Rosenzweig Lance's Form 4 filing
Support.com, Inc. (SPRT) · filed Sep 15, 2021
- Accession no.
- 0000899243-21-036154
- Filed
- Sep 15, 2021
- Trade date
- May 14-Sep 14, 2021
- Filing delay
- 124 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market purchases total $37.8K. It was filed 124 days after the trade, past the 2-business-day deadline.
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 |
|---|---|
| Rosenzweig LanceCIK 0001297499 | Director, Officer (President and CEO) |
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 |
|---|---|---|---|---|---|---|---|---|
| May 14, 2021 | Common Stock | PPurchaseAcquired | +10,000 | $1.65 | +$16,500 | 113,157 | Direct | |
| Sep 1, 2021 | Common Stock | PPurchaseAcquired | +9,727 | $2.19 | +$21,302.13 | 122,884 | Direct | |
| Sep 14, 2021 | Common Stock | DReturned to the companyDisposed | −122,884 | –F3,F4 | – | 0 | Direct | |
| Sep 14, 2021 | Common Stock | DReturned to the companyDisposed | −100,000 | –F3,F4 | – | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 14, 2021 | Common Stock | DReturned to the companyDisposed | −600,000 | $0.00 | $0 | 0 | Direct | |
| Sep 14, 2021 | Common Stock | DReturned to the companyDisposed | −322,223 | $0.00 | $0 | 0 | Direct |
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.
- F3
The Company entered into an Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 19, 2021, by and among the Company, Greenidge Generation Holdings Inc., a Delaware corporation ("Greenidge") and GGH Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Greenidge ("Merger Sub"). On September 14, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Greenidge.
Referenced by the price of 2 transactions in Table I.
- F4
(Continued from Footnote 3) Pursuant to the terms of the Merger Agreement, (i) each share of Common Stock and each restricted stock unit of the Company that was outstanding as of the closing of the merger (the "Closing") was converted into the right to receive 0.115 shares of class A common stock, par value $0.0001 per share, of Greenidge (the "Greenidge Class A Common Stock") (the "Exchange Ratio") and (ii) each holder of an option to purchase Common Stock that was outstanding as of the Closing received an amount of shares of Greenidge Class A Common Stock equal to the Exchange Ratio, multiplied by the number of shares of Common Stock underlying such option, less a number of shares of Greenidge Class A Common Stock to be withheld in satisfaction of the aggregate exercise price of such option and, unless such holder has elected to satisfy such obligation with cash, such holder's tax withholding obligations.
Referenced by the price of 2 transactions in Table I.