Slam Sponsor, LLC's Form 4/A amendment
AmendedSlam Corp. (SLAM) · filed Mar 17, 2022
- Accession no.
- 0000899243-22-011477
- Filed
- Mar 17, 2022
- Trade date
- Mar 11, 2022
- Filing delay
- 6 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Mar 11, 2022
This filing lists 1 derivative transaction. It carries over 1 transaction from the original filing that it did not restate. It was filed 6 days after the trade.
This amendment restates part of 0000899243-22-010728 (filed Mar 11, 2022). The transactions it did not restate still count and are listed below.
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 |
|---|---|
| Slam Sponsor, LLCCIK 0001838096 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
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 |
|---|---|---|---|---|---|---|---|---|
| Mar 11, 2022 | Class A ordinary shares | CConversionAcquired | +30,000 | $60.00F1 | +$1,800,000 | 25,558,333 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0000899243-22-010728 (filed Mar 11, 2022).
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 11, 2022 | Class A ordinary shares | SSaleDisposed | −10,000 | $10,000.00F5 | −$100,000,000 | 25,548,333 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F5
On March 11, 2022, the Sponsor sold 10,000 Class B ordinary shares to Ann Berry for $10,000, or approximately $1.00 per share, in connection with Ms. Berry's appointment to the board of directors of the issuer.
Referenced by the price of 1 transaction in Table II.
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.
- F1
This Amended Form 4 is being filed to correctly reflect the exempt exercise by Slam Sponsor, LLC (the "Sponsor"), of a right to acquire the reported securities, which transaction was inadvertently reported as a market purchase on the original Form 4 filed by the Sponsor on March 11, 2022. In this regard, the reported transaction represents the exempt exercise of an option to repurchase 30,000 Class B ordinary shares (the "Class B Shares") previously sold by the Sponsor to Jagdeep Singh pursuant to that certain Securities Assignment Agreement dated January 31, 2021, between the Sponsor, the Issuer and Jagdeep Singh, which provided the Sponsor with an option to repurchase the Class B Shares upon Jagdeep Singh's resignation from the Issuer's board of directors prior to vesting, at the original $60 purchase price (approximately $0.002 per share) paid by Jagdeep Singh.
Referenced by the price of 1 transaction in Table II.
- F2
As described in the Issuer's registration statement on Form S-1 (File No. 333-252727) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the Issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.