Sec Form 13D Filing - RPIII RAINSANITY LP @ Beachbody Company Inc.

Sec Form 13D Filing - RPIII RAINSANITY LP filing for Beachbody Company Inc. (BODY) - 2024-11-08

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.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

Link

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

The Beachbody Company, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

34619R102

(CUSIP Number)

Alfred J. Chianese, Esq.

The Raine Group LLC

65 East 55th Street, 24th Floor

New York, NY 10022

(212) 603-5554

with a copy to:

Stephen B. Amdur

Pillsbury Winthrop Shaw Pittman LLP

31 West 52nd Street

New York, NY 10019

(212) 858-1000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 4, 2024

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

*	The remainder of this cover page shall be filled out for 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 on 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 (“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. 34619R102		Schedule 13D		Page 1 of 11


(1)		Names of reporting persons RPIII Rainsanity LP
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Delaware, USA


CUSIP No. 34619R102		Schedule 13D		Page 2 of 11


(1)		Names of reporting persons RPIII Rainsanity Co-Invest 1 LLC
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Delaware, USA


CUSIP No. 34619R102		Schedule 13D		Page 3 of 11


(1)		Names of reporting persons RPIII Corp SPV Management LLC
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Delaware, USA


CUSIP No. 346 19R102		Schedule 13D		Page 4 of 11


(1)		Names of reporting persons RPIII Corp Aggregator LP
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Delaware, USA


CUSIP No. 34619R102		Schedule 13D		Page 5 of 11


(1)		Names of reporting persons Raine Associates III Corp (AIV 2) GP LP
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Cayman Islands


CUSIP No. 34619R102		Schedule 13D		Page 6 of 11


(1)		Names of reporting persons Raine Management LLC
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Delaware, USA


CUSIP No. 34619R102		Schedule 13D		Page 7 of 11


(1)		Names of reporting persons The Raine Group LLC
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Delaware, USA


CUSIP No. 34619R102		Schedule 13D		Page 8 of 11


(1)		Names of reporting persons Raine Holdings LLC
(2)		Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
(3)		SEC use only
(4)		Source of funds (see instructions): OO
(5)		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
(6)		Citizenship or place or organization Delaware, USA


CUSIP No. 34619R102		Schedule 13D		Page 9 of 11

This Amendment No. 3 (“Amendment No. 3”) amends and supplements the Schedule 13D filed on July 6, 2021, as amended (the “Original Schedule 13D”). The Original Schedule 13D and this Amendment No. 3 are collectively referred to herein as the “Schedule 13D”. Capitalized terms used but not defined in this Amendment No. 3 shall have the meanings given to them in the Original Schedule 13D. The Original Schedule 13D remains in full force and effect, except as specifically amended by this Amendment No. 3.

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby replaced in its entirety with the following:

The information contained in Item 3 of this Schedule 13D is incorporated by reference herein.

(a), (b) The responses of the Reporting Persons with respect to Rows 7 through 13 of the respective cover pages of the individual Reporting Persons to this Schedule 13D are incorporated herein by reference.

The Reporting Persons’ aggregate percentage of beneficial ownership is approximately 16.0% of the outstanding shares of the Class A Common Stock. Calculations of the percentage of the shares of Class A Common Stock beneficially owned assumes 4,187,168 shares of Class A Common Stock outstanding, based on information included in the Issuer’s Quarterly Report on Form 10-Q filed on August 6, 2024.

John S. Salter has received and may continue to receive customary grants of equity for his service as a director of the Issuer, payable in the form of stock options or restricted stock units. Mr. Salter has assigned all rights, title, and interest in a portion of such equity to Raine Group or its affiliates and such equity is attributed to Raine Group and Raine Holdings, which amount includes 4,331 RSUs that have been granted to Mr. Salter and vested or will vest within 60 days.


Reporting Person	Sole power to vote or to direct the vote			Shared power to vote or to direct the vote		Sole power to dispose or to direct the disposition		Shared power to dispose or to direct the disposition		Percent of Class
Raine Holdings LLC		0			675,398		0		675,398		16.1	%
The Raine Group LLC		0			675,398		0		675,398		16.1	%
Raine Management LLC		0			671,067		0		671,067		16.0	%
Raine Associates III Corp (AIV 2) GP LP (Cayman)		0			671,067		0		671,067		16.0	%
RPIII Corp Aggregator LP		0			671,067		0		671,067		16.0	%
RPIII Corp SPV Management LLC		0			671,067		0		671,067		16.0	%
RPIII Rainsanity LP		0			671,067		0		671,067		16.0	%
RPIII Rainsanity Co-Invest 1 LLC		0	< /td>		0		0		0		0.0	%

Rainsanity is the record holder of 671,067 shares of Class A Common Stock. SPV Management is the general partner of Rainsanity. Corp Aggregator is the sole manager of SPV Management. Raine Associates is the general partner of Corp Aggregator. Raine Management is the general partner of Raine Associates. Raine Group is the manager of Raine Management. John Salter has assigned his entire interest in 4,331 RSUs convertible into Class A Common Stock to Raine Group. Raine Holdings is the majority member of Raine Group. Accordingly, each of Raine Group, Raine Holdings, Raine Associates, Raine Management, SPV Management and Corp Aggregator may be deemed to beneficially own the shares of Class A Common Stock held of record by Rainsanity.

Each of the Reporting Persons expressly disclaims beneficial ownership of all of the shares of Class A Common Stock included in this Schedule 13D, other than the shares of Class A Common Stock held of record by such Reporting Person, and the filing of this Schedule 13D shall not be construed as an admission that any such person is, for the purposes of sections 13(d) or 13(g) of the Act the beneficial owner of any securities covered by this Schedule 13D.


CUSIP No. 34619R102		Schedule 13D		Page 10 of 11

(c) Except as set forth in this Schedule 13D, none of the Reporting Persons nor, to the best of its knowledge, any of the Covered Persons has engaged in any transaction with respect to the Class A Common Stock during the sixty days prior to the date of filing of this Amendment No. 3.

(d) To the best knowledge of the Reporting Persons, no one other than the Reporting Persons, or the partners, members, affiliates or shareholders of the Reporting Persons, is known to have the right to receive, or the power to direct the receipt of, dividends from, or proceeds from the sale of, the shares of Class A Common Stock reported herein as beneficially owned by the Reporting Persons.

(e) RPIII Co-Invest 1 no longer beneficially owns any Class A Common Stock as of November 4, 2024. The filing of this Amendment No. 3 constitutes an exit filing for RPIII Co-Invest 1.

Item 7. Materials to be Filed as Exhibits.


Exhibit No.		Description

Exhibit 99.1		Joint Filing Agreement, dated February 1, 2023 (incorporated by reference to Exhibit 99.1 to Amendment No. 1 to the Schedule 13D filed by the Reporting Persons on February 1, 2023).


CUSIP No. 34619R102		Schedule 13D		Page 11 of 11

SIGNATURES

After reasonable inquiry and to the best knowledge and belief of the undersigned, such person certifies that the information set forth in this Statement with respect to such person is true, complete and correct.

Dated: November 4, 2024


RPIII RAINSANITY LP

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

RPIII RAINSANITY CO-INVEST 1 LLC

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

RPIII CORP SPV MANAGEMENT LLC

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

RPIII CORP AGGREGATOR LP

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

RAINE ASSOCIATES III CORP (AIV 2) GP LP

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

RAINE MANAGEMENT LLC

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

THE RAINE GROUP LLC

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

RAINE HOLDINGS LLC

By:		/s/ Alfred J. Chianese
		Name: Alfred J. Chianese
		Title: Attorney-in-fact*

*	Pursuant to a power of attorney dated as of January 31, 2023, which is incorporated by reference to Exhibit 24.1 to the Schedule 13D filed by the Reporting Persons on February 1, 2023.

Number of

shares beneficially

owned by

each

reporting

person

with:

Sole voting power:

0

Shared voting power:

671,067

Sole dispositive power:

0

Shared dispositive power:

671,067