Platinum Equity, LLC's Form 4 filing
Vertiv Holdings Co (VRT) · filed Nov 8, 2021
- Accession no.
- 0000899243-21-043495
- Filed
- Nov 8, 2021, 4:19 PM ET
- Trade date
- Nov 4, 2021
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 1 non-derivative transaction. Open-market sales total $544.3M. It was filed 4 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, 10% Owner |
| Platinum Equity Investment Holdings, LLCCIK 0001634372 | Director, 10% Owner |
| Platinum Equity Investment Holdings III, LLCCIK 0001676357 | Director, 10% Owner |
| Platinum Equity Investment Holdings IC (Cayman), LLCCIK 0001756330 | Director, 10% Owner |
| Platinum Equity InvestCo, L.P.CIK 0001756331 | Director, 10% Owner |
| Platinum Equity Investment Holdings III Manager, LLCCIK 0001757175 | Director, 10% Owner |
| Platinum InvestCo (Cayman), LLCCIK 0001766567 | Director, 10% Owner |
| PE Vertiv Holdings, LLCCIK 0001801996 | Director, 10% Owner |
| Vertiv JV Holdings, LLCCIK 0001801997 | Director, 10% Owner |
| VPE Holdings, LLCCIK 0001801998 | Director, 10% Owner |
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 |
|---|---|---|---|---|---|---|---|---|
| Nov 4, 2021 | Class A common stock, par value $0.0001 | SSaleDisposed | −21,925,000 | $24.83 | −$544,303,472.5 | 37,955,215 | 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.
No transaction price on this filing refers to a footnote.
Remarks
VPE, which is indirectly controlled by Tom Gores as described in footnotes 1-6, is party to a Stockholders Agreement with the Issuer which gives VPE the right to nominate up to four directors to the Issuer's board of directors, subject to certain ownership thresholds. Jacob Kotzubei and Matthew Louie serve on the Issuer's board of directors pursuant to this right. Each of Messrs. Kotzubei and Louie is, respectively, a Partner and Managing Director of Platinum Equity Advisors, LLC, the advisory entity of the Funds. Accordingly, Messrs. Kotzubei and Louie may be determined to represent the interests of the Reporting Persons on the Board of Directors of the Issuer, and accordingly, the Reporting Persons may be deemed to be directors for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. Form 1 of 2