Cowen And Company, LLC's Form 4 filing
Progress Acquisition Corp. · filed May 15, 2023
- Accession no.
- 0001140361-23-024821
- Filed
- May 15, 2023, 5:49 PM ET
- Trade date
- Nov 3, 2022-May 9, 2023
- Filing delay
- 193 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 11 non-derivative transactions. Open-market purchases total $10.0K. Open-market sales total $163.1K. It was filed 193 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 |
|---|---|
| Cowen And Company, LLCCIK 0000048966 | 10% Owner |
| Cowen Holdings, Inc.CIK 0001355007 | 10% Owner |
| Cowen Inc.CIK 0001466538 | 10% Owner |
| RCG LV Pearl LLCCIK 0001613404 | 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 3, 2022 | Class A Common Stock | SSaleDisposed | −11,885 | $10.10F4 | −$120,056.33 | 103,299 | Indirect | |
| Nov 4, 2022 | Class A Common Stock | SSaleDisposed | −3,299 | $10.07F5 | −$33,231.82 | 100,000 | Indirect | |
| Feb 6, 2023 | Class A Common Stock | SSaleDisposed | −75 | $10.37 | −$777.75 | 99,925 | Indirect | |
| Feb 8, 2023 | Class A Common Stock | SSaleDisposed | −100 | $10.37 | −$1,037 | 99,825 | Indirect | |
| Feb 9, 2023 | Class A Common Stock | SSaleDisposed | −400 | $10.35 | −$4,140 | 99,425 | Indirect | |
| Feb 13, 2023 | Class A Common Stock | SSaleDisposed | −100 | $10.35 | −$1,035 | 99,325 | Indirect | |
| Feb 22, 2023 | Class A Common Stock | SSaleDisposed | −100 | $10.33 | −$1,033 | 99,225 | Indirect | |
| Feb 24, 2023 | Class A Common Stock | SSaleDisposed | −100 | $10.35 | −$1,035 | 99,125 | Indirect | |
| Mar 3, 2023 | Class A Common Stock | SSaleDisposed | −75 | $10.39 | −$779.25 | 99,050 | Indirect | |
| Mar 24, 2023 | Class A Common Stock | PPurchaseAcquired | +950 | $10.55F6 | +$10,018.61 | 100,000 | Indirect | |
| May 9, 2023 | Class A Common Stock | JOtherDisposed | −100,000 | $10.29F7 | −$1,029,000 | 0 | 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.
- F4
The transaction was executed in multiple trades in prices ranging from $10.10 to $10.12, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F5
The transaction was executed in multiple trades in prices ranging from $10.07 to $10.08, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F6
The transaction was executed in multiple trades in prices ranging from $10.54 to $10.55, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F7
In connection with the dissolution and liquidation of the Issuer and in accordance with its Amended and Restated Certificate of Incorporation, as amended, the Issuer will be redeeming all of the outstanding shares of its Class A Common Stock that were included in the units issued in its initial public offering, including the 100,000 shares held by Cowen and Company. The redemption price is currently being calculated, which the Issuer has estimated to be approximately $10.29 per share. The Reporting Persons will file an amendment to this Form 4 after the final liquidation date to disclose the final redemption price if it is materially different from the estimated redemption price reported herein.
Referenced by the price of 1 transaction in Table I.