Insider filing report for Changes in Beneficial Ownership
"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
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- Peter Lynch
What is insider trading>>
Here is the list of insider trading transaction codes
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Remarks: 6,412,655 and 8,292,825 shares of the Issuer's common stock are held directly by the PCS Legacy Trust and the PCS Remainder Trust, respectively. The reporting person is the investment adviser to each of the PCS Legacy Trust and the PCS Remainder Trust and in such capacity has voting, investment and dispositive power over the shares held by these trusts but does not have reportable pecuniary interest in the shares held in such trusts pursuant to Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended. Immediately prior to the closing of the Issuer's initial public offering (the "IPO"), all shares of common stock will be reclassified into shares of Class B Common Stock, par value $0.00001 (the "Class B Common Stock"), of the Issuer in an exempt transaction pursuant to Rules 16b-6 and 16b-7. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Class A Common Stock, par value $0.00001, of the Issuer (the "Class A Common Stock"). Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer. |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.