Insignia Capital Partners (Parallel A), L.P.'s Form 4 filing
MediaAlpha, Inc. (MAX) · filed May 13, 2024
- Accession no.
- 0000950170-24-058939
- Filed
- May 13, 2024, 6:51 PM ET
- Trade date
- May 9-10, 2024
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $49.2M. 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 |
|---|---|
| Insignia Capital Partners (Parallel A), L.P.CIK 0001586845 | 10% Owner |
| Insignia Capital Partners, L.P.CIK 0001586847 | 10% Owner |
| Insignia Capital Partners (Aiv), L.P.CIK 0001829472 | 10% Owner |
| Insignia Capital Partners GP, L.L.C.CIK 0001829474 | 10% Owner |
| Insignia QL Holdings, LLCCIK 0001829475 | 10% Owner |
| Insignia A QL Holdings, LLCCIK 0001829476 | 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 |
|---|---|---|---|---|---|---|---|---|
| May 9, 2024 | Class A Common Stock | CConversionAcquired | +2,539,800 | –F1 | – | 2,589,800 | Indirect | |
| May 9, 2024 | Class B Common Stock | JOtherDisposed | −2,539,800 | –F1 | – | 3,234,894 | Indirect | |
| May 10, 2024 | Class A Common Stock | SSaleDisposed | −2,589,800 | $19.00F5 | −$49,206,200 | 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 |
|---|---|---|---|---|---|---|---|---|
| May 9, 2024 | Class A Common Stock | CConversionDisposed | −2,539,800 | $0.00 | $0 | 3,234,894 | Indirect |
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
Reflects the exchange (the "Exchange") of 1,419,402 and 1,120,398 Class B-1 Units of QL Holdings, LLC (the "LLC") held directly by Insignia QL Holdings, LLC ("Insignia QL") and Insignia A QL Holdings, LLC ("Insignia A"), respectively, into an equal number of shares of the Issuer's Class A Common Stock ("Class A Shares"), pursuant to the Exchange Agreement, dated October 27, 2020, by and among the Issuer, the LLC and the members of the LLC (the "Exchange Agreement"). In connection with the Exchange, the Reporting Persons forfeited for no consideration an equal number of shares of the Issuer's Class B Common Stock ("Class B Shares").
Referenced by the price of 2 transactions in Table I.
- F5
Reflects the sale of the Class A Shares in an underwritten public secondary offering at a price to the public of $19.00 per share.
Referenced by the price of 1 transaction in Table I.