Class B Common Stock”), of Seven Oaks Acquisition Corp. (the “Issuer”), which are convertible into shares of Class A Common Stock, par value $0.0001 per share ( “Class A Common Stock”), of the Issuer, as described under the heading “Description of Securities—Common Stock—Founder Shares” in the Issuer’s registration statement on Form S-1 (File Nos. 333-251062 and 333-251447) (the “Registration Statement”).
(3) Excludes 5,587,500 shares of Class A Common Stock issuable upon the exercise of 5,587,500 private placement warrants of the Issuer. Each private placement warrant is exercisable to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment, becomes exercisable 30 days after the completion of the Issuer’s initial business combination and expires five years after the completion of the Issuer’s initial business combination or earlier upon redemption or liquidation, as described under the heading “Description of Securities—Warrants—Private Placement Warrants” in the Registration Statement.
(4) Based on 25,875,000 shares of Class A Common Stock and 6,468,750 shares of Class B Common Stock outstanding as of December 17, 2020, as reported by the Issuer in its prospectus filed with the U.S. Securities and Exchange Commission on December 21, 2020.
| CUSIP No. 81787X 106 | Schedule 13G | ||||
| 1 |
NAME OF REPORTING PERSON
Gary Matthews | ||||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ | ||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||
|
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER - 0 - | |||
| 6 | SHARED VOTING POWER 6,468,750 (1)(2) | ||||
| 7 |
SOLE DISPOSITIVE POWER
- 0 - | ||||
| 8 | SHARED DISPOSITIVE POWER 6,468,750 (1)(2) | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,468,750 (1)(2) | ||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 20% (3) | ||||
| 12 |
TYPE OF REPORTING PERSON
IN | ||||
(1) The securities are held directly by the Sponsor and indirectly by Gary Matthews and Mark Hauser, each of whom is a member and a manager of the Sponsor and has voting and dispositive power over the securities held directly by the Sponsor. As a result, Messrs. Matthews and Hauser may be deemed to have beneficial ownership of the securities held directly by the Sponsor.
(2) Excludes 5,587,500 shares of Class A Common Stock issuable upon the exercise of 5,587,500 private placement warrants of the Issuer. Each private placement warrant is exercisable to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment, becomes exercisable 30 days after the completion of the Issuer’s initial business combination and expires five years after the completion of the Issuer’s initial business combination or earlier upon redemption or liquidation, as described under the heading “Description of Securities—Warrants—Private Placement Warrants” in the Registration Statement.
(3) Based on 25,875,000 shares of Class A Common Stock and 6,468,750 shares of Class B Common Stock outstanding as of December 17, 2020, as reported by the Issuer in its prospectus filed with the U.S. Securities and Exchange Commission on December 21, 2020.
| CUSIP No. 81787X 106 | Schedule 13G | ||||
| 1 |
NAME OF REPORTING PERSON
Mark Hauser | ||||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ | ||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||
|
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER - 0 - | |||
| 6 | SHARED VOTING POWER 6,468,750 (1)(2) | ||||
| 7 |
SOLE DISPOSITIVE POWER
- 0 - | ||||
| 8 | SHARED DISPOSITIVE POWER 6,468,750 (1)(2) | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,468,750 (1)(2) | ||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 20% (3) | ||||
| 12 |
TYPE OF REPORTING PERSON
IN | ||||
(1) The securities are held directly by the Sponsor and indirectly by Gary Matthews and Mark Hauser, each of whom is a member and a manager of the Sponsor and has voting and dispositive power over the securities held directly by the Sponsor. As a result, Messrs. Matthews and Hauser may be deemed to have beneficial ownership of the securities held directly by the Sponsor.
(2) Excludes 5,587,500 shares of Class A Common Stock issuable upon the exercise of 5,587,500 private placement warrants of the Issuer. Each private placement warrant is exercisable to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment, becomes exercisable 30 days after the completion of the Issuer’s initial business combination and expires five years after the completion of the Issuer’s initial business combination or earlier upon redemption or liquidation, as described under the heading “Description of Securities—Warrants—Private Placement Warrants” in the Registration Statement.
(3) Based on 25,875,000 shares of Class A Common Stock and 6,468,750 shares of Class B Common Stock outstanding as of December 17, 2020, as reported by the Issuer in its prospectus filed with the U.S. Securities and Exchange Commission on December 21, 2020.
Item 1(a). Name of Issuer:
Seven Oaks Acquisition Corp.
Item 1(b). Address of Issuer’s Principal Executive Offices:
445 Park Avenue, 17th Floor
New York, NY 10022
Item 2(a). Name of Person Filing:
This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
| 1. | Seven Oaks Sponsor LLC |
| 2. | Gary Matthews |
| 3. | Mark Hauser |
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal business address of each of the Reporting Persons is as follows:
445 Park Avenue, 17th Floor
New York, NY 10022
Item 2(c). Citizenship:
See responses to Item 4 on each cover page.
Item 2(d). Titles of Classes of Securities:
Class A Common Stock, par value $0.0001 per share.
Item 2(e). CUSIP Number:
81787X 106
| Item 3. |
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n): |
| (a) | ¨ | Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o). | |
| (b) | ¨ | Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). | |
| (c) | ¨ | Insurance company as defined in Section 3(a)(19) of the Exc hange Act (15 U.S.C. 78c). | |
| (d) | ¨ | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | |
| (e) | ¨ | Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). | |
| (f) | ¨ | Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). | |
| (g) | ¨ | Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). | |
| (h) | ¨ | Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). | |
| (i) | ¨ | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). |
| (j) | ¨ | Non-U.S. institution, in accordance with § 240.13d-1(b)(1)(ii)(J). | |
| (k) | ¨ | Group in accordance with §240.13d-1(b)(1)(ii)(K). | |
| If filing as a non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: ______________ .. | |||
Item 4. Ownership
| (a) | Amount beneficially owned: |
See responses to Item 9 on each cover page.
| (b) | Percent of class: |
See responses to Item 11 on each cover page.
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: |
See responses to Item 5 on each cover page.
| (ii) | Shared power to vote or to direct the vote: |
See responses to Item 6 on each cover page.
| (iii) | Sole power to dispose or to direct the disposition of: |
See responses to Item 7 on each cover page.
| (iv) | Shared power to dispose or to direct the disposition of: |
See responses to Item 8 on each cover page.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 16, 2021
| Seven Oaks Sponso r LLC | ||
| By: | /s/ Gary Matthews | |
| Name: Gary Matthews | ||
| Title: Manager | ||
| /s/ Gary Matthews | ||
| Gary Matthews | ||
| /s/ Mark Hauser | ||
| Mark Hauser | ||
Exhibit 1
JOINT FILING AGREEMENT
This joint filing agreement (this “Agreement”) is made and entered into as of this 16th day of February, 2021, by and among Seven Oaks Sponsor LLC, Gary Matthews and Mark Hauser.
The parties to this Agreement hereby acknowledge and agree that the foregoing statement on Schedule 13G in respect of the shares of Class A Common Stock, par value $0.0001 per share, of Seven Oaks Acquisition Corp. (to which this Agreement is an exhibit) is filed on behalf of each of the parties to this Agreement and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The parties to this Agreement acknowledge that each shall be responsible for the timely filing of the Schedule 13G and any such amendments thereto, and for the completeness and accuracy of the information concerning him or it contained herein or therein, but shall not be responsible for the completeness and accuracy of the information concerning the other persons making the filing, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
This agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.
| Seven Oaks Sponsor LLC | ||
| By: | /s/ Gary Matthews | |
| Name: Gary Matthews | ||
| Title: Manager | ||
| /s/ Gary Matthews | ||
| Gary Matthews | ||
| /s/ Mark Hauser | ||
| Mark Hauser | ||