Platinum Equity, LLC's Form 4 filing
Verra Mobility CorpVRRM · filed Aug 27, 2021
- Accession no.
- 0000899243-21-034453
- Filed
- Aug 27, 2021, 6:50 PM ET
- Trade date
- Aug 25, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 1 non-derivative transaction. Open-market sales total $17.5M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Platinum Equity, LLCCIK 0001228754 | Director |
| Gores TomCIK 0001471783 | Director |
| Platinum Equity Investment Holdings, LLCCIK 0001634372 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 25, 2021 | Class A common stock, par value $0.0001 per share | SSaleDisposed | −1,200,000 | $14.60 | −$17,520,000 | 8,207,821 | Indirect | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
No transaction price on this filing refers to a footnote.
Remarks
PE Greenlight, which is indirectly controlled by Tom Gores as described in footnote 1, is party to an Investor Rights Agreement with the Issuer which gives PE Greenlight the right to nominate up to three directors to the Issuer's board of directors, subject to certain ownership thresholds. PE Greenlight currently has the right to nominate one director, Jacob Kotzubei serves on the Issuer's board of directors pursuant to this right. 1. Exhibit 99.1 - Signatures Form 2 of 2.